Tech giants hit by slowing economy

Tech giants hit by slowing economy

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Trump suggests China tariffs will fall

President Trump says tariffs on China “will not be anywhere near 145%” but won’t be removed all together. It follows US Treasury Secretary Scott Bessent saying he expected a ‘de escalation’ in US China tariffs.The International Monetary Fund has revised its global growth forecast ...  Show more

Traders on tenterhooks over new tariffs

As some of the World's largest economies get ready to face new tariffs, we find out what a battle on levy's could mean for the global economy.We hear from a Gulf Coast business feeling positive about the charges, and the predicament of a Californian retailer reliant on imports.El ...  Show more

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China property giant Evergrande files for US bankruptcy protection
World Business Report

Filing for bankruptcy protection will allow the heavily-indebted Evergrande to protect its assets in the US as it works on a multi-billion dollar deal with creditors. The company defaulted on its huge debts in 2021, which sent shockwaves through global financial markets. The move ...  Show more

Aux États-Unis, les géants de la «tech» engrangent des superprofits et licencient
Aujourd'hui l'économie

Après une année 2023 marquée par des départs en cascade, le secteur de la « tech » traverse une nouvelle phase de licenciements aux États-Unis. Et ce, malgré les profits records affichés par les grandes entreprises de la Silicon Valley. Microsoft, Google, Meta ou encore Amazon... ...  Show more

WeWork Bust Shows Hazards of Love; China Chips War
The Credit Edge by Bloomberg Intelligence

WeWork Inc. — known for free-flowing booze and a fleeting $47 billion valuation — declared bankruptcy just two years after going public. This cautionary tale of over-indebtedness highlights the perils for investors who fall in love with businesses they don’t really understand, sa ...  Show more

Intel’s Drop, Microsoft’s Record, MercadoLibre’s Future
Motley Fool Money

Intel plunges on chip delays. Microsoft declines despite a record quarter. Twitter pops on strong user growth. Chipotle serves up strong digital growth but slips on closed restaurants. Coca-Cola’s CEO says the worst is over. Intuitive Surgical surprises. Boston Beer surges. Tesla ...  Show more