Billionaire investor warns “The faster and higher things go up, the harder they fall” while talking about skyrocketed AI stocks, which will predictably lead to an inflationary economic slowdown

What you need to know DoubleLine Capital CEO Jeffrey Gundlach says the current AI wave reminds him of the dot-com era. The billionaire investor warns that the current market is grabby and momentum-driven, citing that the rush to invest in AI is a huge risk and will eventually accrue massive losses. The CEO attributed that […]

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Tim Cook Says Apple Hiring Very Deliberately Amid Economic Uncertainty

In an interview with CBS Mornings co-host Nate Burleson, Apple CEO Tim Cook confirmed that his company is taking a careful approach to hiring amid a period of increased economic uncertainty. The full interview will air on Tuesday, but a preview is available now. “So what we’re doing as a consequence of being in this […]

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Samsung aims to ship over 40 million TVs in 2023 despite economic slowdows

New reports claim that one of the biggest TV manufacturers in the world, Samsung, is eyeing to ship more than 40 million TVs in 2023. This forecast is to make sure that it cements its top spot in the TV market. While the South Korean giant believes it will be able to reach the 40 million […]

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Wearables market set for shaky period as economic downturn slows sales

The wearables market is expected to experience turbulence as a result of the global economic downturn. That’s according to the latest market forecast published by industry analysts CCS Insight, indicating that overall sales of smartwatches and fitness trackers are set to fall from 232 million shipments in 2021 to 215 million in 2022. It would […]

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Intel loses $500 million in Q2 2022, cites ‘sudden and rapid decline in economic activity’

What you need to know Intel recorded a loss of $500 million in Q2 2022. This is the first time in decades the company has posted a quarterly loss. Intel’s Accelerated Computing Systems and Graphics division lost $507 million in the quarter. Intel posted a loss of $500 million in Q2 2022. This marked the […]

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