Goldman Sachs Revises US Recession Odds Downward to 15%
Goldman Sachs has significantly lowered its estimate of the likelihood of a US recession, citing lower inflation rates and a resilient labor market as key
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SoftBank’s Chip Designer Arm Targets Record $52 Billion IPO
SoftBank’s chip designer, Arm, is gearing up for a monumental initial public offering (IPO), with aspirations of achieving a valuation surpassing $52 billion. In a
Tesla Champions Australian Minerals for EVs
Tesla has called on the Australian government to transform the nation into a hub for processing minerals crucial for electric vehicle (EV) batteries. In a
Mercedes-Benz Concept Vehicles Challenge Tesla
Mercedes-Benz has unveiled four cutting-edge “close-to-production” concept vehicles under the Concept CLA Class banner. These innovative electric cars include a sedan, a station wagon, and
DeepRoute.ai – Robotaxi Startup Set to Expand into Germany
In a groundbreaking move to further its reach in the autonomous driving industry, DeepRoute.ai, a prominent robotaxi startup headquartered in Shenzhen, has unveiled plans to
Warner Bros Discovery Faces Profit Hit Amid Strike
Hollywood is grappling with a dual work stoppage, involving both writers and actors, which has brought the entire industry to a grinding halt. This crippling
Wall Street Stocks Slide as China Concerns Resurface
Wall Street stocks experienced a downward shift on Tuesday morning, as traders reconvened after a long weekend to confront fresh data that suggests the economic
Mixed Finish for US Stocks Amid August Job Report Surprise
US stocks experienced a mixed finish on Friday, capping off a month of unprecedented uncertainty as investors grappled with a surprising twist in the August
Walgreens CEO Roz Brewer Steps Down Amid Transformation
Walgreens (WBA) announced on Thursday that Chief Executive Officer Roz Brewer and the company’s Board of Directors have mutually agreed for her to step down
Rising Unemployment Rate Meets Growing Labor Force in August
In a recent report released by the Bureau of Labor Statistics, the unemployment rate in the United States surged to 3.8% in August, marking its
