November 3, 2022
“Online payments giant Stripe is laying off roughly 14% of its staff, CEO Patrick Collison wrote in a memo to staff Thursday… Collison acknowledged that the company’s leadership made “two very consequential mistakes” by misjudging how much the internet economy would grow… Continue Reading…
August 17, 2022
“Target on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that steep markdowns on unwanted merchandise would weigh on its bottom line. The big-box retailer missed Wall Street’s expectations by a… Continue Reading…
June 15, 2022
“…The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a head count reduction of around 1,100 people…. “We appear to be entering a recession after a… Continue Reading…
May 26, 2022
“…The S&P 500 climbed as much as 1.3% in early trading, and the Dow Jones Industrial Average gained over 400 points, or 1.2%. The Nasdaq Composite rose 1.3% higher as the index attempts to claw its way out of bear… Continue Reading…
May 20, 2022
“Russia is about to cut off natural gas supplies to a third European country that refuses to accept the Kremlin’s demand for payment in rubles.Russian gas will stop flowing to Finland at 7 a.m. local time on Saturday, Finnish state gas company… Continue Reading…
May 6, 2022
“…The Dow dropped 260 points, or 0.8%. The S&P 500 lost 0.8%, while the Nasdaq Composite slid 0.8%. The tech-heavy index is now down roughly 25% from its record high last November. The moves came after stocks sold off sharply… Continue Reading…
April 29, 2022
“The belt tightening appears to have started at Netflix: A number of journalists working for the company’s entertainment site Tudum have been laid off, according to tweets by those affected. A Netflix spokesperson told Protocol Thursday that there were no plans to… Continue Reading…
April 28, 2022
“…The S&P 500 was up 0.8%, paring some gains after a jump of more than 1% at open, while the Dow Jones Industrial Average was up 0.6%. The tech-heavy Nasdaq Composite also pulled back to 0.8% above breakeven after climbing… Continue Reading…
April 25, 2022
“…Fear about a global economic slowdown loomed as Asian stock markets cratered Monday amid concerns about Covid case spikes in China. Oil prices declined and yields retreated on the fears. Wall Street is also bracing for a stacked week of earnings, including reports… Continue Reading…
April 13, 2022
“…The Consumer Price Index, which measures the prices Americans must pay for goods and services, is up 8.5% from a year ago — notching a fresh high in March. However, gas prices jumped 18.3% for the month, boosted by the war in Ukraine and… Continue Reading…
Recent Comments