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Categories Economy

Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

Author January 17, 2025

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about the

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Categories Economy

Citibank customers report fraud alerts and account access issues

Author January 17, 2025

Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital

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Categories Economy

Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume

Author January 17, 2025

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face

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Categories Economy

Capital One acknowledges ‘outage’ as users report issues accessing deposits

Author January 17, 2025

Capital One said an unspecified technical issue was hampering customer account access, as some users reported issues with direct deposits. In

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Categories Economy

Disney wins the 2024 box office as year-end receipts offer a welcome boost

Author January 17, 2025

Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024. Full-year ticket sales were down just

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Categories Economy

There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon

Author January 17, 2025

The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in

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Categories Economy

Target says its holiday sales were better than expected — but its profits weren’t

Author January 17, 2025

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days

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Categories Economy

JPMorgan Chase posts record profit as the bank’s massive scale pays off

Author January 17, 2025

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank

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Categories Economy

European Union regulators accuse Apple of breaching the bloc’s tech rules

Author June 26, 2024

European Union regulators on Monday said Apple is in breach of sweeping new tech rules because it does not allow customers of

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Categories Economy

Paramount+ to increase prices for its streaming plans

Author June 26, 2024

Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business. The company said Monday

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