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Month: February 2024

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Germany Braces for Tough 2024: Growth Forecast Slashed to 0.2%
  • News

Germany Braces for Tough 2024: Growth Forecast Slashed to 0.2%

  • Ellie Baker
  • February 23, 2024
  • 0

Germany, Europe’s largest economy, is facing a bleak outlook for 2024, as it struggles with the fallout of Russia’s full invasion of Ukraine, high inflation, labor shortages and weak global demand.

Reddit’s User Content Sold to AI Company Ahead of IPO
  • News

Reddit’s User Content Sold to AI Company Ahead of IPO

  • Lillian Wilson
  • February 21, 2024
  • 0

Reddit, the popular online forum where millions of users post, comment and vote on a variety of topics, has signed a lucrative deal to sell its vast trove of user-generated content to an unnamed artificial intelligence company

Time to Admit That Economists Cannot Predict the Next Recession
  • Opinion

Time to Admit That Economists Cannot Predict the Next Recession

  • George Kim
  • February 14, 2024
  • 0

Economists have a dismal track record of predicting recessions, often missing them completely or being too late to recognize them.

Jeff Bezos Cashes Out $2 Billion in Amazon Shares
  • News

Jeff Bezos Cashes Out $2 Billion in Amazon Shares

  • Navid Singh
  • February 12, 2024
  • 0

The sale, which took place on Feb. 7 and Feb. 8, is part of a plan that Bezos announced last week to sell up to 50 million shares of Amazon over the next year, with an estimated market value of $8.4 billion.

PayPal to ‘Right-Size’ Operations, Cutting 2,500 Jobs Globally
  • News

PayPal to ‘Right-Size’ Operations, Cutting 2,500 Jobs Globally

  • Lillian Wilson
  • February 1, 2024
  • 0

PayPal Holdings, the digital payments giant, said on Tuesday that it would cut about 2,500 jobs, or 9 percent of its global workforce, this year, as it faces increasing pressure from competitors and rising costs.

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