Key takeaways Salesforce is cutting 10% of its global workforce, equating to around 8,000 jobs which will be lost. Amazon is also cutting a much higher number of employees than originally planned, with their figure of 10,000 cuts revised up to 18,000 Rumors continue to swirl that Google parent company Alphabet will be laying off
Month: January 2023
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Since its first commercial flight in 1970, Boeing‘s 747 jumbo jet has flown more than 3.5 billion passengers. The double-decker plane made air travel way more affordable for millions of people around the globe. It is still one the most recognizable planes to take to
People walk along Waterloo Bridge past the City of London skyline, the capital’s financial district. U.K.-focused equity funds saw record outflows in 2022. Sopa Images | Lightrocket | Getty Images LONDON — Investors ditched U.K. stock funds at a record rate last year, according to new research, with the selling outpacing that in other major
Amazon and Salesforce are among the latest tech companies to announce job cuts, after rapid hiring over the last several years. For every company announcing layoffs, senior leaders and managers must keep the remaining employees motivated and productive. Among U.S.-based companies, announced layoffs were up 172% in the fourth quarter of 2022 — with more
As the old idiom goes, you’ve got to be in it, to win it. That’s certainly true of investing. But with fears of recession around the corner, along with 2022 losses that we haven’t experienced since the Great Recession of 2008, it’s easy to see why one might hesitate to enter the market today. For
In this article WWE Follow your favorite stocksCREATE FREE ACCOUNT World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty Images Vince McMahon has returned to the World Wrestling Entertainment board of
In this article LULU BBBY WFC ULTA Follow your favorite stocksCREATE FREE ACCOUNT Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016. Roslan Rahman | AFP | Getty Images Check out
After home financing costs nearly doubled in 2022, some relief is in sight for potential homebuyers in 2023. The interest rate for a 30-year fixed-rate mortgage in the U.S. is expected to drop to 5.25% by the end of this year, according to a forecast by the financial services website Bankrate. That’s 1.49 percentage points
Traders at the New York Stock Exchange on Dec. 21, 2022. Michael M. Santiago | Getty Images News | Getty Images The bond market suffered a significant meltdown in 2022. Bonds are generally thought to be the boring, relatively safe part of an investment portfolio. They’ve historically been a shock absorber, helping buoy portfolios when
Key Takeaways An analyst from JP Morgan has highlighted just how similar the stock market and bond market is behaving compared to the 1969 recession. Not only that, but there are a range of economic factors that look eerily similar too, such as rising oil prices, increasing interest rates and substantial government stimulus. So how
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT Noam Galai | Getty Images Entertainment | Getty Images McDonald’s is planning job cuts and a reorganization as the company refocuses its priorities to accelerate restaurant expansion, CEO Chris Kempczinski told employees Friday. The fast-food giant said the job cuts aren’t a cost-cutting measure but
The Huobi crypto exchange logo displayed on a smartphone. Nikolas Kokovlis | Nurphoto via Getty Images Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount by about 20%, in the latest round of layoffs to hit the beleaguered cryptocurrency industry. The Seychelles-based company is one of the largest crypto
The odds of winning the Mega Millions jackpot, which is now $940 million, is 1 in more than 300 million. While very few will experience that kind of windfall in their lifetime, the lottery isn’t the only chance to come into sudden wealth. Whether it’s an inheritance, sale of a property, bonus or even a
Fuse | Corbis | Getty Images When it comes to investing, you may know less than you think — and that overconfidence may be costly. Almost 2 out of every 3 investors rate their investment knowledge highly, and 42% are comfortable making investment decisions, according to a recent report published by the Financial Industry Regulatory
Twice over the past few weeks I’ve heard a variation of the same story: An older adult tells her primary care doctor she is feeling severely depressed. Each time, the physician responds by saying depression is normal for seniors. Something like, “What do you expect? You’ve got aches and pains. Your friends are dying. It
As if the turmoil created by sharply higher interest rates and economic uncertainty wasn’t enough, another daunting challenge facing New York City building owners looms on the horizon. Local Law 97, which officially becomes active on Jan. 1, 2024, requires most buildings 25,000 square feet or larger to significantly curb their carbon emissions to meet
Loading chart… Corning Inc: “It’s fine. … Let it come in.” Loading chart… Veru Inc: “I’m very concerned about it.” Loading chart… HealthEquity Inc: “Expensive stock, another one of these stocks not making much money. I think we’re going to have to take a major league pass.” Loading chart… Mobileye Global Inc: “I think that
Shoppers line up outside a Costco to buy supplies after the Hawaii Department of Health on Wednesday advised residents they should stock up on a 14-day supply of food, water and other necessities for the potential risks of novel coronavirus in Honolulu, Hawaii, U.S. February 28, 2020. Courtesy of Duane Tanouye via REUTERS Check out
Jamie Grill | Getty Images It’s not easy to prioritize financial goals, especially when choosing between two essentials in an unsteady economy: saving for retirement or building your emergency fund. While there are higher 401(k) contribution limits for 2023, you shouldn’t skip rainy day savings to max out your retirement plan, experts say. Indeed, more
Dragos Condrea | Istock | Getty Images If you’re signing up for Medicare, you’ve likely discovered that there are a lot of out-of-pocket costs that come with your coverage. For about 23% of Medicare’s 65.1 million beneficiaries, the solution for covering those outlays is a so-called Medigap plan. These policies, sold by private insurance companies,
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