After two years of port congestion and container shortages, logistic issues are slowly easing as Chinese exports decline as a result of softer demand from Western nations and weaker global economic outlook.
Go Deeper (3 min read)Rivian, Still A Bubble?
Founded in 2009, Rivian Automotive, Inc. is an American manufacturer of electric vehicles and provider of automotive technologies. Its car a built on a so-called skateboard platform that can accommodate future vehicles or be adopted by other automotive companies.
Go Deeper (8 min read)Last Friday, the September job report release saw an unexpected drop in the unemployment rate and an increase in worker salaries. The news sent a clear signal to markets that the Fed would have to pursue more massive interest rate hikes to slow inflation down.
Go Deeper (2 min read)Tech Is Freezing Hiring
For years, the tech sector has been rapidly expanding its workforce, but the cheap money that supported years of high-flying startups is now running out.
Go Deeper (2 min read)What A Strong Dollar Means
Global investors have been flocking to higher-yielding U.S. assets, and the dollar has strengthened while competing currencies have weakened.
Go Deeper (2 min read)More from Business
JPMorgan Moves Further Into FinTech
To counter threats from fintech companies like Stripe and Block, JPMorgan Chase has agreed to buy a payments startup named Renovite.
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Apple's Ads Push
Apple wants to roughly double the personnel in its rapidly expanding digital advertising business. According to recruitment websites, the iPhone manufacturer's ad platforms team consists of roughly 250 employees.
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Volkswagen To Go Ahead With The Porsche IPO
Volkswagen and Porsche Automobil Holding SE, the Porsche family holding and the company's largest shareholder, announced their intention to proceed with the IPO of Porsche AG.
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The Walt Disney Company is an American entertainment company active in mass media and entertainment. The company is headquartered at the Walt Disney Studios complex in Burbank, California.
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Oil Prices Fall On Recession Fears
Oil prices dropped by about 8% over the last two days and experienced their third consecutive monthly dip, indicating that anxieties about the recession are taking precedence over worries about the declining availability of petroleum at home and abroad.
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According to a Bloomberg article released over the weekend, Netflix's new ad-supported plan may cost between $7 and $9 per month.
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