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JOB MARKET SLOWDOWN
Donald Trump's midterm drubbing demonstrates the power of data center opponentsDemocrat victories in recent midterm elections signal a shift in public sentiment regarding data centers and AI technology. Key races in Te...- Canva layoffs: Top manager feels ‘deja vu’, urges colleagues to ‘to be kind’ after 1,271 job cutsCanva employee Artemi Ollin says the company's decision to cut 1,271 jobs feels like “déjà vu” after he experienced layoffs at Google. In a...
- Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the airDubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors...
- Global Market: European automakers get earnings boost as Chinese competition weighs on recoveryEuropean automakers have received a boost from recent earnings, but their recovery remains fragile. Rising competition from Chinese manufac...
- Rising tech costs drive EMI sales; Shadowfax Q2 profit soarsHappy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
- Amazon cloud business accelerates but shares drop on profit missAmazon experienced a notable decline of over seven percent in its shares following the release of its quarterly earnings, which failed to m...
- TVS Motor to make 80,000 electric two-wheelers a month as EVs capture over 20% of India's scooter marketTVS Motor Company plans to raise its electric two-wheeler manufacturing capacity to 80,000 units per month by March 2027 as sales surge and...
- US Market: Fed holds rates steady, but bond investors remain concerned over inflationThe US Treasury yield curve steepened after Fed Chair Kevin Warsh’s press conference, as investors weighed inflation risks, fiscal concerns...
- Anthropic takes AI test with filing for Wall Street debutAnthropic PBC has filed for an IPO, becoming a potential leader in AI technology. The company anticipates trading under the symbol ANT on t...
- Private sector activity hits four month high in OctoberIndia's private sector activity experienced significant growth in October, reaching a four-month high as new orders increased. The HSBC Fla...
- India’s business owners need to match the global ambitions of Korean and Chinese peers: Gautam Kumra, Chairman of McKinsey's offices in AsiaMcKinsey Asia chairman Gautam Kumra discusses why owner-led businesses have outperformed professionally managed and state-owned peers, acco...
- Software majors delete 24,000 jobs across IT and engineering in a yearOver the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,00...
- Netflix shares slide 4% as slowing sales growth raises fresh concernsNetflix shares fell after the streaming giant reported its slowest sales growth in three years and forecast another quarter of slowing reve...
- Bola Sokunbi started investing during a recession in 2007; about 10 years later, her portfolio had crossed $1 millionBola Sokunbi saved $100,000 within three years of graduating and kept investing when markets fell in 2007. About a decade later, her portfo...
- Princeton PhD whose research was linked to Nobel Prize in Physics applies for 2,300 jobs, still struggles to find workA Princeton PhD graduate whose ice-formation research was cited in connection with the 2024 Nobel Prize in Physics, has applied for more th...
- No magic fix: IMF chief warns growth cannot solve America's $40 trillion debtThe head of the International Monetary Fund highlights the urgent need to address global debt levels. Rising interest rates and inflation h...
- Groww Q2 profit jumps; Hocco eyes big funding scoopGroww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
- AI boom lifts China, India as global trade growth accelerates, IMF saysSilvana Tenreyro, the IMF's new chief economist, highlighted the robust growth in AI-related trade. This growth has significantly outpaced ...
- Go slow on rate hikes: Make capital accessible and affordable to drive investment and job creationIndia is witnessing a notable increase in active companies, driven by the easing of regulations and lower capital costs. The government's f...
- US jobless claims hover near 57-year low for fourth consecutive weekIn a recent report, weekly unemployment claims saw a slight drop of 2,000, totaling 197,000, which suggests some stability within the job m...
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