There’s nothing to be Lovin’ about impending layoffs. McDonald’s confirmed that it would be closing corporate offices temporarily in the U.S. this week ahead of planned job cuts and restructuring, the Wall Street Journal reported. “During the week of April 3, we will communicate key decisions …
Thursday is turning out to be a bad day for Block (NYSE:SQ) stock. Shares of the digital payments specialist are down 14%, as of this writing, after a short seller launched an attack on the company. Specifically, following a two-year investigation, Hindenburg Research alleged Block was …
U.S. stocks wavered Friday morning after the crucial jobs report came in warmer than expected and jitters over troubles at Silicon Valley Bank (SIVB) continued to weigh on markets. The S&P 500 (^GSPC), the Dow Jones Industrial Average (^DJI) and the technology-heavy Nasdaq Composite (^IXIC) declined …
(Bloomberg) — US job growth probably moderated last month after a blistering January pace, while the unemployment rate likely held at a 53-year low, illustrating a labor market that’s proved mostly impervious to the Federal Reserve’s massive interest-rate hikes. Most Read from Bloomberg The report will …
A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Norwegian Cruise Line shares fell more than 10% on Tuesday after the company posted wider losses …
Shares of Arconic Corp. ARNC rocketed 21.6% toward a 5 1/2-month high in afternoon trading Tuesday, after The Wall Street Journal reported that private-equity firm Apollo Global Management Inc. is in talks to buy the aerospace parts company. Apollo’s stock APO gained 0.8%. Citing people familiar …
Strike activity saw a marked increase from 2021 to 2022, according to a study released Monday from Cornell University’s School of Industrial and Labor Relations (ILR). The number of strikes increased to 424 total (including seven lockouts, when an employer stops work by not allowing employees …
It’s misery at Meta. According to the New York Post, cost-cutting measures and mass layoffs have left employees feeling unliked and demotivated. A Financial Times report reveals that the malaise is being felt by workers in the trenches all the way up to senior management. What …
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs. This week, the IRS has been trying to determine if the money from 21 states to their …
Ugg boots, the furry, sheepskin boots that defined the 2000s are back, apparently, with spiking interest and Gen Z cachet, according to data from shopping website, Lyst. The site’s annual quarterly report that highlights the “hottest” 20 fashion brands was released on Thursday, and, as Insider …
