This is Elon Musk’s Twitter fire sale. The new owner of this social media platform is holding an auction to sell many of the company’s remaining assets and everything needs to be done, whether it’s a chair, a chair, or…
Microsoft has become the latest big tech company to reverse a pandemic-era hiring spree in the face of a slowing economy, as it announced plans to lay off 10,000 employees by the end of March, or nearly 5 percent of…
Mobileye has the potential to further boost its reputation in the world of autonomous and assisted-driving, according to Deutsche Bank. That could mean good news for stocks. Analyst Emmanuel Rosner initiated coverage on the stock as a buy. The $48…
ConsenSys, the Ethereum-focused software company best known for its flagship MetaMask wallet, is the latest crypto company to take a pay cut. On Wednesday, founder Joseph Lubin published a blog post announcing 97 layoffs—11% of the company’s staff. In an…
Recep Tayyip Erdoğan has signaled that Turkey’s election will be held on May 14, drawing a crucial vote in the month as the ruling party faces its toughest campaign after two decades in power. The 68-year-old president said in a…
A shopper exits a Party City Holdco Inc. store. New York, US, Wednesday, November 7, 2018. Party City Holdco released earnings figures on November 8. Bloomberg Party City and some US units have filed for Chapter 11 bankruptcy, as retailers…
Sounds ominous, right? But – take a breath – the technical word refers to a bunch of accounting workarounds. Yes, accounting. Because the debt ceiling limits the issuance of government bonds – the way the US borrows money – these…
At least sixteen people, including Ukraine’s interior minister and three children, were killed when a helicopter crashed near a nursery school in Kyiv on Wednesday, officials said. Oleksiy Kuleba, head of the regional administration of the Ukrainian capital, said in…
UN Secretary-General Antonio Guterres has said that without further action, humans will experience a global temperature rise of 2.8 degrees Celsius. Sean Gallup Getty Images News | Getty Images UN Secretary-General Antonio Guterres on Wednesday condemned fossil fuel giants for…
The Walt Disney Company did not mince words in response to Nelson Peltz’s campaign for the board seat, with a blistering attack on the understanding of industry activist investors. “Peltz does not understand Disney’s business and lacks the skills and…