NEW YORK (AP) — Amazon is pausing hiring for its corporate workforce, the latest move by the company to cut costs amid worries about the wider economic environment. Company executives have decided to halt “new incremental hires” for the entire corporate workforce and anticipate the pause to be in place for a few months, Beth…
By Priyamvada C (Reuters) – Marriott International Inc said on Thursday China’s strict COVID-19 policies were delaying openings of some properties in the country, a key market for hotel operators, where pandemic recovery has been uneven compared to United States. “The market in China is most certainly where we’re seeing the most challenges,” Chief Executive…
LISBON, Portugal (AP) — Ukraine is counting on more Western technological support as its war against Russia drags on, with Microsoft pledging Thursday to extend its backing for Kyiv’s “extraordinary” wartime innovation through the end of next year. Microsoft’s financial commitment of more than $400 million enables the Ukraine government and other organizations to continue…
The story of Twitter’s blue checkmarks — a simple verification system that’s come to be viewed as an elite status symbol — began with some high-profile impersonations, just as the site began taking off in 2008 and ’09. Celebrities who saw their likeness spoofed included Kanye West, now Ye, the basketball star Shaquille O’Neil and…
(Corrects analyst’s name in paragraph 8) (Reuters) – Shares of Roku Inc fell more than 20% in extended trading on Wednesday after the streaming platform forecast holiday-quarter revenue below Wall Street estimates as ad spending dries up. Record-high inflation and global geopolitical uncertainty from the war in Ukraine and U.S.-China tensions have led companies to…
NEW YORK (AP) — When it comes to meeting Wall Street’s expectations for profit and sales, it’s put-up-or-get-beat-up time for CEOs. It hasn’t happened very often, but when companies have turned in both weaker profits and sales this reporting season than analysts expected, investors have walloped them with record-sized punishments for their stock prices. Google’s…
By Chibuike Oguh NEW YORK (Reuters) -Global equities fell while U.S. Treasury yields rose on Thursday as investors weighed hawkish commentary from Federal Reserve Chairman Jerome Powell on the prospects of further interest rate hikes targeted at reining in inflation. Market sentiments have been bearish after the Fed on Wednesday raised rates by 75 basis…
FRANKFURT, Germany (AP) — Europe could face a severe natural gas shortage next year and needs to act now to reduce use, the International Energy Agency said in a report Thursday, warning against complacency in an energy crisis triggered by Russia’s war in Ukraine after countries were able to build up storage of the fuel…
(Reuters) – U.S. authorities are investigating whether executives have been gaming prearranged stock-sale programs designed to thwart the possibility of insider trading, Bloomberg News reported on Thursday citing people familiar with the matter. The U.S. Securities and Exchange Commission and the Justice Department are concerned some people may be manipulating stock-sale programs, which are intended…
NAIROBI, Kenya (AP) — The fire burning on Mount Kilimanjaro for almost two weeks has been largely contained after hundreds of military personnel were deployed to help, Tanzania’s prime minister said Thursday. The blaze destroyed 33 square kilometers (nearly 13 square miles) on Africa’s tallest and most famous mountain, Prime Minister Kassim Majaliwa said. The…
