JPMorgan’s acquisition of Frank founder Charlie Javice is causing legal troubles and cutting off her funding sources. TWC – Charlie Javice, the founder of Frank, a financial aid site, who sold her company for $175 million, is now running out of money. Javice is fighting multiple lawsuits, one against JPMorgan Chase, the company that acquired […]
Audio-based social media app aims to launch the next evolution of its product TWC – Clubhouse, the audio-based social media app that quickly gained popularity during the pandemic, has announced that it is laying off half its workforce to refocus on product development. In a Thursday email to employees, founders Paul Davison and Rohan Seth […]
Amazon’s Q1 earnings beat expectations, but cautious comments regarding AWS customers’ optimizations resulted in a slowdown in growth and a 2% drop in share prices. TWC – Amazon reported its first-quarter earnings on Thursday that exceeded expectations and initially led to increased shares. However, the slowdown in Amazon Web Services (AWS) cloud unit due to […]
To ease affordability for locals and cool the red-hot housing market, Singapore has doubled its tax rate for foreign property buyers. TWC – Singapore’s government is implementing measures to cool its red-hot housing market, including increasing property taxes to ease locals’ affordability and maintain its financial hub competitiveness. In a statement, the government announced that […]
Prime Minister Datuk Seri Anwar Ibrahim dismisses claims of ulterior motives, says the open house is not a waste but a government programme TWC – Prime Minister Datuk Seri Anwar Ibrahim has dismissed claims that the Madani Aidilfitri open house organised in six states has ulterior motives, stating that it is a government programme aimed […]
BOJ confirms effects and side effects of monetary easing policy for future operations at the monetary policy meeting Kyodo News Agency, April 28 – The Bank of Japan has decided to maintain its current large-scale monetary easing policy at its monetary policy meeting on the 28th. The decision was made unanimously by the nine policy […]
Private Enterprises Take Center Stage in National Worker Pioneer Commendation Conference Beijing hosted the National Worker Pioneer Commendation Conference and celebrated the “May 1” International Labor Day on April 27, 2023. The event recognized individuals and groups for winning the National May 1st Labor Award, National May 1 Labor Medal, and National Worker Pioneer. The […]
China’s digital economy is set to grow significantly with a nominal annual growth rate of 10.3%, accounting for 41.5% of GDP, per the Digital China Development Report (2022). The latest report from Mainland China shows that the digital economy’s scale is expected to reach 50.2 trillion yuan in 2022, securing the second spot in the […]
Andreessen Horowitz, Iconiq, and Menlo Ventures invest in Pinecone’s AI platform for vector data storage Pinecone Systems Inc. has raised $100 million in a funding round, with participation from Andreessen Horowitz, Iconiq, Menlo Ventures, and Wing Venture Capital, valuing the AI platform at $750 million. The New York-based startup provides vector data storage for large […]
Uber Freight Carrier Card now available for Fuel purchases Uber Freight, the shipment marketplace, has launched a fintech tool called the Carrier Card, which can be used to make fuel purchases through the company’s platform. Powered by AtoB, a fleet card management platform, eligible carriers in Uber Freight’s network can now handle their fuel expenses […]