Browsing: Business

Intel’s stock plummeted in premarket trading after a disappointing Q1 2024 outlook, despite exceeding recent earnings expectations.

Tesla’s stock plunges 12%, wiping out $80 billion in value after gloomy earnings and Chinese competition warning.

SAP Allocates €2 Billion for AI-Driven Restructuring, Impacting 8,000 Jobs in Pursuit of Scalable Revenue Growth.

eBay cuts 1,000 jobs (9% of its workforce) as CEO Iannone emphasizes reducing alternate workforce contracts.

Netflix’s Shares Soar 10% on Q4 Success with 13.1 Million New Subscribers, Boosted by Ad Expansion and Password Crackdown.

President Sheikh Mohamed bin Zayed chairs ADNOC board meeting, emphasizing sustainability and global energy transition.

Bitcoin’s price has plunged by more than 20% following the introduction of US-based cryptocurrency ETFs, prompting caution among speculators.

Moody’s warns of Asia’s 2024 sovereign credit risks as China’s economic growth slows amidst geopolitical concerns.

US stock markets had a strong start to the week, with the S&P 500, Dow Jones, and Nasdaq all posting gains, reaching new highs.

Based on the World Bank’s projections as of 2024, Lebanon’s economic situation remains deeply concerning and “high uncertain.”