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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Southwest Issues Layoff Warnings to Over 6,800 Employees, a First for the Airline
Southwest Airlines has issued layoff warnings to more than 6,800 employees that may be furloughed in spring.
Dec 05, 2020 08:00 AM EST
Walmart to Pay Its US Workers $388 Million in Holiday Bonuses
Walmart will pay its U.S. workers cash bonuses over the holidays, but critics say the country's largest employer is not raising workers' pay enough amid coronavirus crisis.
Dec 05, 2020 07:24 AM EST
Gym Owner who Supported Staten Island Rally Calls Lockdowns "Nonsensical"
A New Jersey owner who attended a Staten Island rally was arrested for defying the state's COVID-19 restrictions said the lockdowns "nonsensical."
Dec 04, 2020 11:12 AM EST
Coca-Cola's Heartwarming Christmas Advertisements Crowned as the Top Festive Campaign of 2020
Coca-cola's heartwarming trailers are crowned as the best Christmas advertisements of 2020.
Dec 04, 2020 10:18 AM EST
McConnell Claims Stimulus Deal is 'Within Reach,' Receives Support From Trump
Senate Majority Leader Mitch McConnell (R-Ky.) expressed optimism with the stimulus deal.
Dec 04, 2020 09:41 AM EST
Pelosi, Schumer Back Bipartisan $908B COVID-19 Relief Proposal as Starting Point for Talks
The top Democratic congressional leaders Nancy Pelosi and Charles Schumer embraced a $908 billion COVID-19 relief proposal on Wednesday.
Dec 03, 2020 11:12 AM EST
This 1,020 Years Old Japanese Shop Surely Knows the Surviving Skills During Crisis
A Japanese shop selling toasted mochi from a small, cedar-timbered in Kyoto started a business during the pandemic in the year 1000.
Dec 03, 2020 11:38 AM EST
Battle of the Billionaires: How Elon Musk Rocketed Behind Bezos
Elon Musk's wealth grew to more than $100 billion since the COVID-19 pandemic began, from $24.6 billion in March to $126 billion in November. How did he got the edge among others?
Nov 29, 2020 09:24 AM EST
Disney Raises Planned Layoffs to 32,000 amid COVID-19 Closures
Walt Disney Co. plans to increase layoffs to 32,000 employees by the end of March.
Nov 27, 2020 10:48 AM EST
ByteDance Gets an Extra Week to Sell off TikTok's US Business
TikTok's parent company, ByteDance, has received an extra week to sell its U.S. operations.
Nov 27, 2020 05:57 AM EST
Lamborghini Withdraws Controversial Ad Campaign with Teenagers Posing in Front of Supercar
The luxurious brand Lamborghini withdrew a controversial ad campaign that used young teenagers to appear in front of the supercars following a protest against Palermo's mayor.
Nov 25, 2020 10:56 PM EST
Snapchat Would Spend $1 Million a Day on Its New Feature to Compete with TikTok
Snapchat is willing to spend $1 million a day to beat back with TikTok.
Nov 25, 2020 09:50 AM EST
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