Days after Twitter CEO Elon Musk drew flak for placing a temporary limit on the number of messages users can view on the social media platform, Meta Platforms announced plans to release Threads, a microblogging software that competes with Twitter.   According to a listing on Apple's App...

Even as it considers laying off 30% of its total employees globally following the acquisition of Credit Suisse, UBS has launched an aggressive hiring drive in the United States for wealth managers who cater to wealthy Americans.   On the first half of the year, UBS hired 50 financial...

According to marketing industry experts, Elon Musk's decision to temporarily limit the number of messages that Twitter users may view on the social media platform could jeopardise the company's efforts to draw in advertisers under its new CEO Linda Yaccarino.   In an effort to prevent...

Apple's stock reached a record high closing and was just short of reaching a market capitalization of $3 trillion.   According to Refinitiv statistics, the shares of the iPhone manufacturer increased 0.6% to close the day at $189.25, putting Apple's market worth at $2.98 trillion. Apple's...

Exxon Mobil and Tetra Technologies Inc. have agreed to develop more than 6,100 acres in Arkansas that are rich in lithium. This is the oil giant's second move this year to gain control of the resources required to generate the metal for electric vehicle batteries.   Exxon's quick entry into...

In order to grant its electric vehicles (EVs) access to Tesla's Supercharger network in the United States, Canada, and Mexico, Swedish automaker Volvo Cars announced on Tuesday that it had reached an agreement with the EV manufacturer.   With this agreement, Volvo becomes the first European...

According to a Bloomberg News story, UBS Group plans to reduce more than half of Credit Suisse's personnel as a result of the bank's acquisition.   The majority of the risk is projected to fall on bankers, traders, and support workers at Credit Suisse's investment bank in London, New York,...

One of the most notable recent examples of an office downsizing trend that is shaking commercial real estate markets around the world is HSBC's decision to forgo its 45-floor Canary Wharf tower in lieu of a much smaller structure in downtown London.   The largest bank in Europe informed...

With the help of a partnership between cloud data analytics provider Snowflake and the computer manufacturer Nvidia, customers in the retail, healthcare, and finance sectors will be able to create AI models using their own data.   The cooperation was declared by the two businesses on Monday...

According to a sealed indictment by South Korean authorities, when former Samsung executive Choi Jinseog won a contract with Taiwan's Foxconn in 2018, he used his former employer's supplier network to steal trade secrets to aid his new client in establishing a chip factory in China.  ...

Binance is under more pressure after receiving a directive from Belgium's FSMA regulator on Friday to stop providing any virtual currency services there.   Changpeng Zhao started Binance in Shanghai in 2017, and it has since come to dominate the cryptocurrency market. However, regulators...