BUSINESS

AMD CEO Lisa Su unveiled the chip giant's latest line of products during a keynote speech at Computex 2024 in Taipei

AMD To Reduce Global Workforce By 4% Amid AI Focus

″As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%," an AMD representative said in a statement.

Top Execs At Trump Media Sell Over $16 Million In Company Stock After Election

Donald Trump's second term is widely expected to amplify misinformation on social media platforms that have become increasingly important for news
CFO Phillip Juhan sold the majority of the company's stocks, while director Eric Swider and general counsel Scott Glabe each sold smaller amounts of the shares. Trump stated that he has no intention of selling his shares in Trump Media and called for an investigation into anyone making claims to the contrary.
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Volkswagen is planning an unprecedented restructuring that could include thousands of job cuts

Volkswagen And Rivian Launch Joint Venture Valued At $5.8 Billion

With this venture, the two companies plan to bring "best-in-class software technology" and "next-generation electrical architecture" for future electric vehicles of the companies. The deal will cover various kinds of vehicles, which would also include subcompact cars.
Traders are awaiting the release of US inflation data, which could play a role in the Federal Reserve's thinking ahead of next month's monetary policy meeting

Asian Markets Extend Losses As Trump Fears Build

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.
The US Federal Aviation Administration's move came after a Spirit Airlines jetliner arriving from Florida in Port-au-Prince was hit by gunfire

US Bans Flights To Haiti As Gang Violence Rages

The United States on Tuesday banned all civilian flights to Haiti for a month, a day after a jetliner was shot at on approach to the capital and as a new prime minister took the reins of a nation ravaged by poverty and gang violence.
Free users of Facebook and Instagram in the EU will soon get an option for less targeted ads

Free Facebook In EU With Less Targeted Ads

Under pressure by EU regulators, Meta said Tuesday it was offering non-paying users of its Facebook and Instagram services in the bloc the ability to do so with less targeted ads, as well as cutting its subscription rates.
Bayer's profits plunged after the group reported a big loss

Bayer Shares Hit 20-yr Low As Problems Pile Up

Bayer's shares plunged to a 20-year low Tuesday after the German chemicals giant cut its earnings outlook and posted a worse-than-expected loss on woes related to its troubled agrochemicals division.

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