CNN lays off hundreds of staffers after business review − read the memo
CNN laid off hundreds of employees across the company Thursday, the culmination of a six-month business review from new CEO Chris Licht.
Senate approves bill enforcing railroad labor agreement before strike deadline, sends to Biden
The Senate passed legislation that would force a tentative rail labor agreement and thwart a national strike.
CrowdStrike shares tumble on weaker-than-expected growth in new revenue
CrowdStrike shares dropped after the cybersecurity company said annual recurring revenue was below expectations in part because of "macroeconomic headwinds."
Snowflake shares drop on light product revenue guidance
Snowflake shares fell Wednesday after the company released third-quarter results that beat estimates but offered light product revenue guidance.
Salesforce stock falls over 5% on earnings and sudden departure of co-CEO Bret Taylor
Last quarter, Salesforce trimmed its year-end estimates for both revenue and earnings.
Transitory inflation talk is back. But economists say higher prices are here to stay
Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but analysts have warned against the return of the...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
In a tweet early Wednesday, Musk called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession."
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October