Tag: history

Job cuts are continuing into 2025, with companies like Meta, Microsoft, BlackRock, and Salesforce laying off employees. The reasons for these layoffs vary, but many companies are citing cost-cutting and technological changes as factors. Some companies are also announcing hiring plans in areas of growth, such as AI and data science.

Published on: February 04, 2025, 11:01 AM UTC

Dassault Systemes and Volkswagen partner to accelerate software defined vehicles transition using 3DEXPERIENCE platform.

Published on: February 04, 2025, 07:00 AM UTC

Microsoft Co-founder Bill Gates weighs in on the timeline for useful quantum computing, saying it could arrive in 3-5 years but remains uncertain compared to the rapid progress of AI.

Published on: February 03, 2025, 04:02 PM UTC

US stocks fell on Monday in response to President Donald Trump's announcement of tariffs on China, Mexico, and Canada. However, major averages pared heavy losses mid-morning after President Trump said he would delay tariffs against Mexico by a month. The tech-heavy Nasdaq Composite (^IXIC) pared losses in half to drop around 1%, while the S&P 500 (^GSPC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was down 0.2%. Consumer discretionary (XLY) stocks, which includes automakers, were the hardest hit early in the day. Tech (XLK) also dragged on markets as shares of AI chip giant Nvidia (NVDA) and iPhone maker Apple (AAPL) dropped. The tariffs, set to take effect on Tuesday, will include 25% duties on Canada and Mexico, and 10% on China. Energy imports from Canada will carry a lower 10% duty. On Monday morning President Trump said he spoke with Mexican President Claudia Sheinbaum and she agreed to send 10,000 soldiers to the border to stop the flow of fentanyl, and illegal migrants into the US.

Published on: February 03, 2025, 04:01 PM UTC

Warburg Pincus and Berkshire Partners in Talks to Buy Triumph Group

Published on: February 03, 2025, 11:01 AM UTC

Cryptocurrency markets plummeted after Trump's tariff announcements, with the MVIS CryptoCompare Small-Cap index experiencing its steepest two-day drop since May 2022. Ether briefly plunged 27%, while Bitcoin fared better with a 1% decline.

Published on: February 03, 2025, 10:00 AM UTC

Southwest's turnaround plans hit by higher costs; Boeing's production ramp-up seen as key to recovery.

Published on: February 03, 2025, 09:02 AM UTC

U.S. refiners import heavy crude from Mexico, Canada; await Trump tariffs

Published on: January 31, 2025, 11:00 PM UTC

Get the latest on US stocks, where markets gained momentum as investors digested Big Tech earnings and awaited Apple's report for insights on Big Tech prospects.

Published on: January 31, 2025, 03:03 PM UTC

Orrstown Financial Services Inc. reports $13.7 million net income in Q4 with adjusted earnings of 87 cents per share. Learn more about ORRF's financial results for the year at Zacks Investment Research.

Published on: January 31, 2025, 01:05 PM UTC