Key Points: U.S. stocks declined following a higher-than-expected rise in wholesale prices in January. The U.S. producer price index increased by 0.3%, surpassing economists' forecasts. Rising Treasury yields and concerns about inflationary pressures weighed on equities. Investors await further commentary...
Key Points: Nike plans to reduce its workforce by 2%, resulting in over 1,500 job cuts. The decision is part of a broader restructuring effort to reallocate capital to growth areas like running, women's, and the Jordan brand. Layoffs will occur in two phases, with specific timelines varying by region. Nike pledges comprehensive support services...
Key Points: Rakuten Mobile plans to launch a satellite-to-mobile service in partnership with AST SpaceMobile. The collaboration aims to provide direct satellite-to-mobile communication supporting voice, video, and text messaging. Leveraging LEO satellites, the initiative targets regions with limited network infrastructure and high susceptibility to natural disasters. Significant milestones include the world's first two-way voice calls...
The gig economy has emerged as a dynamic force, transforming the traditional employer-employee paradigm into a landscape of freelancers, independent contractors, and on-demand workers. This article explores the gig economy, delving into its structure, impact on labor markets, and the challenges and opportunities it presents. Gig Economy Facts Understanding the foundational facts surrounding the gig...
Key Points: Microsoft-backed OpenAI unveils Sora, a software that generates minute-long videos from text prompts. Sora is available for red...
Integrating artificial intelligence (AI) into legal systems has sparked a paradigm shift in the legal profession, revolutionizing how legal tasks...
Key Points: Nikkei 225 index surges by 0.86%, hitting a new 5-year high. Mitsui Engineering & Shipbuilding and Rakuten Inc....
Key Points: Samsung secures its first contract for 2-nanometer node AI chip production from Preferred Networks Inc. (PFN). The collaboration...
