The Chief Executive Officer of Amazon Andy Jassy has revealed that the total layoffs at the company are set to reach above 18,000, which is 6.00% of the total workforce of the firm.
The top Apple supplier Foxconn has revealed that on a year-on-year basis its revenue had declined in December by 12.00%
The US Department of Justice has seized $465 million Robinhood shares that have been linked to Sam Bankman-Fried.
The US airline Southwest Airlines is being sued by its customers for failing to provide refunds to stranded passengers during an operation melt down of the airline during the holiday season.
Due to a slowdown in could service and Office suit growth, UBS has announced a downgrade of the Microsoft Corporation stock. The news caused a 5.40% sell off of the stock.
The US automaker General Motors has increased its sales in 2022 by 2.5%, by which the company has outsold the Toyota Motor Corporation.
The conglomerate Amazon has revealed that the company has secured a $8 billion loan with a maturity in 364 days.
Salesforce has announced that it would reduce its total workforce by up to 10.00% and close a part of its offices. The company has stated that it had over-hired during the pandemic.
The South Korean authorities have fined Tesla for the exaggeration of the driving range of the company's produced vehicles.
The Chairman of Evergrande Group Hui Ka Yan has stated in a letter to employees that 2023 is set to be a crucial year for the group to fulfil its deliveries to clients and debt repayment.
Reuters has reported that Tesla has made Tom Zhu the highest ranking executive after Elon Musk. Tom Zhu is set to directly manage plants and sales in Europe and North America.
The German Labour Office has revealed that unemployment declined in Germany in December by 13,000.
The electric vehicle maker Tesla has announced its quarterly results. The company has missed vehicle production target, which has caused a stock sell off. At the start of the day's trading, the company's stock price plummeted more than 6.00%.
The President of the European Central Bank Christine Lagarde has stated to a Croatian news outlet that the ECB should slow down a substantial rise in wage growth.
The Managing Director of IMF Kristalina Georgieva has stated that 2023 is expected to be a tough year, as the global economy continues to weaken.
Global SWF have revealed that global sovereign wealth funds have suffered losses of $0.9 trillion and public pension funds have decline in value by $1.3 trillion.
The China Index Academy survey has revealed that home prices in China continued to decline in December, which marks a sixth consecutive month of price decreases.
The Chinese electric car producer BYD has announced that it would increase its prices. The price increase has been done due to a decrease of government subsidies.
In December, manufacturing in Spain continued to decline, despite an improvement compared to November. The S&P PMI index was at 46.4 in December, compared to 45.7 in November.
The official Chinese Purchasing Managers Index has further declined, as the newest reading was at 47.0, which is down from 48.0 in Novembers.
On the first day of trading of 2023, European stock indices surged. The surge was mostly attributed to a rise in energy stock prices.
Chinese state planners have revealed that for the Chinese economy to continue to grow arduous efforts would be required, due to the slowdown of the global economy.
Ford has increased the base price of its F-150 electric truck to nearly $56,000. The price was increased by 9.00%, compared to the previous one.
Saudi Arabian Aramco and TotalEnergies have combined forces to construct a $11 billion factory in Saudi Arabia.