Watchdog Clue

Tech Business Economy Updates

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Amazon Inc. plans to lay off 9,000 more workers.

The job cuts would mark the second largest round of layoffs in the amazon business' history after January layoff, the round totaled more than 18,000 layoffs primarily in its retail, devices, recruiting and human resources groups of amazon marketplace. The new Layoff, which is less than 3% of its workforce, will mostly impact people working in divisions of Amazon Web Services AWS, People Experience and Technology (PXT), advertising and Twitch. READ MORE 

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UBS takeover Credit Suisse  for $3.25 billion.

Switzerland’s biggest bank, UBS, has agreed to acquire Credit Suisse in an emergency rescue deal for $3.25 billion to curb the impact of financial market instability. It said the rescue would “secure financial stability and protect the Swiss economy". READ MORE

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Microsoft to add ChatGPT AI to its 'Microsoft365'

The tech giant Microsoft is adding the world's most advanced artificial intelligence (AI) system, ChatGPT to its software service 'Microsoft 365'. Microsoft is calling the new A.I. system 'Copilot' and said it will be available in Microsoft's most popular programs such as Word, Excel, PowerPoint, and Outlook. Read more

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First Republic Bank to get $30 bn from Wall Street banks.

Global markets rebound after 11 US lenders rescued First Republic Bank. First Republic Bank (FRC) is set to receive a $30 billion lifeline from a group of 11 America’s largest banks, including JPMorgan Chase, Bank of America. Read more

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T-Mobile to acquire Ryan Reynold's Mint Mobile for $1.35

Mint Mobile which is partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth of $1.35 billion. Read more

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#Credit Suisse share dropped , SWISS bank to provide financial aid

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Open AI Co. launched advanced AI 'GPT-4'

An AI research Company Open AI is launching new model GPT-4 succeeding ChatGPT which it says is more creative. Read More

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First Republic Bank's Shares dive sharply

First Republic bank's share prices declined sharply following the collapse of Silicon Valley bank and Signature bank. Read More

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95th Academy Award 2023 

 

The Academy of Motion Picture Arts and Sciences recently announced the recipients of its honours this year at the 95th edition of the Academy Awards (Oscar). Read more

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Permanent Daylight Saving Time In USA, Set Your Clock Forward.

 The start of daylight saving time is upon USA again, signifies that all Americans are setting their clocks ahead one hour. People of United States prepares for clocks “to spring forward” better known as Daylight Saving Time (DST). Read more

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Silicon Valley Bank's share price slump

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Weight loss drug 'Semaglutide' approved by NICE 

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International Women's Day - 8 March

International Women’s Day is celebrated on March 8 annually to recognise the contributions made by women to the society. This day is part of Women’s History Month. Read More

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World Wildlife Day : Things to know

March 3 is observed as World Wildlife Day for conservation of endangered animals and plants. this year marks the 50th anniversary of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in 1973. Read More -

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Tesla Investor's Meet : Tesla Shares Fall Ahead of Investor Day

Tech giant - Tesla has conducted Investors Day on March 1, 2023 at its Austin Texas Gigafactory discussing its long term business plans with the retail investors. But, Tesla shares dipped after the investor's meet. Have a look at full article -

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Sugar substitute erythritol may increase risk of strokes : Report

A study published on Monday  in Nature Medicine showed that a sugar substitute Erythritol , which is commonly used for Ketogenic ( Keto ) diet, is linked to many cardiovascular events including the risk of blood clotting , heart attacks and strokes- Read more

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Chicago mayoral election : Vallas , Johnson to face off in runoff

Paul Vallas and Brandon Johnson will meet in a runoff to be the next mayor of Chicago after voters on Tuesday denied incumbent Lori Lightfoot a second term making Lightfoot loses reelection bid.  Read more