Amazon to sack 9,000 more workers as mass tech job cuts continue March 20, 2023 Amazon is slashing another 9,000 employee job roles worldwide as the tech giant steams ahead with further cost-cutting measures. The firm made staff aware of the job cuts in a note by chief Andy Jassy, who said workers in the Amazon Web Services, human resources, advertising and Twitch units would be most impacted by the [...]
Build-A-Bear and kitchen cabinets: US winners beyond the Mag 7 March 27, 2024 De Lisle, who manages the £329m VT De Lisle America fund, focuses on smaller companies and away from tech, and prides himself on finding "cheap little growth stocks".
Wise poaches Delivery Hero finance chief as customers swell and competition intensifies March 25, 2024 Money transfer firm Wise has appointed Delivery Hero's chief financial officer Emmanuel Thomassin to be its new CFO as the company sees a surge in customer numbers and rising competition.
Explainer-in-brief: Europe proves a hostile market for Big Tech March 14, 2022 European and UK regulators have teamed up for the second time in less than a year to crack down on tech giants skirting anticompetitive practices. On Friday, the Competition and Markets Authority in the UK and the EU Commission launched a probe into an online advertising deal between Google and Meta to allegedly shut out [...]
Think you can beat the market? Most active managers can’t March 15, 2024 Only 17 per cent of actively managed equity funds beat the index over the last decade, new research revealed.
Marvel Snap new Season Pass: The best MODOK discard deck February 7, 2023 The wildly popular Marvel Snap today launched its latest Season Pass, including a powerful new set of cards. Chief among them is a new five energy MODOK card, which promises to shift the meta in the deck building card strategy game. Previous season passes have see the introduction of cards including Miles Morales, Silver Surfer, [...]
US markets on best run since 1971 – but how does the FTSE 100 stack up? March 2, 2024 The S&P 500's remarkable run mainly stems from bets that the Fed will start cutting interest rates in 2024.
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.
Binance Deals With ‘Stress Test’ as Crypto Market Leverage Drops, FTX Founder is Charged December 19, 2022 Data from CryptoCompare shows that the price of Bitcoin started this past week moving up steadily from around $17,000 to a high above the $18,000 mark, before it quickly collapsed and dropped to $16,500. Ethereum’s ether, the second-largest cryptocurrency by market cap, traded in a similar way, seeing a high of $1,350 after starting the [...]
FTSE 100 today: London markets poised for green start as Israel-Iran tensions ease; focus turns to ‘Magnificent Seven’ earnings April 22, 2024 Global markets saw a significant turnaround, with Asian stocks rebounding strongly while oil and gold prices dipped. Bitcoin, on the other hand, surged by 3 per cent. Investors are eagerly awaiting earnings reports from the "Magnificent Seven" companies and aviation giants Boeing and Airbus, making this a pivotal week.