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.
Month: February 2024
Reddit’s User Content Sold to AI Company Ahead of IPO
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
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
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
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.