Meta Layoff Hits Thousands of Employees Worldwide Mass job cuts continue to plague the tech sector, as Meta Platforms initiates yet another round of layoffs: roughly 4,000 employees, or 5% of its workforce this time. These job cuts, which Meta calls “performance terminations,” come as part of CEO Mark Zuckerberg’s wider objective to foster productivity […]
Trump Halts Tariff on Mexico and Canada In an unexpected decision at the last minute, US President Donald Trump announced a 30-day pause on proposed tariffs against Mexico and Canada. The 25% tariffs set to take effect on Mexican and Canadian goods come into effect Tuesday but have now been postponed after both countries agreed […]
In an unprecedented executive order, U.S. President Donald Trump signed to create America’s very first sovereign wealth fund-a move that opens the door for the USA to buy TikTok or taking a significant stake in the hugely popular social media app. The initiative, with leaders Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick, […]
As the Costco workers strike deadline closes in fast, tensions between the wholesale retailer and the Teamsters union are intensifying. Costco recently raised its wages for non-union workers, but unionized employees say this offer hardly scratches the surface of what they deserve. Thousands Of Costco Workers Strike Over Contract Fight A Costco employees strike could […]
Introduction to BRICS Currency In recent years, the BRICS countries—Brazil, Russia, India, China, and South Africa—became more openly vocal about setting up a reserve currency. The envisaged currency, with the support of the economic prowess of this bloc of emerging economies, could threaten US dollar hegemony in global trade. But what exactly might it mean […]
Introduction and The Historic Nvidia Stock Market Cap Loss Nvidia, a major player in the revolution of AI, suffered a historic failure in Wall Street history on Monday after recording the largest one-day loss of market capitalization. The cause of the unprecedented event? DeepSeek, a Chinese AI company, launched an economical rival for ChatGPT, calling […]
