The numbers: Initial jobless claims rose 5,000 to 225,000 in the week ended November 5, the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
Tag: Market Research/Public Relations
Opinion: Here’s what one financial adviser is telling laid-off technology employees to do
Meta Platforms META, +5.18% is firing 11,000 employees, and Twitter is slashing its workforce by half, sending waves of anxiety through the technology industry. Perhaps you feel like you might Read more
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse 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
Musk scraps Twitter’s gray ‘official’ label just hours after its launch
On Wednesday, new Twitter CEO Elon Musk abruptly ended a new project on his social media platform. Twitter began rolling out a new designation labeled “official” on some larger accounts Read more
U.S. stocks slip as control of Congress remains unsettled
U.S. equity indexes slipped on Wednesday, following a three day rally, after some poor earnings reports and a slide in major technology stocks, while the results of the mid-term elections Read more
Investors are getting good at expecting the worst. Here’s what the smart worriers should be doing now, says this strategist.
Investors are waking up to political uncertainty (again) as Democrats put up a better-than-expected midterm fight, casting doubt on a Republican “wave.” A market-preferred split government remains a solid possibility Read more
Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says ‘I take responsibility’
Massive layoffs at Meta Platforms Inc. began Wednesday, offering a slight boost to the social-media company’s beaten-down stock. Chief Executive Mark Zuckerberg told employees that he planned to lay off Read more
Zuckerberg says he’s accountable for missteps as Meta prepares for mass layoffs
Meta Platforms Inc. META, -0.26% will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday. The coming cuts are expected to total many thousands of employees and Read more
Home builders struggle to find buyers as cancellations by developers rise: ‘The build-for-rent market is going to become increasingly important’
It’s a tough time to be selling a home. That’s also true for home builders, who are seeing canceled orders and dwindling interest among would-be buyers. “Mortgage applications have been Read more