Author: News Room

In recent years, the freelance sector has received lots of adoption as more people escape the traditional 9-to-5 work sphere.While numerous freelance marketplaces are available, most of them are Web2-based and often feature inconsistent employment, a lack of skilled personnel, high fees, and slow withdrawals.However, DeeLance, a new decentralized project, aims to solve these challenges. The revolutionary platform provides a seamless hub where freelancers and recruiters can connect, share portfolios, and exchange secured financial rewards for completed tasks or services. With its native token, $DLANCE, now on presale, a large buzz has been generated among investors as they seek to know what…

Australian broadcaster Sky News has left TikTok because of security concerns that have led several Western governments to ban the video app on devices used by officials. In an article published on the Sky News Australia website Monday, digital editor Jack Houghton said the security risks posed by the “Beijing-controlled platform” were “too great for any serious news publisher.” “TikTok is a spy network masquerading as a social media platform which has been proven to illegally pilfer the data of journalists, public citizens and politicians,” Houghton wrote. “We urge [media organizations] to consider this dilemma and stop trading security and…

Check out the companies making headlines in premarket trading.Micron Technology – Shares jumped more than 6% following news that Samsung Electronics plans to cut memory chip production near term. Many Wall Street analysts said the move could accelerate a recovery within the memory chip industry.Pioneer Natural Resources – The stock popped 7% before the bell after the Wall Street Journal reported that Exxon Mobil has held informal talks to acquire Pioneer. Exxon shares fell 0.6%.Tesla – The electric vehicle stock fell nearly 2% before the bell. Tesla said it plans to build a “megapack” battery factory in Shanghai and cut…

Apple’s worldwide computer shipments fell 40.5% year-over-year in the first quarter of 2023, amid a broader contraction in consumer demand, according to research firm IDC.All five of the largest computer makers — Apple, ASUS, Dell, HP and Lenovo — saw double-digit drops in first-quarter shipments, reflecting weaker demand and persistent inventory woes. But Apple’s decline was the biggest of the bunch.Apple’s worldwide PC market share fell between the first quarter of 2022 to the first quarter of 2023, from 7.2% to 8.6%, according to IDC data. The company shipped 2.8 million fewer devices year-over-year in the first quarter of 2023,…

Pharmaceutical giant Johnson & Johnson JNJ wants to do a one-time lump sum payment of at least $8.9 billion to thousands of talc-powder claimants. J&J is still facing more than 38,000 cases that allege its talc products including baby powder caused cancer. For Black women, who were selected by J&J as “the right place” to sell more baby powder to, specifically targeting “under-developed geographical areas,” this is perhaps an opportunity for financial reciprocity. The Breakdown You Need To Know: J&J planned to dance a “Texas two-step” through its subsidiary, LTL Management, as part of a legal strategy that allows companies…

Before 2017, China was the best thing in the world to corporate America, Wall Street and to many lawmakers and lobbyists on Capitol Hill. Trump changed all that. Biden kept apace with the Trump-era China strategy, even going harder on export restrictions and capital market sanctions. Companies like BlackRock BLK and Vanguard have had to sell millions of shares in Chinese companies listed here and abroad because they were deemed too close to the military. Then Covid happened. China locked down. Everything was a mess. Companies that love doing business in China realized they needed to source from other places,…

Key Takeaways Exxon Mobil believes that over the next decade, low carbon investments could be worth more than their traditional oil producing business Most energy producers are now putting greater investment into green technology, such as biofuels, hydrogen, wind and solar, though it still makes up a minor part of their revenue Oil companies stock has performed very well over the last year with Exxon Mobil stock up 37.21% Exxon Mobil is predicting that the market for low carbon clean energy is going to be worth trillions over the next decade. That might not come as a massive surprise to…

By Giuseppe Fonte ROME (Reuters) -Italy’s government plans to cut its 2024 economic growth forecast, people familiar with the matter said, as it weighs the negative impact of rising interest rates and difficulties in spending EU post-COVID recovery funds. Rome will publish new estimates next week for this year and next in its Economic and Financial Document (DEF), which will also carry a warning that the delays in investing those European Union transfers are likely to worsen, two sources said. Italy last November targeted a growth rate for the euro zone’s third-largest economy of 0.6% this year and 1.9% in…

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries about a banking crisis revived investors’ appetite for riskier currencies. Investors took solace from First Citizens BancShares’ agreement to buy all of failed lender Silicon Valley Bank’s deposits and loans, and the fact that no further cracks have emerged in global banking in recent sessions. The , which measures the currency against six rivals, was 0.31% lower on the day at 102.43, inching closer to the near seven-week low of 101.91 touched on…

By Stephanie Kelly and Liz Hampton (Reuters) – OPEC’s surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia and could encourage some other producers to boost output, industry executives and analysts said on Monday. On Sunday, the Organization of the Petroleum Exporting Countries and allies pledged to cut production beginning next month by 1.16 million barrels per day (bpd). Oil prices jumped over 6% on Monday, with futures topping $80 per barrel. Middle East producers’ curbs will leave markets short by an average of 2.3 million bpd in the second half of 2023,…