Exploring the Causes of UK, Japan Recession
The latter three months of 2023 saw a drop in the Gross Domestic Product (GDP), which marked the formal start of the slump in the United Kingdom and Japan.
According to the First Post and Business Standard, the Office for National Statistics (ONS) stated that the UK's Gross Domestic Product shriveled by 0.3 percent in the final three months of 2023, from October to December–23, after decreasing by 0.1% in...
Jeff Bezos Aiming to Surpass Elon Musk with $8 Billion Boost
As per recent stats shared by Investopedia and Forbes, the world’s richest person, Elon Musk, is in trouble because Jeff Bezos is just $8 billion away from beating Elon Musk as the richest person in the world in 2023 with a growth in Amazon stock this year and a deterioration in Tesla shares.
According to Forbes, ZainCheema, Bloomberg, and Investopedia's Billionaires Index, the founder and executive chairman of Amazon will...
PayPal Joins Tech Layoffs, Aims to Cut Workforce by 9 Percent
The world's largest fund transfer company, PayPal, has recently proclaimed that it will be reducing almost 9 percent of its employees, a move in line with some other tech companies, like Amazon & eBay, that have also reduced their staff in the first month of this year.
According to the CNN Business report, the chief executive officer (CEO) of PayPal, Alex Chriss, has clarified that the redundancies are required to...
Excessive Use of Earned Wage Access Harms Customers
According to a report published on January 28, 2024, by CNBC, the rising popularity of these programs, which let customers access part of their age in advance of payday, in a few cases for a fee,.
The CNBC report quotes specialists and customer supporters who say that these programs offer benefits, such as quick access to money in crises, but can occasionally share the qualities of high-cost debt, such as...
Crypto Hackers Stole $390 Million In Crypto In July
According to a study from Web3 platform De.Fi, Crypto hackers stole $390 million in cryptocurrency in July. Some people are turning to cold storage wallets, offline devices made to secure cryptocurrency assets, for more protection due to the crypto crime shaking the sector.
Crypto Hackers
According to Mark Venables, proprietor of The Crypto Merchant, "When the markets are in a bull run, more investors invest, and more traders trade, creating a...