Investing

The company is attempting to sell most of its remaining stock of Yeezy footwear at cost, instead of writing it off.

Last January, PayPal laid off some 2,000 people.

Amazon’s proposed acquisition of Roomba maker, iRobot, has been scrapped over EU antitrust regulatory concerns.

The China Evergrande Group has US$300-billion in liabilities and was put into liquidation by a Hong Kong judge yesterday. Once the largest property developer in China, the fate of Evergrande is expected to impact Australian exports.

A Hong Kong court on Monday ordered Evergrande to be wound up after more than two years since defaulting on its debts, marking another grim milestone for Hui Ka Yan, once Asia’s richest person.

Microsoft joined Apple in the highly exclusive $3 trillion club Wednesday.

About a fifth of all Americans and Canadians subscribe to Netflix, boosting the streaming titan to record 2023 profits.

Foreign affairs minister Penny Wong confirmed on Tuesday that the 2022 Medibank cyber attack was the work of a Russian citizen and cyber-criminal, Alexander Gennadievich Ermakov.

The accountants certified that Tingo Group had $462 million in the bank. The SEC says it was just $50. Short sellers are rejoicing.

Investors no longer have to go through a crypto-focused exchange to directly invest in bitcoin.