Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records
So far in January, some 23,670 workers have been laid off, the most in any month since March, according to the website Layoffs.fyi.
Financial News
Saudi Arabia’s first alcohol store is a big step, but also aims to tackle a longstanding problem: Booze smuggling
“Everyone knows which embassies sell booze … some of them have made a whole side business out of it,” one Saudi investor told CNBC.
European Central Bank holds rates steady, gives no hint at cuts ahead
The European Central Bank on Thursday confirmed expectations that it would hold interest rates unchanged at their current record high.
Saudi Arabia opens its first-ever alcohol store — but it’s only accessible to a select group
Photography is strictly prohibited in the store, and mobile phones must be kept in secure pouches to prevent their use while in the venue.
Fujitsu role in Britain’s Post Office scandal could have severe reputational consequences, analysts say
Fujitsu’s role in the U.K. Post Office scandal has analysts wary of what the fallout could look like for the Japanese IT giant.
Trump’s proposed 10% tariff plan would ‘shake up every asset class,’ strategist says
Donald Trump’s proposed 10% tariff increase on all U.S. imports “shakes up every asset class,” according to Rabobank’s Michael Every.
This record-breaking market just keeps going higher and higher. Here’s why
Prospects for a slowing economy, geopolitical unrest and turmoil in Washington aren’t scaring market participants.
Saudi Arabia goes big in Davos as it looks to become a top AI tech hub for the Middle East
Saudi Arabia’s delegation came out in force in Davos as the country looks to establish itself as a tech hub in the region.
Alex Soros says a Trump win is a done deal for the Davos elite — but they’re always wrong
“In Davos, Donald Trump is already the president,” Open Society Foundations Chairman Alex Soros told a panel at the World Economic Forum.
Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl
Deutsche Bank CEO Christian Sewing said that merger and acquisition activity is not a priority, as speculation resurfaces over the future of rival Commerzbank.