HP to cut about 6,000 jobs by 2028, ramps up AI efforts – CNN
HP Inc said on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline...
Category : News En
Grim retail sales data fuels concerns about health of US economy – The Financial Times
A series of grim official data released just ahead of Thanksgiving has deepened concerns about the health of the world’s largest economy, intensifying the pressure...
The Fed’s Tool for Calming Short-Term Funding Markets Is Being Tested – WSJ
The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets....
What can nervous businesses expect from the Budget? – BBC News
Business leaders face a nervous final few days before the chancellor’s second Budget, having borne the brunt of a brutal set of tax hikes this...
Nvidia shares fall on signs Google gaining upper hand in AI – The Financial Times
The article reports that shares of Nvidia dropped significantly on Tuesday after signs emerged that Google might be overtaking Nvidia in the race for dominance...
Why the crypto market is crashing – CNN
Even by crypto standards, it’s been a rough few weeks.Investors in digital assets are accustomed to extreme volatility, but a $1 trillion wipeout over the...
Fed Chair Powell’s Allies Provide Opening for December Rate Cut – WSJ
Allies of Federal Reserve Chair Jerome Powell have laid the groundwork for him to push a rate cut through a divided committee at next month’s...
How the U.S. Economy Became Hooked on AI Spending – WSJ
The turbulence that hit stocks tied to artificial intelligence last week highlights a broader risk to the economy. Growth has become so dependent on AI-related...
AI Meets Aggressive Accounting at Meta’s Gigantic New Data Center – WSJ
It seems like a marvel of financial engineering: Meta Platforms META 3.16%is building a $27 billion data center in Louisiana, financed with debt, and neither...
Why investors are increasingly fatalistic – The Economist
Sales of Nvidia’s most advanced chips “are off the charts”, said Jensen Huang on November 19th, while reporting his firm’s highest-ever quarterly revenues. The boss...