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Silicon Valley layoffs go from bad to worse

3 years 8 months ago
Shortly before Thanksgiving, Amazon CEO Andy Jassy confirmed rumors that layoffs had begun in multiple departments at the e-commerce giant and said it would review staffing needs into the new year.

Bonds are back, but for how long?

3 years 8 months ago
Stocks soared on Friday to their best day in more than a month. The Dow gained 700 points and the S&P 500 and Nasdaq rose by 2.3% and 2.6% respectively, as traders bet that a slowdown in wage growth could mean that inflation may finally be cooling off.

Pentagon prepares for GOP-led probes

3 years 8 months ago
Pentagon officials have held multiple high-level meetings in recent months in preparation for a barrage of Republican-led House investigations into issues varying from the US withdrawal from Afghanistan withdrawal to what conservative lawmakers have deemed "woke" military policies, according to a senior defense official.

Goldman Sachs will lay off up to 3,200 workers

3 years 8 months ago
Goldman Sachs will lay off as many as 3,200 employees this week as an uncertain economic and market climate pushes the bank to hunt for cost savings, according to a person familiar with the matter.
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