Chinese tech firm suspends IPO launch
Chinese AI firm SenseTime has postponed its IPO after a US blacklisting
The Chinese artificial intelligence start-up announced it’s postponing its planned $767 million IPO over human rights concerns in Xinjiang
The US alleges that the company was creating facial-recognition software used in the oppression of Uyghur Muslims
But the company says the accusations are quote “unfounded and reflect a fundamental misunderstanding of our company.”
The firm is planning action to protect its interests, in response to the sanctions..
Falling in love with stocks with Nick Quinn
On this week’s episode of Talk Ya Book, Chris Judd is joined by Spatium Capital’s Nick Quinn to discuss the why investors fall in love with stocks, when to sell and why three of his choices are performing strongly.
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Bank battering sees mess start to clean up
What will the future of the banking sector look like?
The once-mighty banking sector has taken a battering over the past month.
From two U.S. banks closing down, to one in Switzerland merging with its biggest rival, the sector has sent shockwaves throughout financial markets around the world.
And another European Bank could be following suit.
But, what will the future of the industry start to look like, once the mess has been cleaned up?
Founder and CEO of Umee, Brent Xu, joined us to discuss.
Disney to axe 7,000 jobs
The Mouse House will deliver two rounds of layoffs
Disney has announced it will begin to axe 7,000 jobs, as it seeks to control costs and create a more “streamlined” business.
Several major divisions of the company, including Disney Entertainment, Disney Parks, Experiences and Products, and corporate, will be impacted.
Disney will begin notifying the first group of employees who are impacted by the workforce reductions over the next few days.
A second, larger round of job cuts will happen in April, with several thousand more staff reductions.
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