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Shares of Shopify tanked 20%, the most in the stock’s history, in midday trading Wednesday after the e-commerce giant reported a first-quarter loss and warned that last year’s sale of its logistics business could shrink revenue...
Continue Reading...Business
May 13, 2024
The EU has already designated three Apple platforms — Safari, iOS, and the App Store — as gatekeepers under its strict tech rules, which can impose fines as much as 10% of a company’s annual turnover for noncompliance.
Continue Reading...Cyber Security
April 29, 2024
Inflation was hotter than expected last month and remains well above the Federal Reserve’s 2% target, according to government data released Friday, as eagerly awaited interest rate cuts seem to be increasingly less likely in the future.
Continue Reading...Economy
April 29, 2024
JPMorgan Chase CEO Jamie Dimon warned of the potential for interest rates to climb as high as 8% as the effects of the unprecedented monetary policy to combat inflation take hold.
Continue Reading...Economy
April 9, 2024
Unemployment rate spikes to 2-year high - The labor market showed some rare signs of weakness in February, as the unemployment rate unexpectedly rose to its highest level since 2022.
Continue Reading...Economy
March 25, 2024