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Credit: Image by Yahoo via YAHOO NEWS Insider Insights from Amazon’s Early Days This as-told-to essay is based on a transcribed conversation with Steve Yegge, a 56-year-old from Washington, about working at Amazon — founded in 1994 — from 1998 to 2005. The following has been edited for length and clarity. Joining Amazon: A Leap…
Credit: Image by Yahoo via YAHOO NEWS Hedge Fund Triata Soars 39% Amid AI and Robotics Surge! (Bloomberg) — A significant rally in Chinese stocks, fueled by excitement surrounding DeepSeek and Unitree Robotics, has led to impressive returns for several hedge and long-only funds last month. The unveiling of DeepSeek’s lower-cost, open-source artificial intelligence model,…
Credit: Image by Yahoo via YAHOO NEWS HPE Faces Major Setback: Shares Plunge 15% Amid Weak Profit Forecast and Job Cuts (Bloomberg) — Hewlett Packard Enterprise Co. experienced a significant decline of approximately 15% in its stock value after revealing an annual profit outlook that did not meet investor expectations. The company also announced plans…
Credit: Image by Yahoo via YAHOO NEWS Trump Administration’s Impact on Big Tech Antitrust Cases In a dramatic turn of events, nearly every major US tech giant is currently embroiled in government-led antitrust claims, with many now looking towards the Trump administration for a potential reprieve. One of the most notable pleas has come from…
Sovcomflot’s 2024 Net Profit Plummets by 55% The Russian tanker group Sovcomflot has announced a significant decline in its net profit for the year 2024, reporting a staggering 55% drop compared to the previous year. This news has sent shockwaves through the maritime industry, raising questions about the future of the company and the broader…
Nintendo Shares Plummet Amid Tariff Concerns (Bloomberg) — Shares of Japanese game maker Nintendo Co. have experienced a dramatic decline, plunging the most in seven months. This downturn is largely attributed to global funds withdrawing from some of the best-performing stocks in a jittery market environment. Nintendo’s shares fell as much as 8.4% in Tokyo,…
Nintendo Shares Plunge Amid Market Turmoil (Bloomberg) — Shares of Japanese game maker Nintendo Co. experienced a significant decline, plunging the most in seven months. This drop has been attributed to global funds withdrawing from some of the best-performing stocks in a jittery market environment. Nintendo’s shares fell as much as 8.4% in Tokyo, marking…
Alibaba’s ADR Discount: A Sign of US-China Financial Decoupling? (Bloomberg) — Donald Trump’s recent push to restrict US investments in China is putting to the test what should ideally be a robust financial relationship — the close connection between Chinese shares traded in New York and those in Hong Kong. Last week, Alibaba Group Holding…
HPE Shares Plummet 15% Amid Weak Profit Forecast and Major Job Cuts (Bloomberg) — Hewlett Packard Enterprise Co. has seen its stock price drop by approximately 15% following a disappointing annual profit outlook that failed to meet investor expectations. The company also announced plans to eliminate around 3,000 positions as part of its restructuring efforts….
Hewlett Packard Enterprise Faces Turbulent Times (Bloomberg) — Hewlett Packard Enterprise Co. has seen its shares plummet approximately 15% following a disappointing annual profit outlook that has left investors concerned. The tech giant announced plans to eliminate around 3,000 positions as part of a broader strategy to navigate these challenging times. Profit Outlook Falls Short…
