Spotify Embarks on Third Round of Layoffs, Slashing 17% of Workforce
Spotify has announced the termination of 17% of its worldwide personnel, the music streaming service's third wave of layoffs this year as it works to cut expenses while concentrating on profitability.
Dec 05, 2023 01:17 AM EST
Maersk Makes Strategic Investment to Fortify South-East Asia's Supply Chain Resilience
Maersk, a Danish shipping giant, said on Monday that it will invest more than $500 million to develop its South-East Asian supply chain infrastructure.
Bitcoin Climbs to $40,000, Fueling Optimism in Crypto Markets
For the first time this year, Bitcoin has above $40,000 as traders await the upcoming approval of U.S. stockmarket-traded bitcoin funds and the widespread excitement surrounding U.S. interest rate reduction.
Alaska Air Acquires Hawaiian Airlines in $1.9 Billion Deal
Alaska Airlines said on Sunday that it has reached an agreement to acquire Hawaiian Airlines for $1.9 billion, including debt, positioning the airline for possible conflict with the Biden administration, which has expressed apprehension over increased sector rates.
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GameStop Pause Trading: Reason Why it Ended Early
This serves as another twist in the ongoing drama between these amateur investors and the experienced, more risk-averse, Wall Street giants.
Jan 28, 2021 07:45 PM EST
Levi Strauss & Co Holiday Sales Lackluster, But Marks Improvement
Levi's stock prices recently went up by more than 1% in after-hours trading after already falling for more than 4%.
Jan 28, 2021 12:34 AM EST
Reddit's r/WallStreetBets is Back; GameStop, AMC Drama Intensifies
As testament of how affected the public was over the subreddit being locked, everyone went positively wild when the subreddit returned.
Jan 28, 2021 12:01 AM EST
Apple Stock Fell Amid High Earnings; Facebook Shows Unexpected Increase
Both Apple and Facebook showed unexpected high earnings for the holiday quarter.
Jan 27, 2021 09:44 PM EST
Tilman Fertitta on Post COVID-19, 'It'll be the Roaring Twenties!'
To have the post COVID-19 period equated to the Roaring 20s is no small thing.
Jan 27, 2021 03:57 AM EST
Jeff Bezos Defamation Suit Dismissed, Amazon CEO Now Wants $1.7M Legal Fees
The case by Sanchez against Bezos did not prosper.
Jan 26, 2021 11:58 PM EST
Belk Bankrupt: Department Store Declares Chapter 11 Bankruptcy, Promises Normal Operations in the Meantime
The company, which has served generations of shoppers for over a century and half, announced Tuesday it will file for the dreaded bankruptcy.
Jan 27, 2021 03:00 AM EST
Luxury SBE Corporation to Open 50 New Hotels Regardless of Pandemic
The luxury hospitality company even made the announcement of this seemingly unimaginable goal to the public through a press release on Thursday.
Jan 26, 2021 10:13 PM EST
How AMC Theaters Stopped COVID-19 Bankruptcy By Raising Nearly $1 Billion
There is no denying that one of the hardest hit industries by the coronavirus pandemic is the film industry.
Jan 26, 2021 08:26 PM EST
Houston Saves Program: It 'Pays' to Save with JP Morgan Chase, Literally
The company is offering $20 for every $30 you save each month.
Jan 26, 2021 05:30 AM EST
$20 Bill New Face: Biden to Change Ex-President Andrew Jackson's Face With Harriet Tubman
On January 25, Biden press secretary Jen Psaki said that the Treasury Department is already acting to restart efforts to put the 19th century abolitionist leader on the currency note
Jan 26, 2021 03:38 AM EST
California: Fraudsters Stolen $11 billion From Fake Unemployment Applications Amid Pandemic
There is still around 17% of the rest of total benefits paid during the same time frame being investigated up to now.
Jan 26, 2021 02:00 AM EST
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