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Stocks

“Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance”

November 3, 2023

“Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low end of prior guidance. The firm’s Denmark-listed shares had fallen… Continue Reading…

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Business

“Disney begins second, larger round of layoffs, bringing total to 4,000 jobs cut”

April 24, 2023

“Disney began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed. Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part of… Continue Reading…

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Banking

“President Biden slams ‘reckless bill’ from Republicans to reverse funding for the IRS and its 87,000 new hires — here’s how it could affect you”

January 12, 2023

“President Joe Biden had included increased funding for the IRS in the Inflation Reduction Act to help the agency catch sneaky tax evaders — especially those high-earners who love to find loopholes. Advocates believe the increased funding could raise as… Continue Reading…

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Business, Economy

“Amazon reportedly plans to lay off about 10,000 employees starting this week”

November 14, 2022

“Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of… Continue Reading…

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Cryptocurrencies

“FTX grew revenue 1,000% during the crypto craze, leaked financials show”

August 22, 2022

“FTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint through a flurry of acquisitions, according to internal documents seen by CNBC…. The crypto exchange’s revenue soared more than 1,000% from $89… Continue Reading…

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Economy

“Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years”

July 11, 2022

“The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and… Continue Reading…

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Personal Finance

“…can’t afford to pay the loan… 57-year-old widow with $67K in student loan debt…”

May 4, 2022

“… I’m a military wife, and my husband died on active duty, so I’m now a widow. My student loan is sitting at $67,000. I’m 57 and I can’t afford to pay the loan because I’m on a fixed income…” https://www.marketwatch.com/picks/i-cant-afford-to-pay-the-loan-because-im-on-a-fixed-income-im-a-57-year-old-widow-with-67k-in-student-loan-debt-can-you-help-me-get-rid-of-it-01651010285?siteid=yhoof2… Continue Reading…

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Economy

“50% of working Americans say they live paycheck to paycheck, including 31% of those making $100,000 or more”

March 2, 2022

“t may be a moment of great opportunity for those seeking work, but many of those currently working are still struggling. Half of working Americans say they’re living paycheck to paycheck, according to a January MagnifyMoney survey. That includes 76% of those making less… Continue Reading…

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Economy, Uncategorized

Worker Shortage Hits Military “Army ups bonuses for recruits to $50K…”

January 13, 2022

“The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who join for six years, The Associated Press has learned, as the service struggles to lure soldiers into certain critical jobs… Continue Reading…

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Business, Stocks

“Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain”

October 22, 2021

“Shares of Phunware Inc. surged more than 1,000% early Friday, as a special-purpose acquisition company, or SPAC, called Digital World Acquisition Corp. , was revealed to be merging with an entity called Trump Media Technology Group. Austin-based Phunware is an… Continue Reading…

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