Dow surges on strong May jobs report, debt ceiling deal
Stocks on Friday rose on speculation that the Federal Reserve would hold off on rate hikes this month after slowing wage growth in May, with investors hoping the country would avoid a catastrophic debt default. I sent an email, and the stock price soared. The Dow Jones Industrial Average rose 516 points, or 1.6%, to […]
Amazon in talks to offer mobile services to Prime members
Amazon is in talks with telecom providers to offer low-cost, or even free, cellular service to U.S. Prime subscribers. Bloomberg News reported The announcement was made on Friday, citing a person familiar with the matter. The e-commerce giant, which has partnered with Verizon Communications, T-Mobile US and Dish Network, is reportedly considering offering Prime members […]
Bud Light donates $200K to LBGTQ+ group NGLCC
Bud Light has announced a $200,000 donation to an LGBTQ+ nonprofit. It’s the latest in a range of mixed signals as the brand faces backlash over its relationship with transgender influencer Dylan Mulvaney. Bud Light announced this week that it is expanding its partnership with the National LGBT Chamber of Commerce (NGLCC) “to continue supporting […]
Meta orders workers back to office 3 days per week after layoffs
Starting this fall, Facebook parent company Meta will require most employees to work in the field at least three days a week. It’s the latest move in Mark Zuckerberg’s ongoing “year of efficiency” at the tech giant, which has cut 21,000 jobs. The change will go into effect on Sept. 5 and will only apply […]
Bud Light parent Anheuser-Busch’s stock lost $27B over Dylan Mulvaney
Bud Light maker Anheuser-Busch InBev, which lost a massive $27 billion in market capitalization after a bad partnership with Dylan Mulvaney, was recently hit hard by a 5% drop in its stock this week. received. AB InBev’s market capitalization fell to $107.44 billion by the end of May, according to Dow Jones Market Data Group, […]
Judge in Disney-DeSantis case steps down over family’s Disney stock
The federal judge overseeing Walt Disney’s case against Florida Governor Ron DeSantis has dismissed himself from the case, arguing that the family is at odds because they own shares in the media giant. Judge Mark E. Walker, Chief Judge of the United States District Court for the Northern District of Florida, said he would no […]
US adds 339,000 jobs, blowing past forecasts; unemployment rises
The surprisingly resilient job market in the US continued to outperform expectations in May, adding 339,000 jobs last month. The huge numbers raise expectations that the Federal Reserve will continue to raise rates to combat stubborn inflation. The latest figures released by the Labor Department also showed that the unemployment rate rose from 3.4% to […]
Twitter’s head of trust and safety Ella Irwin says she resigned
Ella Irwin, head of trust and safety at Twitter, told Reuters on Thursday that she has come under fire for lax protections against harmful content since billionaire Elon Musk bought the company in October. He said he had resigned from the social media company. Irwin joined Twitter in June 2022 and took over as head […]
LEGO becomes latest facing boycott over ‘trans building sets’
Frustrated conservatives after social media influencers resurfaced the toymaker’s year-old Pride campaign, claiming it “featured transgender building sets for kids.” Shoppers add Lego to the list of boycotted brands. “Children’s toy maker Lego has launched an LGBTQI+ series featuring transgender building sets for children ages 5 and up,” Oli London tweeted. Newsweek. According to Newsweek, […]
Goldman Sachs warns of 25% hit to trading revenue
Goldman Sachs plans further job cuts as the tough economic environment weighs on trading, which could cut trading revenue by 25% this quarter, the bank’s president said Thursday. Stated. “The macro environment is extremely challenging,” Goldman Sachs President and Chief Operating Officer John Waldron told investors at a news conference without specifying the scale of […]
