The global tally of COVID cases rose 25% in the period stretching from Dec. 5 to Jan. 1 to more than 14.5 million, the World Health Organization said Thursday. Known Read more
Tag: C&E Industry News Filter
Online holiday sales top $210 billion, beating expectations
Online shoppers spent more than $200 billion for the holidays for the second-straight year, breaking another record, with sales spiking above $11 billion on Cyber Monday alone, according to data Read more
ADP says 235,000 private-sector jobs created in December
The numbers: Private-sector employment rose by 235,000 in December, payroll processor ADP said Thursday, in a sign that many companies are still hiring and the labor market remains strong. Economists Read more
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more
Amazon confirms more than 18,000 layoffs, far more than originally expected
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more
U.S job openings stay high at 10.5 million and show labor market still very strong
The numbers: Job openings in the U.S. fell slightly to 10.46 million in November, but workers were still quitting in droves in a sign the labor market remains quite strong — Read more
Salesforce will lay off 10% of staff as part of restructuring
Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday. The company will also exit some real estate and Read more
Salesforce will lay off 10% of staff as part of restructuring
Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday. The company will also exit some real estate and Read more
Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
It has taken just one day for Tesla Inc.’s stock to erase the entire bounce it enjoyed over the last three days trading sessions of 2022, as disappointing deliveries data Read more