Spotify's Massive Layoffs Lead To Over $1 Billion Record Profit
After laying off thousands of employees, Spotify achieves record profits of over €1 billion ($1.1 billion), driven by podcasting, despite missing monthly user forecasts.
Sectors
Talking Plants? This Startup Could Help Plants Communicate With Farmers
This startup is helping plants talk! Here's how its technology could benefit the agriculture industry.
Seafood Chain Red Lobster Initiates Search for Buyer Amid Looming Bankruptcy Filing
Red Lobster seeks buyer to evade bankruptcy amid debts and losses—casual dining industry woes worsened by the pandemic...
Southwest Airlines Considers Departure from Single-Class, Open-Seating System
Southwest Airlines CEO Bob Jordan revealed plans to potentially revamp the airline's cabin layout, including considering ending its open-seating tradition, a departure from its traditional model...
World's First AI Avatars With 'Expressive Emotions' To Be Released By Synthesia
Synthesia's new AI, "Expressive Avatars," improves digital storytelling with authentic emotional expressions. However, it faces scrutiny over potential misuse, with concerns about its deceptive capabi..
Google Allegedly Makes it Harder to Search Rival Email Service; Tuta Mail Complains to EU
Tuta Mail accuses Google of making it harder to search for. Here's wha...
Middle East Conflict Could Push Oil Prices to the Top and Drive Global Inflation, Says World Bank
The World Bank warns that escalating conflicts in the Middle East coul...
Latest News
President Biden Greenlights $95B National Security Package, Fast Tracks Aid to Ukraine
President Joe Biden has swiftly enacted a $95 billion national security package, with a primary focus on expediting critical aid to Ukraine in the face of Russian aggression.
SunPower Announces Mass Layoff as it Ceases Residential Installations
SunPower announced a mass layoff that would affect thousands of employees as it ceases residential installations.
[UPDATE] FTC Faces Lawsuit Over Its Noncompete Clauses Ban! Can the US Chamber of Commerce Stop It?
The FTC is now facing a lawsuit from the US Chamber of Commerce. Will this prevent FTC's noncompete clauses ban?
China Space Tourism: Tiangong Space Station Could Soon Host Tourists!
China's space tourism could soon happen as the government considers allowing the Tiangong space station to host tourists.
Companies Now Mandated to Fix Out-of-Warranty Devices Following New EU Directive
The European Commission approves new 'right to repair' legislation, easing the repair process for out-of-warranty devices and extending warranties.
Tesla Stock Soars After Elon Musk's Robotaxi Promises Despite Weak Quarterly Results
Elon Musk is undeterred by weak quarterly earnings and, instead, promises to invent self-driving technology, sentient robots, and Robotaxis, which will increase Tesla stock in return.
Microsoft and Amazon's AI Partnerships To Be Investigated By UK Regulators
British antitrust regulators are examining partnerships between tech giants Microsoft and Amazon and smaller AI firms, seeking input to assess whether these partnerships can bring out unfair competiti
UK Satellite Engineering Company Signs $19.7 Million Deal With SpaceX for Starlink Constellations
Filtronic Plc and SpaceX announced a groundbreaking agreement. In a $19.7 million deal, Filtronic will supply crucial modules for SpaceX's Starlink constellations, while SpaceX will be granted the opt
Stellantis Plans to Lay Off Unspecified Number of Workers at US Factories in Coming Months
Stellantis plans to lay off an unspecified number of employees at its American plants in the coming months.
