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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

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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Categories Economy

X boss Elon Musk tempers comments about advertisers as he looks to woo them back

Author June 24, 2024

Elon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform. At the Cannes Lions

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Categories Economy

Rite Aid shutting down 27 more locations, bringing closure total to nearly 550 nationwide

Author June 24, 2024

Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing.

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Categories Economy

Forever 21 seeks rent concessions as fast-fashion brand faces financial woes

Author June 24, 2024

Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep

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Categories Economy

Paris seeing signs of strong travel demand ahead of Summer Olympics — but plenty of deals remain

Author June 24, 2024

The 2024 Summer Olympics in Paris are set to see plenty of attendees — but travel data shows there are still opportunities for

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Categories Economy

More than half a million portable device chargers sold at Costco recalled after two homes catch fire

Author June 24, 2024

More than half a million portable electronic device chargers sold exclusively at Costco are being recalled after reports they can overheat and

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