Tag: Economy
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Apple Partners With Broadcom to Build 5G Components in the US
Andrew Burton/Getty Images In a move that supports the US economy and further strengthens its technological competitive edge, Apple Inc has struck a multi-billion-dollar deal with semiconductor manufacturer Broadcom Inc. to build 5G RF components in the US. These components, which would be used in Apple devices, will be designed and manufactured at Broadcom’s Fort […]
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US Economy Slows to 1.1% Growth in First Quarter
The US economy cooled in the first quarter of 2023, registering a 1.1% growth in the period from January to March, according to the Office of Economic Analysis. This was well below the estimates of the main market surveys, which indicated a 2% rise, and a significant decline from the 2.6% registered in the fourth […]
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Bolivia fights against the shortage of dollars while the demand skyrockets
In Bolivia, the demand for dollars has skyrocketed in recent days, causing long lines at the Central Bank of Bolivia (BCB), while citizens scramble to access foreign currency. BCB staff have been working around the clock in an attempt to meet the needs of the public, but the banks simply do not have enough dollars […]
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Walmart Cuts Thousands of Warehouse Jobs Amid Difficult Year Ahead
Walmart recently announced it will be laying off more than 2,000 employees at five US warehouses that fulfill website orders. The retail giant is cutting jobs in Texas, Pennsylvania, Florida, and New Jersey, citing the need to adjust staffing levels to better prepare for the future needs of customers. The news of the job cuts […]
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