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Ad Income Of Google Parent Alphabet Is Down, CapEx Is Up, And Shares Are Down 6%

Wall Street was let down by Alphabet when the business announced that this year it would be spending more on things like servers that would fuel artificial intelligence, despite the fact that holiday-season advertising sales fell short of forecasts.   After hours trading saw a 6% decline in...

CEO Of United Says Boeing's Issues May Have Been Exacerbated By A Loss Of Skills

According to a senior United Airlines executive, the COVID-19 pandemic has resulted in a broad loss of experience in the aviation business, which may have led to current issues at Boeing.   "Experience counts and they need to have a good experienced team righting the ship," Executive Vice...

Investor Anxiety Over China's Debts Is Shown By The Evergrande Liquidation

A protracted procedure for creditors has begun with a liquidation order for China's most indebted developer. This process is expected to reveal the extent of China's real estate market decline and prevent builders from accessing international loan markets as investors avoid risk.   On...

Toyota Is Still The Highest Selling Auto Company In The World, Its Chairman Regrets For The Scandals

After reporting record-breaking annual sales of 11.2 million vehicles in 2023, Toyota Motor opens new tab maintained its position as the best-selling automaker in the world for a fourth year running, though its chairman issued an apology on Tuesday regarding issues at three group subsidiaries....

Intel Trails Peers In The AI Race As It Announces Bleak Q1 Financial Performance Forecast

Intel announced a very bleak forecast for its first quarter revenue performance which has pulled down the shares of the company drastically. This, according to experts, is because of the lagging of the chipmaker compared to its peers in the AI race. The performance of the chipmaker is also expected...

A Hong Kong Court Orders Liquidation For China Evergrande With A Debt Of $300 Billion

As Chinese policymakers struggle to handle a worsening crisis, a court in Hong Kong ordered the liquidation of China Evergrande Group on Monday This step is expected to cause tremors in the country's collapsing financial markets.   After noting that Evergrande had failed to present...

Mercedes Is Ready To Sell Its German Group-Owned Dealerships

Mercedes-Benz has announced that it is willing to sell the dealerships and workshops it currently owns in Germany.   "After very positive experiences in various European markets, we are now also examining how we can set up our Group-owned retail branches more independently in Germany," the...

Attacks In The Red Sea Force Royal Caribbean And MSC To Cancel Trips

Due to Houthi militia attacks on ships, several cruise operators have cancelled or changed their routes to avoid the Red Sea; nonetheless, the business, which is valued at billions of dollars, is not likely to be significantly impacted overall.   Since November, the Iran-backed militia has...

Safran Uses A Historic Wind Tunnel For Testing A Novel Jet Engine Design

Safran, a French engine manufacturer, announced on Friday that wind tunnel testing for its "RISE" technology project, which involves designing radical jet engines for the upcoming medium-haul jets, has started.   The foundation for an open-bladed jet engine that can cut pollutants and fuel...

Reddit Plans To Go Public In March: Reuters

Social media company Reddit has outlined specific plans to begin its initial public offering (IPO) in March, pursuing a listing it has been considering for almost three years, according to a Reuters report quoting information from persons familiar with the subject.   It would be the first...

What Is The Economic Impact Of The Red Sea Disturbance On Europe?

The fastest sea route between Asia and Europe, which carries 12% of the world's container traffic, the Suez Canal, has been blocked by weeks of attacks on vessels in the Red Sea by militants backed by Iran.   Prolonged disruption would be a new risk to the European economy's outlook, which...

In Order To Meet "Ambitious Goals," Additional Job Losses Are Required By 2024, Informs Google CEO

As the business continues to redirect resources towards fields like artificial intelligence, Google CEO Sundar Pichai is alerting staff members to the possibility of additional layoffs this year.   Pichai stated, "We have ambitious goals and will be investing in our big priorities this...
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