Apple had slower staff growth than tech peers, no layoffs yet
An employee cleans a window at Apple Inc.’s new Canton Road store. in the Tsim Sha Tsui district of Hong Kong, China. Xaume Olleros | Bloomberg | Getty Images Many…
Read more »
Bed Bath & Beyond seeks capital injection, buyer before likely bankruptcy
Bed bath & beyond has been in talks with potential buyers and lenders as it works to keep its company afloat during a likely bankruptcy filing, according to people familiar…
Read more »
Wall St stumbles on weak data, comments from hawkish Fed
Fed’s Bullard, Mester back rate rises US retail sales fall in December Indexes down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% 18 Jan. (Reuters) – Wall Street’s major indices fell on…
Read more »
Bitzlato and its founder are facing enforcement action from US authorities
The US Department of Justice announced a “major international cryptocurrency enforcement action” against crypto company Bitzlato and the arrest of its founder Anatoly Legkodymov. In a Jan. 18 announcement, U.S….
Read more »
Job losses in tech sector spread, Microsoft lays off 10,000
Microsoft is cutting 10,000 employees, nearly 5% of its workforce, joining other tech companies that have scaled back their expansions in the era of the pandemic. The company said in…
Read more »
Dow Jones Rises on Cool Inflation Report, Weak Retail Sales; Tesla shares rise higher
The Dow Jones Industrial Average rose Wednesday morning after a cooler-than-expected wholesale inflation report in the form of the Labor Department’s Producer Price Index. And oil prices surged to a…
Read more »
Microsoft lays off 10,000 employees
Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on November 15, 2022. Seong Joon Cho | Bloomberg | Getty Images Microsoft said Wednesday it will…
Read more »
Microsoft lays off 10,000 employees
Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on November 15, 2022. Seong Joon Cho | Bloomberg | Getty Images Microsoft said Wednesday it will…
Read more »
Credit Suisse’s CEO says outflows have declined “very significantly” as the review progresses
Switzerland’s second largest bank, Credit Suisse, is seen here next to a Swiss flag in downtown Geneva. Fabrice Cofrini | AFP | Getty Images Credit Switzerland is seeing a sharp…
Read more »
One chart explains why 2022 was so bleak for Wall Street bankers: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief delivered straight to your inbox every Monday through Friday at 6:30 AM ET. Subscribe Wednesday, January 18, 2023…
Read more »