Salesforce is laying off about 10% of its workforce, more than 7,350 employees, in the latest round of job cuts in the tech industry as corporations cut back on software and other spending. The San Francisco cloud computing software company will also be closing some offices, according to a regulatory filing Wednesday. “The environment remains … Read more
Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders. Starling customers will no longer be able to purchase cryptocurrencies like Bitcoin (BTC) or receive incoming transfers from crypto exchanges or merchants. The online bank announced the news in a … Read more
Shares of UnitedHealth Group Inc. UNH, +2.85% fell 0.5% and Cigna Corp. CI, +2.28% slumped 2.3% in premarket trading Monday, after Raymond James analyst John Ransom downgraded the health insurers, citing concerns that the “tripledemic” of the flu, RSV (respiratory syncytial virus) and COVID could lead to higher-than-expected medical loss ratios (MLRs). Ransom is also … Read more
Carvana Plans to Lay Off 1,500 Employees, Citing Economic Concerns Source link
Article content LONDON (AP) — The British government has blocked a Chinese-owned company’s takeover of a Wales-based microchip maker, calling it a risk to national security. Article content Nexperia, a Netherlands-based firm owned by China’s Wingtech, announced last year that it had acquired a 100% stake in Newport Wafer Fab, one of Britain’s biggest semiconductor … Read more
Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection amid FTX facing liquidity issues. In a Nov. 10 statement, Waters cited FTX’s difficulties as the latest example of incidents “involving the collapse of cryptocurrency companies” and how such events … Read more
Mondelez International’s CEO told Reuters that the food giant has stopped advertising on Twitter because of a spike in hate speech on the social media platform following Elon Musk’s takeover. “What we’ve seen recently since the change on Twitter has been announced, is the amount of hate speech increase significantly,” CEO Dirk Van de Put … Read more
The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “transportation and procurement activities” for the Democratic People’s Republic of Korea in its list of Specially Designated Nationals. In a Nov. 8 announcement, the Department of … Read more
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Oct 29, 2022 • 20 minutes ago • 3 minute read • Join the conversation Article content Russia on Saturday suspended participation in a U.N.-brokered Black Sea grain deal after what it said was a major Ukrainian drone attack on its fleet in Crimea, dealing … Read more
Edwards Lifesciences (EW) slashed its profit outlook, leading EW stock to plummet Friday amid continued hospital staffing and exchange-rate challenges. X On today’s stock market, EW stock tumbled 17.9% to 70.87. For the year, the maker of heart products now expects to earn $2.40-$2.50 per share, down from its prior outlook for $2.50-$2.65. Edwards noted … Read more