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As 2023 approaches its end, signs of sluggish trade and manufacturing activities have emerged in several major exporting nations, raising concerns about the elusive recovery in global commerce. China, one of the world's key export players, experienced a 6.4% year-over-year drop in exports in October, a figure worse than anticipated and comparabl…

Adam Neumann was a key player in WeWork's meteoric rise and dramatic descent into Chapter 11 bankruptcy protection on Monday. The former CEO of WeWork established the business in 2010 and, primarily by sheer force of personality, built a real estate conglomerate that peaked in January 2019 at a valuation of $47 billion. Merely valued at $45 mill…

In a surprising turn of events, Bumble founder Whitney Wolfe Herd has announced her decision to step down as CEO of the dating app giant, triggering a 10% drop in the company’s shares. Wolfe Herd will be succeeded by experienced executive Lidiane Jones, who currently serves as the CEO of Salesforce-owned Slack and boasts an impressive career, inclu…

The U.S. stock market had an exceptional week, marking the best performance of 2023 as Treasury yields took a tumble, sparking hopes for an early “Santa rally” to close the year. However, while many investors are optimistic, some remain skeptical about the sustainability of this rebound. Jason Hsu, Chief Investment Officer at Rayliant, expressed…

Ride-sharing giants Uber and Lyft have reached an agreement to settle a significant wage theft case in New York. The New York Attorney General’s office led the investigation, which revealed that both companies had systematically deprived their drivers of rightful wages and benefits. The settlements, totaling $328 million, will impact over 100,000 c…

New York, November 2 (Reuters) - Elon Musk has urged a federal judge not to compel him to testify in the U.S. Securities and Exchange Commission’s (SEC) investigation into his $44 billion acquisition of the social media platform Twitter. Musk submitted his objections to the court in San Francisco, where the SEC filed a lawsuit on October 5, seeking…

In a recent report, Apple announced its fiscal fourth-quarter earnings, surpassing analyst expectations in terms of sales and earnings per Apple share. However, the tech giant revealed that its overall sales have experienced a decline for the fourth consecutive quarter. All of Apple’s hardware businesses, except the iPhone, reported year-over-year …

In a recent ADP report released on Wednesday, private sector payroll growth in October displayed a modest uptick but failed to meet market expectations, raising concerns about the state of the labor market. The data suggests that the employment landscape might be heading for darker times. ADP, a prominent payrolls processing firm, revealed that …

WASHINGTON (AP) — The Federal Reserve is expected to maintain its current key interest rate, as the U.S. economy exhibits resilience while grappling with mounting challenges, including surging interest rates, international instability, and anxious investors. In the third quarter, the U.S. experienced significant economic growth driven by strong …

The U.S. Securities and Exchange Commission (SEC) revealed on Monday its intent to file charges against SolarWinds' Chief Information Security Officer, Timothy Brown. He stands accused of fraudulent activities related to alleged misrepresentation of the company's cybersecurity practices and failure to disclose known risks to investors. The SEC comp…