BUSINESS

Oct 18 2024BUSINESS

China's Economy: Stable Growth, More Stimulus

China's economy grew by 4. 6% in the third quarter, the slowest pace in six quarters. This news came with a surprise: the country's central bank announced two new programs to boost the stock market. These programs could inject around $112. 6 billion into the market. This happened even as China's sta

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Oct 18 2024BUSINESS

Amazon's CEO: Love the Office or Leave

Amazon's top boss at AWS, Matt Garman, has some advice for employees who aren't keen on the new 5-days-a-week office policy starting in January: find a new job. At a recent meeting, he said that nine out of ten workers he's talked to are happy with this change. Garman believes that in-person interac

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Oct 18 2024BUSINESS

Elon Musk's Driverless Taxis: Hurdles on the Road Ahead

Elon Musk has big plans for the future of transportation. He recently showed off 20 Cybercabs, which are designed to take passengers from point A to point B without a driver. These cars can only hold two people, which is a bit odd for a taxi. Musk hopes to start making these cars in 2026 or 2027. Bu

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Oct 18 2024BUSINESS

Biotech Moves: Layoffs, Deals, and Drug Concerns

Let's take a look at what's been happening in the biotech world today. Sage Therapeutics is cutting its workforce by a third and changing its leadership. Why? Recent clinical trial failures have likely played a role. Over in Australia, regulators have rejected Eisai and Biogen's Alzheimer's drug, L

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Oct 18 2024BUSINESS

What's Next for Netflix Prices? Execs Talk Strategy

Netflix execs have been busy discussing something that’s on everyone’s minds—price hikes! Co-CEO Greg Peters shared some insights during their latest earnings call. He said their pricing strategy has stayed steady over the years. They aim to provide more value to members every quarter. Only then do

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Oct 18 2024BUSINESS

The New Face of Energy: Amazon Picks Nuclear

Amazon Web Services (AWS), the leading cloud computing provider, plans to invest $500 million in nuclear energy projects. This move follows similar announcements by Google and Microsoft. AWS is partnering with Virginia's Dominion Energy to develop small modular nuclear reactors (SMRs). Nuclear energ

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Oct 18 2024BUSINESS

Big Companies' Finance Chiefs Chat About AI's Impact

At a recent summit, four major companies' finance chiefs discussed the impact of artificial intelligence (AI) on their businesses. Elena Gomez, the CFO at Toast, a cloud-based restaurant management software company, shared her thoughts on how AI could change their workforce. She mentioned that busin

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Oct 18 2024BUSINESS

Can EMAS Expand Guernsey Airport's Options?

Guernsey Airport might soon welcome bigger planes. How? Thanks to a Swedish safety system called EMAS. This tech can stop planes if they go past the runway, making it safer for larger aircraft to land. Right now, Guernsey Airport, the biggest on the Channel Islands’ Bailiwick, can only handle smalle

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Oct 18 2024BUSINESS

Nvidia's Stock: A Gravity Check

Nvidia Corporation (NASDAQ: NVDA) has been on a roll, with its stock price soaring by nearly 17% since the last Hold rating. But is this growth sustainable? Analysts like Oliver Rodzianko are warning that even the best stocks can't defy the laws of gravity for long. They predict a significant drop i

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Oct 18 2024BUSINESS

Tiger Woods' Logo in Hot Water: A Cool Tech Company Fights Back

Ever heard of Tigeraire? They're a cool-air tech company from Louisiana that's making waves in the sports world. It's not just about their personal cooling devices; they're also in a heated battle over a logo. Tigeraire says Tiger Woods and his golf apparel company, Sun Day Red, are using a logo tha

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