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Tech companies saw exceptional growth in both revenue and employee headcounts through the pandemic. But now, they’re cutting thousands of jobs. WSJ explains the macro and micro reasons for the industry’s massive layoffs.
Made in China. It’s a common phrase known by many. Cell phones, TV screens and game consoles are just some of the millions of electronics manufactured and imported from China to the U.S. daily.
San Francisco International Airport was named WSJ’s best large airport this year, thanks in part to a $2.5 billion upgrade of its Harvey Milk Terminal 1. WSJ toured behind-the-scenes operations and tested the amenities to see what makes SFO stand out.
For years, BlackBerry was the most popular smartphone brand in the U.S. After failing to adjust to the rapidly-changing industry and falling to competitors like Apple and Google, the company pivoted to an entirely new direction.
Taking a train in the U.S. is often more expensive than flying and more expensive than intercity train systems in other developed countries, which often have even faster trains and better service.
The cleanest way to run a scam is to be nowhere near the scene of the crime. ATM skimming devices make that possible.
In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected.
Long Covid is not just changing the lives of those affected, but it is proving to have a significant impact on the American labor force and economy. About a quarter of the roughly 16.3 million working-age Americans currently suffering from long Covid
After two years of a chip shortage, we are now finding ourselves in a chip glut. What does a deepening oversupply of semiconductors mean for the industry? WSJ explains what led to this point.
Tankers carrying liquefied natural gas are floating off Europe's coast, waiting for the price of the fuel to rise. WSJ explains how the tankers are Europe’s attempt to address the energy shortage and what it might mean for the continent this
Despite the rise of sophisticated crypto frauds and ransomware plots, phone scams continue to trick Americans out of tens of billions of dollars each year.
Europe has expanded its cybersecurity rules around airline flight safety. And for the first time, the requirements cover a range of companies in the aviation supply chain.
Normally the Federal Reserve makes a profit from its balance sheet, but with higher interest rates it is now in the red. WSJ explains how the Federal Reserve makes money, what it does with it, and what happens now.
Americans look to the country’s most powerful bank, the Federal Reserve, to combat inflation. But the Federal Reserve does not have to take on the battle alone. Fiscal policy enacted by Congress and power wielded by big business can help fight rising cost
Musk made a bid for the company in April, then tried to abandon the deal in July. Elon Musk has purchased Twitter, ending a monthslong saga over whether or not he would go through with his offer to acquire the social media platform.
Why does New York City have so many fake buildings? What’s their purpose? We looked into it.
One of world’s favourite drinks is under threat from global warming. The world’s top coffee producing nations all lie at similar tropical latitudes, where even small rises in temperature are forecast to have severe consequences for people and agriculture.
New Jersey is the only state in the U.S. that doesn’t allow customers to pump their own gas — anywhere. There’s always an attendant on duty to pump gas for customers at these full-service stations.
The war on skyscraper shadows has been passionately waged for years. Between light and shade, their significance is intensely debated. But in the shades of gray, what else are we losing in our cities?
What began as a small Canadian yoga wear company for women, is today a multibillion-dollar activewear brand with 600 stores in the U.S. and Europe, and a diversified portfolio extending into menswear, an at-home fitness program, Mirror, and footwear.
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“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
World Happiness Report 2024
The top 10 countries have remained much the same since before COVID. Finland is still top, with Denmark now very close, and all five Nordic countries in the top 10. But in the next 10, there is more change, with the transition countries of Eastern Europe rising in happiness (especially Czechia, Lithuania and Slovenia). Partly for this reason the United States and Germany have fallen to 23 and 24 in the rankings. - A partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and the WHR’s Editorial Board. Read more
ChatGPT Statistics - Users, Revenue (March 2024)
ChatGPT has over 180.5 million monthly users as of March 2024. Nearly 15% of the ChatGPT users are from the United States. More than 92% of Fortune 500 companies are using ChatGPT. atGPT is forecasted to generate a revenue of $1 billion in 2024. 53% of the readers failed to identify ChatGPT written content as AI-written. – From Demandsage.com
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
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