Wall Street is upping its expectations for rate hikes — and a recession
Markets in recent days have accelerated their expectations for rates, but even that may not be enough.
Why Goldman’s consumer ambitions failed, and what it means for CEO David Solomon
As Goldman’s Marcus morphed from a side project to a focus for investors, the business expanded and ultimately buckled under the weight of Solomon’s ambitions.
UK and EU agree to crucial Northern Ireland trade deal in Brexit breakthrough
The U.K. and European Union on Monday reached a deal over post-Brexit trading arrangements in Nothern Ireland.
Chinese tech giant Xiaomi debuts prototype augmented reality glasses joining Microsoft and Google
If Xiaomi officially launches the product, it will join the likes of Microsoft’s HoloLens and the Google Glass Enterprise as AR products on the market.
Huawei spin-off Honor launches $1,690 foldable smartphone in challenge to Samsung, Apple
The Honor Magic Vs marks the Chinese firm’s ambition to expand into the latest smartphone technology — foldables — at the high-end of the market.
Fisker confirms Ocean EV deliveries will begin in spring, it’s on track to build more than 40,000 in 2023
Fisker had “approximately 65,000” reservations for the Ocean SUV, up slightly from “over 62,000” as of its prior earnings report.
Telecom giant Ericsson says Europe’s industry structure is ‘probably unsustainable’
Swedish telecom company Ericsson warned Europe’s industry structure is likely unsustainable, calling for consolidation across the region.
BMW launches demonstration fleet of hydrogen cars that use fuel cells from Toyota
BMW is one of several automotive firms looking into the potential of hydrogen.
New quake hits Turkey, toppling more buildings: 1 killed
A magnitude 5.6 earthquake shook southern Turkey on Monday — three weeks after the region was devastated — causing some already damaged buildings to collapse.
A South Korean telecom giant wants to launch flying taxis in 2025 and expects it to be big business
Last year, SK Telecom and U.S. firm Joby Aviation inked a tie-up to develop air taxis for the South Korean market.
