Google’s parent Alphabet plans to slow its pace of hiring due to the economic slowdown triggered by the coronavirus pandemic. In a memo to staff on Wednesday (April 15), chief executive officer Sundar Pichai said that aside from slowing down new hires until after the...
China’s economy grew by 6.1 percent in 2019, the lowest growth rate in the country since 1990, according to reports on Friday (Jan. 17). Between the two-year trade war with the U.S., rising debt and domestic challenges facing the world’s second-largest economy, the gross domestic...
Chinese online finance giant Ant Financial, headed by billionaire Jack Ma, is seeing an uptick in the desire for credit among small and medium businesses despite the economic slowdown in China, Bloomberg reported on Thursday (Oct. 17). Chairman Eric Jing told Bloomberg that the private...
Economic growth in China is at a near-30-year low in the third quarter as tariffs start to negatively affect factory production, Reuters reported on Thursday (Oct. 17). The slowdown was worse than anticipated — gross domestic product (GDP) growth was the slowest it’s been since 1992,...
May 31, 2019
All eyes were on Uber's first quarterly report as a publicly traded company. Management pointed to some improvements in the competitive pricing dynamics in ridesharing that may help soothe red ink (even as growth slowed on a year-over-year basis, and saw synergies forming between ridesharing and Uber Eats, which doubled from a year ago. Here’s the four-star rundown.
January 30, 2019
In Q4, eBay saw deceleration into the end of the year, in part, on macro headwinds internationally as buyer volumes slowed, but still logged growth in active buyers, as well...
April 16, 2020
Google’s parent Alphabet plans to slow its pace of hiring due to the economic slowdown triggered by the coronavirus pandemic. In a memo to staff on Wednesday (April 15), chief executive officer Sundar Pichai said that aside from slowing down new hires until after the new year, the company is also implementing cost-cutting measures and […]
January 17, 2020
China’s economy grew by 6.1 percent in 2019, the lowest growth rate in the country since 1990, according to reports on Friday (Jan. 17). Between the two-year trade war with...
October 18, 2019
Chinese online finance giant Ant Financial, headed by billionaire Jack Ma, is seeing an uptick in the desire for credit among small and medium businesses despite the economic slowdown in...
October 18, 2019
Economic growth in China is at a near-30-year low in the third quarter as tariffs start to negatively affect factory production, Reuters reported on Thursday (Oct. 17). The slowdown was...
