Business and Technology
Is The Ride Over?
After a first quarter of the year marked by optimism, with jubilant celebrations over the bright future of the tech industry, reality takes hold. Recent statements by Fed leaders and recent developments on the world stage have reminded overly excited investors that there is still high inflation and a war in the Middle East.
A Rocket That Has Lost Its Fuel
The market has, by all means, had a great start to the year. Nvidia has doubled. The Dow has repeatedly come close to breaching a historic 40,000 level. The Nasdaq has risen 11%. The S&P has risen by close to 10%.
But there’s an important catch to this market rally.
OpenAI’s Revolution For The World
OpenAI has already taken the world by storm, with its era-defining ChatGPT, which has inspired a lot of major tech companies to follow in its footsteps. OpenAI’s thrusting of AI into the public consciousness has indirectly allowed it to indirectly power the stock market for nearly a year.
A New Era of Uncertainty?
Analysts believe that what is happening now is a shift in the market narrative. A fear of higher-for-longer interest and bond rates has turned into increasing hope for rate cuts and a gentle economic landing, with low inflation data throwing that shift into overdrive.
What’s The Future of Work After WeWork?
What started out as a revolution in how people work has ended in a burst of flame as WeWork filed for bankruptcy last week. The co-working company, which was once valued at $47 billion, faced increasing obstacles that eventually proved too difficult to overcome, causing the stock to fall by around 99%. At the time of its bankruptcy, WeWork was only worth $50 million.
Markets Cheer The End of A Troubled Era
Thursday marked a period of raucous celebration on Wall Street, as comments from the Federal Reserve on Wednesday increased hopes of an end to a two-year long period of rapid rate hikes.
Big Tech’s Meltdown
Wednesday, Oct. 25, was supposed to be a celebration for tech investors — the earnings report of two of the largest tech companies in the world exceeded expectations in both revenue and profit.
Inside A Controversial British Healthcare Contract
The United Kingdom’s National Health Service has recently been exploring ways to improve its data management systems.
UAW Doubles Down On Strikes, With Growing National Consequences
United Auto Workers President Shawn Fain started the week by lauding productive talks with Ford, strikes by the UAW began to expand to other companies as the week progressed, as well as into some of Ford’s core facilities.