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Amazon Web Services laid off hundreds of employees in its store's technology sales, and marketing divisions. The cuts affected teams working on Amazon's cashierless checkout tech, including Walk Out, Dash carts, and Amazon One palm payments. AWS moved these store teams into the cloud unit in 2022 but is now making strategic cuts as Amazon scales back some in-store applications. AWS sales growth has slowed as companies trim cloud spending high inflation and interest rates.
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Morgan Stanley analyst Adam Jonas believes Tesla's planned low-cost Model 2 car is critical to its growth targets, estimated to be over 40% of incremental volumes by 2030. A report from Reuters said Tesla has scrapped plans for the affordable Model 2 to focus on robotaxis. CEO Elon Musk denied the reports but confirmed an unveiling event for Tesla's Robotaxi on August 8th. Jonas estimates the Model 2 could account for 36% of Tesla's unit volumes, 23% of auto revenues, and 17% of total revenues by 2030. Scrapping Model 2 plans raises questions if China has too many affordable EV options already or if a Model 2 wouldn't be a major growth driver.
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Urban sprawl is a phrase we most often associate with bad commutes and damage to local ecosystems, however now experts say it also mirrors the growth of cancer. And it all has to do with the invention of better transportation systems. Veuer’s Tony Spitz has the details.
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Hyundai's Genesis luxury brand has grown exponentially since launching in the US nearly eight years ago, surpassing skeptics' expectations. Genesis sales have increased from under 7,000 vehicles in 2016 to over 69,000 in 2023, and executives expect double-digit annual growth for the next five years. The brand has overtaken Nissan's Infiniti in US sales and continues to outpace the overall luxury market. New performance \
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Disney's annual shareholder meeting saw Bob Iger declare victory over Nelson Peltz's board challenge following the vote. Iger presented a pre-taped video from Disneyland emphasizing the company's recovery and future growth plans. Peltz and other activists scrutinized Disney's finances, but Iger argued the company has \
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A woman who grew facial hair aged 13 and spent $10k on laser hair removal has now accepted her beard and says it doesn't \
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Former US Under Secretary of State for Economic Growth, Energy, and the Environment Robert Hormats speaks to CGTN Europe about the complexities of the US-China economic relations as the US Secretary of the Treasury Janet Yellen's visit to China concludes.
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$14.2 trillion, on Forbes’ 2024 World’s Billionaires list—but not everyone is celebrating. An unlucky quarter of those on the ranking are poorer than they were in 2023. And 189 people fell below the $1 billion threshold, losing their membership to the three-comma club entirely.<br/><br/>These billionaire drop-offs include moguls behind some notable brands, such as Estée Lauder heir Gary Lauder; Hajime Satomi, former CEO of Japanese gaming company Sega Sammy; and David Tran, owner of the company behind Sriracha hot sauce.<br/><br/>The overwhelming majority of the losses came from China, one of the few huge markets to sputter in an otherwise-positive year amid fallout from slower economic growth, a property market glut, a decline in foreign investment and rising geopolitical tensions. China shed 133 billionaires (including Hong Kong and Macau) since last year’s list. That includes Tang Binsen, founder of the sparkling water company Chi Forest; Hui Ka Yan, chair of embattled real estate developer Evergrande Group; and copper and cable magnate Wang Wenyin, who was worth $19 billion a year ago but dropped from the list after a Chinese court froze his shares of metals company Amer International Group.<br/><br/>The United States, meanwhile, which has the most billionaires of any country, only saw eight billionaires drop from the ranks, followed by Japan (6) and Russia (5).<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/richardjchang/2024/04/02/heres-who-fell-off-forbes-2024-billionaires-list/?sh=5134cd861fd0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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China's Minister of Commerce Wang Wentao said China's rapid growth in EVs is due to \
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US Job Market , Stays Strong Despite , Widespread Layoffs.<br/>'Newsweek' reports that government job cuts are at the highest <br/>they've been since September of 2011, with the most recent <br/>wave of layoffs hitting Army and Veterans Affairs offices.<br/>The latest data from job search and coaching firm <br/>Challenger, Gray & Christmas, Inc. comes amid <br/>job losses in different industries across the U.S. .<br/>Government agencies cut <br/>over 36,000 jobs in March, <br/>with 10,000 layoffs coming <br/>from Veterans Affairs.<br/>Overall, over 90,000 positions were <br/>eliminated by employers last month, <br/>a 7% increase from February's numbers.<br/>Layoffs certainly ticked up<br/>to round out the first quarter, <br/>though below last year's levels. <br/>Many companies appear <br/>to be reverting to a <br/>'do more with less' approach, Andy Challenger, workplace and labor expert at <br/>Challenger, Gray & Christmas Inc., via 'Newsweek'.<br/>Since the beginning of 2024, technology firms <br/>cut over 42,000 positions, with tech companies <br/>reducing over 14,000 positions in March alone.<br/>While Technology continues to <br/>lead all industries so far this year, <br/>several industries, including Energy <br/>and Industrial Manufacturing, are <br/>cutting more jobs this year than last, Andy Challenger, workplace and labor expert at <br/>Challenger, Gray & Christmas Inc., via 'Newsweek'.<br/>While Technology continues to <br/>lead all industries so far this year, <br/>several industries, including Energy <br/>and Industrial Manufacturing, are <br/>cutting more jobs this year than last, Andy Challenger, workplace and labor expert at <br/>Challenger, Gray & Christmas Inc., via 'Newsweek'.<br/>Q1 of 2024 also saw financial firms cut <br/>positions, slashing nearly 29,000 jobs.<br/>Despite the waves of layoffs, experts suggest <br/>that workers are still experiencing <br/>a strong labor market. .<br/>Strong growth of 184,000 jobs, <br/>strong pay growth per job changers, <br/>and these sentiment indicators both <br/>in the manufacturing survey and our <br/>own worker sentiment and that is still <br/>seeing a pretty solid, maybe even <br/>good to great, jobs market for 2024, Nela Richardson's, ADP Research Institute <br/>chief economist, via 'Newsweek'
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<br/>Sure, here are some keywords that could be used to describe songs about various topics:<br/><br/>Love:<br/><br/>Romance<br/>Passion<br/>Heartbreak<br/>Affection<br/>Devotion<br/>Longing<br/>Intimacy<br/>Desire<br/>Connection<br/>Commitment<br/>Friendship:<br/><br/>Companionship<br/>Loyalty<br/>Trust<br/>Support<br/>Memories<br/>Bonding<br/>Togetherness<br/>Camaraderie<br/>Fun<br/>Shared experiences<br/>Nature:<br/><br/>Beauty<br/>Wilderness<br/>Serenity<br/>Tranquility<br/>Seasons<br/>Landscapes<br/>Animals<br/>Plants<br/>Elements (earth, air, water, fire)<br/>Harmony<br/>Social Issues:<br/><br/>Injustice<br/>Equality<br/>Empowerment<br/>Activism<br/>Freedom<br/>Poverty<br/>Discrimination<br/>Unity<br/>Change<br/>Hope<br/>Self-Discovery:<br/><br/>Identity<br/>Growth<br/>Reflection<br/>Transformation<br/>Inner peace<br/>Discovery<br/>Journey<br/>Authenticity<br/>Acceptance<br/>Purpose<br/>Party/ Celebration:<br/><br/>Festivity<br/>Dance<br/>Joy<br/>Excitement<br/>Energy<br/>Happiness<br/>Gathering<br/>Music<br/>Drinks<br/>Fun<br/>Sadness/ Loss:<br/><br/>Grief<br/>Sorrow<br/>Pain<br/>Mourning<br/>Solitude<br/>Melancholy<br/>Regret<br/>Nostalgia<br/>Healing<br/>Resilience<br/>Adventure:<br/><br/>Exploration<br/>Discovery<br/>Courage<br/>Thrill<br/>Wanderlust<br/>Expedition<br/>Risk<br/>Freedom<br/>Excitement<br/>Journey
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