The DreamWorks Animation company (NASDAQ: DWA) intends to reduce a large number of employees in order to reduce costs. The exact number of people who will lose their jobs is not yet known, but this figure is likely to exceed 350 layoffs that took place in 2003.
Samsung Electronics will divide the shares to make them available to ordinary investors, while the drop in profits continues to put pressure on the company. After lowering quarterly profits, Samsung's shares (OTC: SSNLF) remain below the peak of 2014 $1,380. But a $2 billion buyback campaign and an increase in dividends helped the stocks recover from their lows in a few years.
Google plans to invest in SpaceX, which produces rockets and spacecraft. The goal is to support the development of satellites that could provide access to the Internet for people who are deprived of this opportunity. Google (GOOG, GOOGL) and SpaceX already have competitors: Qualcomm (NASDAQ: QCOM) and Virgin Group are investing in OneWeb, the company that will launch 648 low-Earth orbiting satellites that provide broadband data transmission.
Twitter has announced the upcoming acquisition of an Indian startup ZipDial, working in the field of marketing for mobile devices. The amount is about 30-40 million dollars. ZipDial provides its customers with phone numbers that they can use in their advertising campaigns.
Schlumberger buys a 45.65% interest in the largest Russian drilling company Eurasia for $1.7 billion and will have the opportunity to purchase the remaining shares of the company within three years of the deal's conclusion. The agreement with Schlumberger (NYSE: SLB) will require Eurasia to withdraw its depositary receipts from trading on the London Stock Exchange.
Fidelity Investments and eight other finance management companies, including BlackRock (NYSE: BLK), BNY Mellon (NYSE: BK), JPMorgan (NYSE: JPM) and T. Rowe Price (NASDAQ: TROW), are close to creating a dark liquidity pool. The project is aimed at creating a private trading platform in the interests of shareholders of mutual investment funds. The goal is to reform the exchange trade by reducing costs and eliminating high-frequency traders.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
Analytical periodical US News and World Report has presented its ranking of the best countries in the world in terms of quality of life, based on a survey of nearly 17,000 people. The list considers factors such as economic and political stability, a strong labor market, income equality, family-friendliness, safety, the quality of education, and healthcare systems. Let's find out which countries made it to the top of this list.
