Apple Offers Discount for iPhone by $70 in China
Apple has decided to offer rare discounts on its latest iPhone in China, in response to growing competition from local players like Huawei and Xiaomi.
Apple has decided to offer rare discounts on its latest iPhone in China, in response to growing competition from local players like Huawei and Xiaomi.
Microsoft has past Apple to become the world’s most valuable company once again, a position it last held in 2021. The race between the tech giants saw Microsoft’s market capitalization reach a high of $2.887 trillion, surpassing Apple’s $2.875 trillion.
Google has confirmed layoffs across its hardware, engineering, and Google Assistant teams, a restructuring effort post the pandemic. The Verge’s Sean Hollister reports that the layoffs is beyond the focus on the Google Hardware team, impacting core engineering and Assistant divisions as well.
Amazon’s Twitch, is reportedly set to lay off approximately 35% of its workforce, amounting to around 500 employees. This comes as the platform struggles with financial challenges and struggles to achieve profitability, even nine years after its acquisition by Amazon for nearly $1 billion.
The US national debt has skyrocketed to a $34 trillion, a milestone in the nation’s financial history. The pace at which this debt has accumulated questions about the economic stability that lie ahead.
Bitcoin soared above $45,000 on Tuesday, making its highest level since April 2022. The surge is attributed to a combination of factors, including optimism surrounding the approval of exchange-traded spot bitcoin funds (ETFs) and rising expectations of interest rate cuts by major central banks.
Francoise Bettencourt Meyers, the heiress of the L’Oréal empire, has become the first woman to amass a fortune exceeding $100 billion. The success of L’Oreal SA, the beauty products empire founded by her grandfather, Eugene Schueller, in 1901.
Coca-Cola has extended its partnership with the International Cricket Council (ICC) for eight years, making its status as one of the longest standing brands associated with cricket. The global partnership, from 2019 to 2031, was officially sealed at the ICC’s headquarters.
Bird has filed for Chapter 11 bankruptcy, Founded in 2017 by Travis VanderZanden, a former executive of Lyft and Uber, Bird became a pioneer in the micromobility space. However, the company’s fortunes took a turn after going public in 2021 through a SPAC merger.
Trevor Milton, the founder of electric and hydrogen-powered truck maker Nikola, has been sentenced to four years in prison for his role in defrauding investors. The sentencing took place on Monday, December 18, 2023, in the U.S. District Court in Manhattan.