Core Costs to Keep the Inflation Red Hot?

Following a 0.7% price hike in June, core prices saw a leap of 0.3% in July, according to the Labour Department’s CPI. Consumer prices have climbed 8.5% from last year, down from a four-decade-long record of 9.1%, keeping the annual increase at 5.9% after three straight monthly declines. The ever-concerning rise in the price of …

A Dissipating Red Wave on the Horizon

With Election Day approaching in less than 100 days, the Red Wave fails to make the previously predicted impact in Congress. In midst of the falling ratings for Biden, Republicans have spent over a year waiting to pick up more seats and making plans for 2023 and beyond. Having more than a few tricks up …

US Commerce Department Passes Funding Bill

In an attempt to control semiconductor-manufacturing companies from using subsidies for their personal growth and agenda, the US Commerce Department has decided to put a cap on the government subsidies that semiconductor firms use. Before the US Commerce Department limited government subsidies, the legislation provided US$52 billion to improve and boost the chip industry. The …

Elon Musk Clinched a Deal to Acquire Twitter for $44 Billion with Interesting Plans for the Future

On April 24, 2022, Twitter announced that it had struck a definite deal with Elon Musk regarding its acquisition. The Tesla CEO is all set to buy out the social media giant for $54.20 per share in cash, valuing the company at around $44 billion. The agreement between Twitter and Musk has sparked debates about …

Unsettlement Over Inflation And Onset Of Recession in 2022

A vast majority of the American population is losing sleep over the ever-rising gas prices and the growing unaffordability of everyday essentials. Inflation has been increasing for nearly a year. Although the broader recovery has been going exceptionally well, Americans’ confidence in the economy has plummeted and is now near an 11-year low. We are …

Amazon Achieves Another Milestone With A Thriving Ad Business

Amazon has successfully added another feather to its cap with a rapidly growing advertising business. It has been consistently outperforming well-known names in the field, such as Facebook and Google. In 2018, Amazon’s ad revenue more than doubled year on year, reaching $10 billion. Analysts predict that it will grow significantly in the coming years. …

Infosys Pulls Out of Russia following Moscow’s invasion of Ukraine

Infosys reported a 12% increase in March’s quarter net profit and said it is pulling its business out of Russia, joining a growing list of companies leaving the country in the aftermath of Moscow’s invasion of Ukraine. On Wednesday, Infosys CEO and MD Salil Parekh stated that the company will not work with any Russian …

Latest Chief Information Officer(CIO) Appointments in India, 2022

Digital transformation is a business-led, technology-enabled approach to competing and succeeding through information-enhanced products, services, and operational competencies. With the increased use of IT and computer technology in businesses, the number of CIOs who oversee the computer systems required to support the organization’s unique objectives and goals has increased significantly. We have curated a list …

Tesla Omits a Steering Component to Contrive with Worldwide Chip Dearth

On the verge of their fourth-quarter sales, alongside nursing the deficiency of chip shortages, Tesla designed a cutback in one of their steering components for specific models of their cars. The news of this alteration was not instantly disclosed, but it had already affected tens of thousands of cars delivered to Australia, China, the United …

USDA to Devote $1 Billion on Agricultural Approaches to Curb Climate Change

When US President Joe Biden stated his concern about global warming and how current agricultural approaches are instigating a detrimental outcome, USDA decided to invest $1B in farmers, ranchers, and forest landowners. This amount is directed towards altering the incorporated agricultural methods that will sequentially restrain the climate-changing greenhouse gas emissions or those that hold …