It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
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U.S. stocks open modestly lower, on pace for fifth day of losses as economic growth worries linger
U.S. stock indexes opened lower on Wednesday morning, struggling to recover ground after a four-day losing streak amid worries about the chances of an economic downturn in coming months. How Read more
Amazon CEO says more layoffs are coming in 2023
Amazon.com Inc. plans more layoffs, but employees will have to wait until 2023 to see if their jobs are affected. Chief Executive Andy Jassy said Thursday that while Amazon AMZN, Read more
Meta follows Twitter in making major job cuts
From Meta Platforms Inc. to Twitter, big names in the tech sector have announced major layoffs in October and November. Facebook parent Meta META, +5.18% is cutting 11,000 employees, or Read more
Apple reportedly pauses hiring for many roles, joining Amazon in belt-tightening
Apple Inc. reportedly has put a pause on hiring for positions that aren’t in research and development, joining a string of other tech companies that are scaling back their once-robust Read more
Stripe to lay off 14% of staff as CEO says he made ‘two very consequential mistakes’
The massive financial-technology unicorn Stripe plans to lay off 14% of its employees, becoming the latest tech company to acknowledge that it had been too upbeat about growth trends levered Read more
Weekly tally of COVID cases and deaths continues to fall; Moderna lowers vaccine-sales outlook by as much as $3 billion
The global tally of COVID-19 cases fell 17% in the week through Oct. 30 from the previous week, while the death toll fell 5%, the World Health Organization said in Read more
Weekly tally of COVID cases and deaths continues to fall; Moderna lowers vaccine-sales outlook by as much as $3 billion
The global tally of COVID-19 cases fell 17% in the week through Oct. 30 from the previous week, while the death toll fell 5%, the World Health Organization said in Read more
U.S. stock futures mixed after Meta shocker, as traders nervously await Apple and Amazon results
U.S. stock-index futures were trading mixed on Thursday after Meta Platforms Inc. became the latest tech giant to release disappointing results and traders nervously awaited earnings from Apple and Amazon. Read more
Shopify stock rises as earnings show smaller loss than expected
Shopify Technology Inc. shares were headed higher in premarket action Tuesday after the e-commerce company notched a smaller loss than anticipated and forecast that its operating-expense growth rate will fall Read more