Tech Giants Propel Nasdaq Higher as Dow Jones and S&P 500 Also See Gains
Tech stocks led by Apple and Tesla drove Nasdaq up 0.8%, while Dow Jones and S&P 500 also gained, as investors await key labor market data for interest rate clues
Launch of “Sustainable Sustainability”– a playbook on marrying profit and purpose
Stewardship Asia Centre (SAC) is pleased to announce that “Sustainable Sustainability: Why ESG Is Not Enough,” published by Penguin Random House, will be available for purchase from 21 November 2023.
IBM cuts 3,900 jobs, misses annual cash target
IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.
Salesforce to cut 10% of workforce after hiring “too many people”
Salesforce Inc said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.
EXCLUSIVE EU will not appeal court ruling against $991 mln Qualcomm fine – sources
EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against U.S. chipmaker Qualcomm (QCOM.O) because it would be difficult to convince Europe’s top court of the merits, people familiar with the matter said.
India’s digital lending rules spark disruption, firms plan pushback
India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.
FedEx missteps fuel contractor’s crusade as pandemic delivery boom fades
Package carrier FedEx Corp (FDX.N) is facing a threat from an unusual source – one of its biggest delivery contractors.
As US eyes new China chip curbs, turmoil looms for global market
Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains – and hurting U.S. businesses.
U.S. considers crackdown on memory chip makers in China
The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies.
Amazon teams up with Just Eat on U.S. food delivery with Grubhub investment
Amazon (AMZN.O) has agreed to take a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year.
