Get ready for a prolonged downturn that’s worse than 2000 or 2008, billionaire VC Doug Leone says
Sequoia Capital partner Doug Leone warned today’s economic downturn was “more difficult and more challenging” than recessions in 2000 and 2008.
Google has avoided mass layoffs so far, but employees worry their time may be coming
Google employees say recent actions taken by executives is leading to increased anxiety that job cuts are on the way.
Russia relaunches Soviet-era Moskvich car brand using a former Renault plant
Production of the Soviet-era Moskvich car relaunched in Russia on Wednesday at a former Renault factory.
Brits are starting to think again about Brexit as the economy slides into recession
As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.
The stock market is poised for a Santa Claus rally, but not until after the Fed meets
Stocks could chop around for several weeks before moving higher in a traditional year-end Santa Claus rally, said analysts who follow charts.
Scotland cannot hold an independence referendum without UK government approval, top court rules
The U.K.’s Supreme Court on Wednesday told the Scottish government it cannot hold a fresh independence referendum without the U.K. government’s consent.
Europe’s gas price cap leaves some nations dismayed, saying it’s far too high
Introducing a cap on gas prices has been one of the more controversial measures for Europe amid an acute energy crisis following Russia’s invasion of Ukraine.
Bitcoin bounces off 2-year low even as traders remain cautious after FTX collapse
Cryptocurrency investors are worried about contagion from the FTX fallout and are looking for signs of other entities that may have had exposure to the exchange.
Baidu claims its robotaxis rival traditional ride-hailing in parts of China
Chinese tech company Baidu said its robotaxi business in large cities is close to gaining the same traction with locals as traditional ride-hailing services.
Malaysian king searches for prime minister to end deadlock
Malaysia’s king met with lawmakers Wednesday and will next consult other royal families in a continuing search for a prime minister after inconclusive general elections.
