Dollar bounces back as the views of trade negotiations were capricious

Dollar bounces back as the views of trade negotiations were capricious

US stocks rebounded from the early sharp decline in overnight trading on Wednesday after the report indicated that the US-China trade war might make progress. According to Bloomberg News, the White House may suspend tariff increases that were scheduled to take effect next week. In addition, it may implement the currency deal with China that was previously agreed. Bloomberg said that these measures would be part of the first phase of the agreement with China. Further negotiations on key issues such as intellectual property rights and compulsory technology transfer will…

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HP Plans To Lay Off Up To 9,000 Workers As Part Of Major Restructuring

HP Plans To Lay Off Up To 9,000 Workers As Part Of Major Restructuring

HP Inc. is planning to lay off a significant portion of its workforce, as much as 16 percent, in a major restructuring plan that will save around USD 1 billion by the end of fiscal 2022, the computing and printer giant said at its annual securities-analyst meeting. The last disclosed figure about employees showed that HP had 55,000 employees as of a year ago. Which means it could slash 7,000 to 9,000 jobs over the next three years. The changes are being shepherded by incoming Chief Executive Enrique Lores who…

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China Trade Talks Set Have Set To Resume On October 10

China Trade Talks Set Have Set To Resume On October 10

The ongoing trade war tension between two large countries, the US and China are getting slow down. Because both countries officials have decided to meet for a trade talk again. The US and China have indulged themselves in a trade war for a long time, and it’s affecting both countries economy. Now a recent report shows that US-China has decided to give another chance to trade talk. Both countries officials will be meeting to discuss trade issues which they are facing for a long time. The meeting is scheduled to…

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WeWork’s fiasco to threaten the rich and powerful of Silicon Valley

WeWork’s fiasco to threaten the rich and powerful of Silicon Valley

Silicon Valley is trying to blame WeWork for its demise but itself. Knives are designed for the most controversial investors of Silicon Valley. WeWork’s valuation plummeted and its CEO, Adam Neumann, was dismissed on Tuesday, which caused SoftBank to suffer new setbacks. The name of Softbank has become synonymous with whether or not Silicon Valley is indeed in the financial bubble. WeWork’s largest external shareholder, Softbank, is one of the thousands of investors who support Silicon Valley start-ups. However, no company can reshape the entire technology investment field like Softbank,…

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