Asian stock markets took off on Wednesday as traders hoped for the last Federal Reserve interest rate hike for some time. With US futures edging lower and oil prices gaining, the focus was on the Fed’s expected rate hike of 0.25 percentage…
The Biden administration has aimed at tech giants Apple and Google for operating mobile app stores that stifle competition. According to a Commerce Department report, the current app store model, led by Apple and Google, is “harmful to consumers and developers” as…
Boeing, one of the world’s largest aerospace companies, said goodbye to an iconic plane on Tuesday as it delivered its final 747 jumbo jet. The giant yet graceful plane has served as a cargo plane, a commercial aircraft, transport for NASA’s shuttles,…
The European Union has announced a ban on imports of diesel fuel and other products produced from crude oil in Russian refineries. The ban will take effect on February 5th, following the E.U.’s embargo on coal and most oil from Russia. The…
Warren Buffett, CEO of Berkshire Hathaway, has an impressive track record of outperforming the market. A $1,000 investment in Berkshire Hathaway on the day Buffett purchased the company in 1965 would now be worth over $26 million, making him one of the…
In a move that could shake up the tech industry, Apple is rumored to be releasing a mixed reality (MR) headset this spring. The company, which has been working on AR/VR technology for years, has reportedly shelved its AR glasses project in…
Israel’s tech industry, long considered the driving force behind the country’s economy, is now pushing back against the new government’s far-right agenda. In an unprecedented move, tech leaders are speaking out against policies they believe will drive away investors and cripple the…
Amazon, the world’s largest online retailer, is facing its first-ever strike in the United Kingdom as workers at its Coventry fulfillment center walked out on Wednesday over pay and working conditions. The latest strike in a wave of industrial action across the…
Rivian, a new electric vehicle company that went public in 2021, has seen its share price drop 84% since its debut. However, the company’s future may not be as bleak as it seems. The next few years could bring improvements to the…
Microsoft has announced that it is making a “multiyear, multibillion dollar investment” in OpenAI, a San Francisco-based artificial intelligence startup. This is the third stage of a partnership between the two companies that began with a $1 billion investment by Microsoft in…