Peter Schiff warns about the biggest transformation in the economy that most investors have no idea about. Peter D. Schiff is an economist, stock broker, financial specialist, host of the Peter Schiff Show Podcast, and author.
A village in Yavatmal district in west Vidarbha region of Maharashtra banned the use of mobile phones for those below 18.
“We know that there will be difficulties in implementation. But we will remove these problems through counselling. Penalties will have to be levied on them for violation of the decision. But the villagers have unanimously supported this decision,” says the sarpanch.
“The workers are under a lot of pressure with these algorithms. It doesn’t differentiate between workers, whether they are old or have limited mobility. Workers stay awake at night thinking only of their productivity stats.” – Via German labour group that is helping organise the ‘MakeAmazonPay’ campaign.
Widespread lockdowns imposed across China threaten to again create uncertainty in global supply chains and dim the prospects for world economic growth.
Beijing’s battle to contain the virus-including sharp restrictions on everyday life and commerce in cities from the major port city of Tianjin in the north to Guangzhou in the south-comes as economies elsewhere lose speed as central banks raise interest rates to beat back inflation.
Meta Platforms is nowhere among the world’s largest media companies.
In India, however, it tops the list, thanks to the large user base of its three brands Facebook, WhatsApp, and Instagram. Meta recorded revenue of Rs16,189 crore, followed by Sony group (Rs. 15,056 cr), Disney+Star (Rs. 15,056 crore), Google (Rs13,886 cr), Times Group (Rs8,000 cr).
One 97 Communications Ltd., the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade – and the pain is worsening.
The company, whose founder compared its challenges to those faced by Tesla Inc. shortly after the listing, has seen its stock erase 75% of its market value one year after its $2.4 billion offering, the largest on record at the time in India.
Mercedes is the latest manufacturer to lock auto features behind a subscription fee, with an upcoming “Acceleration Increase” add-on that lets drivers pay to access motor performance their vehicle is already capable of.
The $1,200 yearly subscription improves performance by boosting output from the motors by 20–24 percent, increasing torque, and shaving around 0.8 to 0.9 seconds off 0–60 mph acceleration when in Dynamic drive mode
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The situation today is more difficult and more challenging than either ’08, which was really a protected financial services crisis, or 2000, which was a protected technology crisis.
Here, we have a global crisis. We have interest rates around the world increasing, consumers globally are starting to run out of money, we have an energy crisis, and then we have all the issues of geopolitical challenges: Doug Leone, Sequoia.
Amid mass tech layoffs in the US, a congressional report estimated that Indians filing in 2020 would have to wait as long as 195 years for a green card while Chinese workers faced an 18-year wait.
Mass tech layoffs have left hundreds of workers living in the US on temporary visas with little time to find another job, or they’ll have to leave the country.
RIL recently announced that it would demerge its financial services business and rename it Jio Financial Services. According to a report by Macquarie analysts, JFS could become India’s fifth largest financial services firm in terms of net worth, trailing the HDFC twins, SBI, ICICI Bank, and Axis Bank.
Paytm stock has dropped 75% from its listing price.
Google plans to ease out 10,000 employees through a type of stack ranking and performance improvement plan. Google managers have been asked to rank 6% of employees—representing 10,000 people—as low performers, compared to the traditional 2%.
Compared to the 20 largest United States tech companies, Alphabet paid its people 153% more than what competing firms offered their employees.
The Alexa division, along with Amazon Prime video lost $3 billion in just the first quarter of 2022, with “the vast majority” of the losses attributed to Alexa. The hardware team is on track to lose $10 billion this year.
In the US voice-assistant market, Alexa ranks third (71.6 million users), behind Google Assistant (81.5 million) and Apple’s Siri (77.6 million).
“This is going to be tough next year. My estimate is that a lot of startup founders will hit the market between April to June next year, and that’s the moment of truth for the ecosystem,”
Flipkart chief executive Kalyan Krishnamurthy.
A law student had filed a case against Zomato after the food delivery service failed to deliver the food worth ?362. The court granted Rs 5,000 as compensation for his mental agony and Rs 3,000 was ordered as cost of proceedings.
After the examination of his documents, the Kollam district court ordered Zomato to pay Krishnan an overall amount of R 8,362.
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