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Finance

Bitcoin’s Struggle to hold $20,000 Positions Crypto Market on Edge

Bloomberg News reports that Bitcoin struggled to hold above the closely watched $20,000 level, extending a market volatility period that has seen huge swings...

Business

Job cuts at Tesla Will Reduce Workforce by 3.5%: Elon Musk

Elon Musk, CEO of Tesla Inc., has confirmed that salaried staff will be cut by 10% over the next three months. He, however, confirmed...

Finance

US Futures, Commodities Retreat on Fears of Recession

Bloomberg News reports that a stock bounce on Wednesday reversed in Asia, commodities dropped, and the dollar escalated amidst warnings that the monetary tightening...

Spurred By US Sanctions, China Supercharges Its Chipmaking Industry

The chip industry in China is growing much faster than the rest of the world after US sanctions on local champions, including Huawei Technologies...

Finance

Former Treasury Secretary Tells the US Needs a Sustained 5% Jobless Rate to Control Inflation.

Lawrence Summers, the former US treasury secretary, says that the jobless rate in the US needs to rise above 5% for five years so...

Finance

Top 1% of America Lose $1.5 Trillion on Stocks before Bear Market

Bloomberg News reports that even before it was found that the US stocks are tumbling into a bearish market this week, the wealthiest 1%...

Finance

As VC Girds for Slump, Crypto Unicorns are on Notice

Bloomberg News reports that the recent crises of the crypto market are causing some major soul-searching among venture capitalists who have put billions of...

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