Industry

Singapore's Aerospace Industry Is Expected to Hire Over 2,500 Workers in the Next 3 to 5 Years

Singapore's Aerospace Industry Is Expected to Hire Over 2,500 Workers in the Next 3 to 5 Years

The aerospace industry in Singapore is expected to hire over 2,500 workers in the next three to five years to support its ongoing growth.


OpenAI, Now Valued at Over $80 Billion, Launches New Text-to-Video Tool Sora

ChatGPT maker OpenAI reportedly reached a valuation of $80 billion or more after completing a business deal to raise more funds.

JPMorgan Chase to Pay Civil Penalties of Around $350 Million Over Trade Reporting Gaps

JPMorgan Chase and Co. has disclosed that it would pay civil penalties totaling around $350 million to regulators for reporting insufficient trading data to surveillance platforms.

Nike to Lay off More Than 1,500 Jobs

Nike announced on Thursday a reduction in its workforce by 2% that will result in the layoff of more than 1,500 jobs.


Latest News

US Justice Department to Scrutinize Disney, Fox, Warner Sports Streaming Venture: Report
The US Department of Justice plans to investigate the new streaming venture between Walt Disney Co., Fox Corp., and Warner Bros. Discovery Inc. amid concerns of potential harm to consumers, media competitors, and sports leagues.
Pfizer Agrees to Pay $93 Million to Settle Lipitor Cholesterol Drug Antitrust Lawsuit
Pfizer has agreed to pay $93 million to resolve antitrust claims by wholesale drug distributors accusing the pharmaceutical giant of conspiring with India's Ranbaxy Laboratories to delay the sales of cheaper versions of the cholesterol drug Lipitor.
Ford CEO Jim Farley Urges Wall Street to Forget Tesla, Says Ford's 'Pro' Business Is the Auto Industry's Future
Ford Motor CEO Jim Farley told investors on Thursday to forget about Tesla and touted the company's "Pro" fleet business as the future of the automotive industry.
Toast Joins Wave of Tech Layoffs as It Cuts 10% of Its Workforce
Toast announced on Thursday its decision to cut its workforce by 10%, resulting in the termination of 550 employees.
Uber Unveils First-Ever $7 Billion Share Buyback After Strong Recovery in Ride-Share Revenue
Uber Technologies has announced its plan to repurchase up to $7 billion worth of company shares. Uber Technologies announced on Wednesday its plan to repurchase up to $7 billion worth of company shares.
Nvidia Becomes Third-Largest US Company After Beating Google's Alphabet in Market Cap
Nvidia surpassed Google's parent company, Alphabet, in market capitalization, securing its position as the third-largest company in the US.
Walmart's $2B Vizio Acquisition Plan Could Give It Advantage in Cheap TV Market Competition
Walmart is reportedly planning to acquire Vizio for $2 billion. Here's what it means for the cheap TV market.
Microsoft Creates the 'World's First Floating Xbox Controller' to Celebrate 'Dune: Part Two'
Microsoft has created the "world's first floating Xbox controller" in celebration of the release of "Dune: Part Two" on March 1, alongside a special edition Xbox Series S console.
Elon Musk's X Sued by Its San Francisco HQ Landlord for $13.6 Million, While SpaceX Fined After a Worker Accident
Elon Musk's X, formerly known as Twitter, is facing a lawsuit from the landlord of its San Francisco headquarters who seeks $13.6 million to refill a line of credit after the company allegedly failed to pay rent.
Joe Biden Keeps Donald Trump's China Tariffs Despite Clashing on Many Policy Issues: Here's Why
President Joe Biden has retained the tariffs on imports from China that were imposed during the administration of former President Donald Trump.
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