Less than a week after mass firings at the Food and Drug Administration (FDA), some probationary staffers received unexpected news over the weekend: they were being rehired. Beginning […]
Economy
Posted on:
Starbucks to lay off 1,100 corporate workers amid turnaround attempt
Starbucks announced on Monday that it will lay off 1,100 corporate employees by Tuesday morning and eliminate hundreds of open roles. In a letter to employees, CEO Brian […]
Economy
Posted on:
Berkshire Shares Rise Amid Record Cash Pile, Buffett Maintains Conservative Stance
Berkshire Hathaway’s shares gained momentum as operating earnings surged, but the company’s investment gains from its portfolio slowed significantly in the fourth quarter, dropping to $5.2 billion from […]
Banks
Posted on:
Robinhood Escapes SEC Penalties in Crypto Probe
Robinhood has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company’s crypto business without taking any enforcement action. The fintech firm, […]
Markets
Posted on:
Dow futures jump 300 points as traders look to recover from Friday’s sell-off: Live updates
Stock market futures moved higher early Monday as Wall Street aimed to recover from a decline late last week. Futures for the Dow Jones Industrial Average rose by […]
Uncategorized
Posted on:
Starbucks lays off 1,100 corporate employees as coffee chain streamlines
Starbucks has announced plans to lay off 1,100 corporate employees globally as part of a restructuring effort led by new Chairman and CEO Brian Niccol. In a letter […]
Markets
Posted on:
Robinhood says SEC dismissed crypto unit investigation in latest sign of easier regulation for industry
The Securities and Exchange Commission (SEC) has dropped its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood received a letter from the SEC’s Enforcement Division on […]
Economy
Posted on:
Germany election – Complicated coalition negotiations ahead – economic outcome scenarios
An early-week note from ING on the German election outcome highlights “Complicated coalition negotiations ahead.” ING concludes that fiscal policy will be shaped by trade-offs between tax relief, […]
Economy
Posted on:
Steve Cohen Warns of Slower Economic Growth and Potential Market Correction
Billionaire investor Steve Cohen has warned of an impending slowdown in U.S. economic growth, coupled with a “significant correction” in the markets. Speaking at the Future Investment Initiative […]
Markets
Posted on:
Key Highlights Before the Stock Market Opens
U.S. stock futures are trending higher as investors anticipate a market recovery following last week’s declines. Among the key developments, Apple (AAPL) announced a $500 billion investment in […]