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Charles Matta: A Testimony of Discipline

From the firm belief in delivering equal opportunities, inclusivity, commitment, and conscientious work ethics birthed a rising financial technology (Fintech) company, MyMonty. The idea of the company stems from the fundamental core philosophy of equality and delivering on the promise of offering everyone basic banking and financial services. Executive Vice President (EVP) of MyMonty, Charles […]

HP to Cut About 12 Percent Jobs by End of Fiscal 2025

HP Inc said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12 percent of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets. The PC maker also forecast a lower-than-expected profit for the first quarter […]

Special Report-Ftx’s Bankman-Fried Begged for a Rescue Even as He Revealed Huge Holes in Firm’s Books

As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds. Hunkered in his Bahamas apartment, Bankman-Fried toiled through the night, calling some of the world’s biggest investors, including Sequoia Capital, Apollo Global Management […]

Buffett’s Berkshire Discloses $4.1 Billion Tsmc Stake

Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing, a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC soaring, closing up 7.9 percent in Taiwan on Tuesday, as it boosted investor sentiment for the world’s largest contract chipmaker, […]

FTX Looks for $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Bankman-Fried has discussed raising $1 billion each from Justin Sun, the founder of crypto token Tron, […]

Facebook Parent Meta Is Preparing Large-Scale Layoffs This Week - WSJ

Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak holiday […]

The Xiaomi Scale Up, Samsung Is Losing the Battle

Xiaomi has taken the smartphone world by storm. With an attractive line-up of cheap but jampacked with-specs phones. They seem like they will dethrone the big players, and maybe they already did. Samsung is facing its most brutal battle yet, and its scariest rival. Xiaomi is not here to participate in the mobile phone fight. […]

Top 9 AI Marketing Tools to Scale Your Business

Artificial intelligence (AI) tools are now widely used in marketing and almost any other industry you can think of. Companies of all sizes use the best AI marketing solutions to promote their brands and enterprises and scale their efforts exponentially. Using AI-powered marketing tools should be a component of your business strategy whether you’re a […]

U.S. Scrambles to Prevent Export Curbs on China Chips From Disrupting Supply Chain

The U.S. is scrambling to tackle unintended consequences of its new export curbs on China’s chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said. By late Tuesday, hours before a new restriction took effect, South Korean memory chipmaker SK Hynix Inc said it got authorization from the United […]