Category: United States

More than 3,000 Amazon.com Inc. employees in New York, California and the company’s home state of Washington were recently notified that they are losing their jobs as part of a second big wave of the company’s mass layoffs. As required by law, Amazon AMZN, -1.23% filed notices of the job cuts with the three states […]

Business confidence in Germany improved in January to its highest level since June, adding to signs of resilient activity at the beginning of the year as optimism returns amid easing concerns over an imminent recession. The Ifo business-climate index rose to 90.2 in January from 88.6 in December, posting a fourth-consecutive monthly improvement, data from […]

Givaudan SA on Wednesday said that profit rose in the full year with solid growth across segments and geographies, and raised its annual dividend. The Swiss flavor-and-fragrance company GIVN, +0.03% posted net profit of 856 million Swiss francs ($ 927.8 million) for the year compared to CHF821 million a year earlier. Earnings before interest, taxes, […]

Most investors want to keep things simple, but digging a bit into details can be lucrative — it can help you match your choices to your objectives. The JPMorgan Equity Premium Income ETF JEPI, +0.13% has been able to take advantage of rising volatility in the stock market to beat the total return of its […]

Adult Swim cut its ties with “Rick and Morty” co-creator Justin Roiland on Tuesday, following news that he was awaiting trial on felony domestic violence charges. “Adult Swim has ended its association with Justin Roiland,” the network said in a brief statement, adding that the animated series will continue. Roiland, 42, was charged in Orange […]

If you think the Federal Reserve wouldn’t dare keep interest rates high and risk throwing the U.S. economy into recession, Keith McCullough would like to have a chat with you. He’s convinced that 2023 will bring a U.S. corporate profit recession and a credit crunch as businesses struggle to obtain financing and pay down debt. […]

Dear Quentin, My mother recently passed away and I was written out of the will, except for a small amount. She and I had several disagreements over the past two years. This change of will occurred 15 months prior to her death, with her executors present. The remainder of her estate is being divided between […]

Not so long ago, the announcement of the Oscar nominations was a big deal to me. I immediately took stock of what films made the cut — and, just as important, what films didn’t — and debated the selections with fellow moviegoers. But this year’s announcement? It was barely a blip on my personal radar […]

PayPal Holdings Inc. helped make it easy for consumers to store their payment information for online purchases. Now the banks want in on that game. The Wall Street Journal reported Monday that a handful of big banks including Wells Fargo & Co. WFC, +2.53%, Bank of America Corp. BAC, +1.39%, and JPMorgan Chase & Co. […]

This article is reprinted by permission from NerdWallet.  A new year is a time for resolution-making, and in 2023 you may be especially determined to get control of your finances. For many, that means eliminating high-interest credit card debt.  Credit card balances were up 15% in the third quarter of 2022 compared to the same […]

Swatch Group AG said Tuesday that it expects to achieve a record year in 2023 in light of China’s reopening, as it posted higher sales and net profit for last year. The Swiss watchmaker UHR, +1.12% said net profit for 2022 stood at 807 million Swiss francs ($ 875.5 million) compared with CHF765 million in […]

Twitter Inc. is being sued by the landlord of its San Francisco headquarters, which accuses Elon Musk’s social-media company of not paying nearly $ 7 million in rent in December and January. In a lawsuit filed Friday in California Superior Court in San Francisco, SRI Nine Market Square LLC said Twitter breached the terms of […]

Google Chief Executive Sundar Pichai said top executives would take pay cuts following the largest round of layoffs in the company’s history. Speaking at a companywide meeting on Monday, Pichai said employees at the senior-vice president level and above would get lower bonuses as part of cost-cutting measures, according to people who heard the remarks.  The comments came after […]

Last year, tax preparer Kathy Brown called the Internal Revenue Service, and took her daughter to a gymnastics class while her husband stayed on hold, ready to patch in Brown once an employee picked up. Seven hours later, after sitting through the gymnastics class and returning home, the Warsaw, Ky.-based enrolled agent found her husband […]

Danone, the food conglomerate behind yogurt and milk brands Activia, Dannon, Oikos and Horizon Organic, aims to cut Earth-warming methane emissions from its fresh-milk supply chain by some 30% over the next seven years. The scope of the reduction and the reach of this international food concern is significant, climate-change analysts said. France-based Danone BN, […]

The consumer electronics industry is getting new life from an old product: laptops. Although the changes are evolutionary rather than revolutionary, they’re substantial enough to make the laptop sector more competitive with the desktop PC sector of the market. This is especially significant as global PC sales tumbled 19.5% in the third quarter of 2022 […]

Customers of failed crypto ventures like FTX, Celsius Network or Genesis may one day see some of their money again, but they better be prepared to wait. Experts say recovering money from frauds and other financial collapses is a complex and hard-to-predict process and while often some money can be returned, it can take years […]

Ken Griffin’s U.S. hedge fund Citadel made $ 16 billion in profit after fees last year – the largest annual gain ever made by a hedge fund manager, an investor has estimated. In a report published on Monday by fund of funds LCH Investments, Citadel topped the top 20 hedge fund manager’s list beating John […]

After slowing its pace of hiring last year, Spotify Technology SA is planning layoffs as soon as this week, according to a new report, adding to the wave of jobs cuts sweeping across the tech industry. Citing people familiar with the plans, Bloomberg News reported late Sunday that the streaming music service faces imminent job […]

Bonds and stocks may be getting back to their usual relationship, a plus for investors with a traditional mix of assets in their portfolios amid fears that the U.S. faces a recession this year. “The bottom line is the correlation now has shifted back to a more traditional one, where stocks and bonds do not […]