U.S. stocks are on track for their worst daily pullback in nearly a month on Monday as the S&P 500 traded below 4,000. Equity prices have been rattled by stronger-than-expected Read more
Tag: online services
Disney shocker: Bob Iger to return as CEO, Bob Chapek ousted
In a stunning reversal, the Walt Disney Co. DIS, +0.38% announced Sunday night that Chief Executive Bob Chapek was out, and will be replaced by his predecessor, Robert Iger. “We Read more
Disney shocker: Robert Iger to return as CEO, Bob Chapek ousted
In a stunning reversal, the Walt Disney Co. DIS, +0.38% announced Sunday night that Chief Executive Bob Chapek was out, and will be replaced by his predecessor, Robert Iger. “We 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
Black Friday surprise: Jeff Bezos tells people NOT to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday shopping season — amid four-decade high inflation and recession worries. Read more
Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.
According to Fed Reserve Gov. Christopher Waller and several strategists, last week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His Read more
Twitter reportedly slashes more jobs, laying off thousands of contractors
Twitter laid off a large portion of its contract workforce over the weekend, according to multiple reports. Platformer’s Casey Newton first reported the layoffs Saturday, and said Sunday that about Read more
Sen. Ed Markey fires back at Elon Musk: ‘Fix your companies. Or Congress will.’
Twitter owner and Chief Executive Elon Musk continued to antagonize his critics Sunday, drawing the ire of a powerful senator who sits on the Commerce committee. On Friday, Sen. Ed Read more
Investors may be whistling past the graveyard of a recession with latest rally in stocks
Investors feeling giddy about last week’s sharp rally for stocks might want to give a listen to Tom Waits’ song, “Whistlin’ Past the Graveyard” from 1978, to sober up for Read more
Beverly Hills mansion donated to charity by Jeff Bezos ex-wife MacKenzie Scott sells for $37 million
It was owned by Jeff Bezos, donated to charity by his philanthropist ex-wife MacKenzie Scott and now it’s been snapped up by a music executive. The recent history of this Beverly Read more