Amazon slashes another 16,000 jobs
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact…
Category
Category: Business
Investors brace for new FX regime as policy signals take precedence over data
Global currency markets are sending signals that are easy to dismiss and dangerous to ignore. Exchange rates are moving sharply, yet not always in response to economic data. Sudden rallies…
Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’
President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons. ‘While…
US bonds are sending a warning that Wall Street is not talking about
The strange thing about the last year is not that markets reacted to politics. They always do. The strange thing is how they reacted. At moments when investors normally rush…
Is Nvidia’s China curse about to be lifted? Beijing weighs approval to H200 AI chips
Chipmaking giant Nvidia’s China curse may finally be easing, after reports that Chinese officials have told Alibaba and other tech companies to prepare for purchases of Nvidia’s H200 artificial intelligence…
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP
Investing.com– U.S. President Donald Trump’s proposed trade tariffs against Colombia are now on hold after Bogota agreed to accept migrants deported from the U.S., the Associated Press reported on Sunday. …
Analysis-To weather Trump, emerging market investors look to the frontier
By Libby George LONDON (Reuters) – The new era of unpredictability, marked by tariff threats and rising global tensions, is prompting emerging market investors to look for shelter in frontier…
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan
SHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January. The People’s Bank of China (PBOC) said the repo…
Fuji Media, rocked by sexual misconduct allegations, says executives to resign
By Rocky Swift TOKYO (Reuters) -Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst a probe into alleged sexual…