Business

The era of “exuberance and euphoria” in the tech industry is coming to an end, according to Airbnb CEO Brian Chesky. He has plenty of release dates to back him up. A wave of job cuts has swept the tech industry in recent weeks. Earlier this month, Facebook’s parent company Meta announced it would cut 11,000 jobs. Amazon announced this…

With major holidays like Hanukkah, Christmas, and Kwanzaa just around the corner, it’s time to start planning who you’ll be sending gifts to. The US Postal Service, as well as UPS and FedEx, have all released their shipping deadlines to ensure your loved ones receive their package on time. Why is it especially important to plan ahead this year? Because…

Attorneys for airlines and the Justice Department expressed sharply opposing views about an alliance between American Airlines and JetBlue during Friday’s closing arguments in a case that will test the Biden administration’s aggressive enforcement of antitrust laws. The partnership will allow American and JetBlue to coordinate flight schedules and share revenue on many routes to and from New York and…

President Joe Biden warned Friday that “it will take time” for inflation to come down, but he reaffirmed that legislation he signed into law earlier this year will soon help raise health care and energy costs limit. He made the comments at a meeting with business and union leaders at his first public event since returning from a world tour…

Saving for retirement is one of the most important financial to-dos, but the journey from zero balance to comfortable savings that you can live on in your later years isn’t always linear. According to the latest data from Fidelity, the average 401(k) balance fell for the third straight quarter and is now nearly 23% down from last year’s $97,200. Some…

Like many other centralized cryptocurrency exchanges, FTX issued FTT after launching in 2019. For a while, FTT was a massive source of growth and revenue for FTX. Investors bought into FTT’s idea as FTX offered rewards including trading discounts and VIP status on its website in exchange for owning the token. Investors were also promised “guaranteed liquidity” by disgraced FTX…

Elon Musk’s management bombing on Twitter has so thinned the ranks of the software engineers who power the world’s de facto public sphere that industry insiders and programmers who have been fired or resigned this week agree: Twitter could soon fray as badly as it might actually crash. Musk ended a very public standoff with nearly two dozen programmers critical…

Omicron-spawn BQ.1 and BQ.1.1 now lead the US COVID variants, eclipsing the previously dominant BA.5 two to one, the CDC reported Friday. like dr Jake Lemieux, an assistant professor of medicine at Harvard Medical System and an infectious disease specialist at Massachusetts General Hospital, said Thursday, “The bottom line is that we’re still in the omicron era, or omicron-plus era.”…

As the specter of a global economic downturn looms, we hear many CEOs struggling to articulate how they intend to “recession-proof” their companies — without abandoning their growth strategies. At a recent wealth At the Global Forum in New York, I had the opportunity to speak to fellow CEOs about forecasting what would be a turbulent year and to hear…

Citadel CEO Ken Griffin is concerned about America’s dependence on Taiwan’s semiconductor industry and that US restrictions on sales of advanced computer chips to China could make an invasion of Taiwan more tempting for Beijing. America is “totally and completely dependent on the Taiwanese for advanced semiconductors,” the billionaire hedge fund chief said at the Bloomberg New Economy Forum in…