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| Amazon to add 3000 new jobs |
1/27/2021 |
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The hires announced Tuesday will double the workforce in Amazon's Boston tech hub, with new jobs spread across Alexa, Amazon Web Services, Amazon Robotics, and Amazon Pharmacy.
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| IMF predicts 5.5% economic growth due to availability of Corona vaccine |
1/27/2021 |
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The vaccines should contain the spread of the virus and allow governments around the world to ease lockdowns and encourage a return to normal economic activity. The world economy also got a boost from government stimulus programs late last year in the United States and Japan.
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| Shell Oil quietly gets into EV charging business |
1/26/2021 |
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Shell is buying ubitricity, a major provider of electric vehicle charging points in Europe. Shell said Monday that it would buy a 100 percent stake in the Berlin-based startup, without disclosing the price.
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| Budweiser sits out Super Bowl |
1/26/2021 |
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Instead, Budweiser is donating the money it would have spent on the ad to coronavirus vaccination awareness efforts.
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| Samsung intend to build 3 nm fab in Austin |
1/25/2021 |
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The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, Texas, capable of fabricating chips as advanced as 3 nanometers in the future, people familiar with the matter said.
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| ISM projects Manufacturing Capital Expenditure to to increase by 2.4% |
1/22/2021 |
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Capital expenditures are expected to increase by 2.4 percent in the manufacturing sector (after a 2.4-percent decline in 2020) and increase by 12.7 percent in the services sector. The manufacturing employment base is expected to grow by 2.5 percent following a decline of 2.8 percent in 2019. Growth in the second half (H2) of the year is projected to be stronger than in H1.
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| Jobless claim still high at 900,000 |
1/22/2021 |
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The government said that 5.1 million Americans are continuing to receive state jobless benefits, down from 5.2 million in the previous week. That signals that fewer people who are out of work are finding jobs.
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| 2021 CES focus on Auto Tech |
1/22/2021 |
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The automakers that did present to online audiences focused on more advanced infotainment systems and the continued evolution of electric vehicles, some of which you'll be able to see on dealer lots by this year.
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| MediaTek to use TSMC’s 6-nanometer technology for 5G smartphones |
1/21/2021 |
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Taiwan’s MediaTek appears to be one of the first high-volume customers for the technology and is among a handful of companies with modem technology to connect phones to mobile data networks, competing against Qualcomm Inc and Samsung Electronics Co Ltd.
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| Jack Ma broke silence after 2 months of disappearance |
1/21/2021 |
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The normally voluble Ma disappeared from public view after he irked regulators by criticizing them in an Oct. 24 speech at a Shanghai conference. Days later, regulators suspended the planned multibillion-dollar stock market debut of Ant Group.
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| Trump pardoned Google engineer who stole company car secret |
1/21/2021 |
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Before leaving, Levandowski downloaded a trove of Google’s self-driving car technology, leading eventually to 33 counts of intellectual property theft against him. He plead guilty to one count and was sentenced to 18 months in prison last summer.
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| Signs are the country is on the cusp of a kind of boom |
1/20/2021 |
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“If the economy is improving substantially by spring or early summer, that might actually help Biden get more of his agenda done ... because success can beget success," said Jason Furman, who was top economist for the Obama administration.
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| Janet Yellen warned of a deep pandemic-induced recession |
1/20/2021 |
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“Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later,” Yellen said in testimony prepared for her confirmation hearing Tuesday before the Senate Finance Committee.
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