Southwest Airlines, Moving America
Southwest Airlines is one of the major airlines of the United States and the world's largest low-cost carrier. It is headquartered in Dallas, Texas, and has scheduled service to more than 120 destinations in the United States.
Go Deeper (7 min read)FTX Is Done
Binance CEO Changpeng Zhao (also known as CZ) tweeted over the weekend that the company will liquidate its stakes in FTT, the fiat-currency created by FTX which is the third largest crypto exchange.
Go Deeper (3 min read)Stripe To Reduce Headcount By 14%
Stripe CEO Patrick Collison stated in a letter to staff that 2022 has been more difficult than previous years. The company blamed inflation, energy shocks, higher interest rates and lower investment budgets for the company's slowdown.
Go Deeper (2 min read)Policy Changes Ahead For The Fed?
The Fed's benchmark federal-funds rate has increased by 0.75 points for the fourth straight time, with the hike approved on Wednesday, bringing it to a range between 3.75% and 4%.
Go Deeper (2 min read)Big Tech Is Crashing
Amazon anticipates fourth-quarter revenue to be between $140 billion and $148 billion, up 2% to 8% from the same period last year. Refinitiv reports that analysts were anticipating sales to total $155 billion.
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Tech Is Freezing Hiring
For years, the tech sector has been rapidly expanding its workforce, but the cheap money that supported years of high-flying startups is now running out.
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What A Strong Dollar Means
Global investors have been flocking to higher-yielding U.S. assets, and the dollar has strengthened while competing currencies have weakened.
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The Home Depot, Built From Scratch
The Home Depot operates 2,317 stores located throughout the U.S., Canada, and Mexico and counts over 490,000 employees.
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Chinese Firms Audits
U.S. officials have begun scrutinizing audits conducted in China, starting a process that will take many months and determine whether companies like Yum China and Alibaba can continue to trade on American stock exchanges.
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The Rising Social Costs
Chris Kempczinski, the CEO of McDonald's, stated that the fast food chain is struggling with violent crime, homelessness, and drug overdoses in its Chicago outlets and urged business and elected leaders to find solutions.
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Home Sellers Are Getting Scarce
As the housing market cools, more homeowners are delaying their sales, causing the biggest drop in active property listings in more than two years. Due in part to a slowdown in homebuyer demand brought on by higher mortgage rates, homeowners are choosing to stay put.
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