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Business, Economy

“Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024”

January 25, 2024

“…ASML reported 27.6 billion euros in revenue for 2023, higher than the 21.2 billion euros of the year before. That was a 30% year-on-year rise. Shares of ASML provisionally ended up 9.7%… The Dutch government, following U.S. pressure, introduced curbs in… Continue Reading…

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Business

“Why Macy’s rejected its $5.8 billion buyout bid — and what’s next”

January 25, 2024

“…The once darling department store faces an uncertain future after it rejected a $5.8 billion buyout offer from one of its shareholders, Arkhouse, and its partner Brigade Capital Management, on Sunday. Macy’s cited financing issues as a reason for the… Continue Reading…

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Cryptocurrencies

“Should You Buy Shiba Inu While It’s Still Below One Cent?”

January 24, 2024

“Even though the Shiba Inu (CRYPTO: SHIB) token is down roughly 88% from its all-time high, the cryptocurrency is still up massively. The popular meme coin gained 18,600,000% from its low shortly after its launch in 2020. With Shiba Inu currently trading at roughly $0.00001… Continue Reading…

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Business

“Facebook made a major change after years of PR disasters, and news sites are paying the price”

January 24, 2024

“…Facebook, now known as Meta, is out of the news business, a move that’s disrupted the traffic flow for many publications — Mother Jones has seen a 99% drop in Facebook referrals since its peak — and had disastrous consequences for… Continue Reading…

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Business

“Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme”

January 24, 2024

“Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. Prosecutors said Horst Jicha promoted USI Tech, the company he founded and helmed as its CEO, as a crypto mining and… Continue Reading…

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Business

“Netflix will host WWE’s Raw starting next year in multibillion dollar deal”

January 24, 2024

“Netflix (NFLX) and TKO Group Holding’s WWE (TKO) announced a new partnership early Tuesday that will bring WWE’s flagship program Raw to the streaming service, beginning January 2025. The 10-year deal marks Netflix’s first big venture into the world of live sports… Continue Reading…

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Stocks

“Dow rises more than 100 points to close above 38,000 for the first time ever…”

January 23, 2024

“…The Dow Jones Industrial Average climbed 138.01 points, or 0.36%, to finish at 38,001.81. Monday’s gains pushed the blue-chip average to a new record and above the 38,000 level for the first time. The S&P 500 added 0.22% to 4,850.43, also reaching a fresh… Continue Reading…

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Stocks

“Super Micro shares soar 36% to record on uplifting preliminary results”

January 23, 2024

“Super Micro Computer, one of the best-performing tech stocks of the past few years, soared 36% on Friday to a record, after the maker of data center hardware issued preliminary financial results that exceeded estimates… The uplifting numbers follow a… Continue Reading…

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Business

“Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce”

January 23, 2024

“Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it… Continue Reading…

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Economy

“Cargo theft spiked over 57% in 2023 vs. 2022, new data shows”

January 23, 2024

“…Nearly $130 million worth of goods was stolen in 2023, but since reporting cargo theft is not mandatory, the amount is likely higher than this, according to CargoNet… Cargo theft refers to goods being stolen at any point in the… Continue Reading…

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