Cost-Cuttings And Lay-Offs At Amazon
Amazon's leadership is carefully examining its Alexa business as part of its ongoing cost-cutting review. Alexa is Amazon's voice assistant available on a range of devices, the company is reportedly reviewing whether it should invest in the addition of new capabilities
Go Deeper (2 min read)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%.
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Read on about
Last Friday, the September job report release saw an unexpected drop in the unemployment rate and an increase in worker salaries. The news sent a clear signal to markets that the Fed would have to pursue more massive interest rate hikes to slow inflation down.
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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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