IBM replaces employees with AI

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Source: Dukascopy Bank SA
Bloomberg News has reported that IBM would pause hiring and replace 7,800 jobs with AI. The process is set to take place during the upcoming years.
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Wed, 03 May 2023 18:35:06 GMT

United States Federal Reserve hikes rates

The US Fed has just increased its Federal Funds Rate from 5.00% up to 5.25%. The markets expected a 0.25% increase. The markets reacted to the news with an initial decline of the value of the US Dollar against other financial assets.

Thu, 04 May 2023 14:30:08 GMT

Morgan Stanley lays off employees

Reuters has revealed that Morgan Stanley intends to reduce costs by firing 3,000 employees during the second quarter of 2023.

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