The Bumble app is displayed on a smartphone in New York on Nov. 6, 2023. Gabby Jones | Bloomberg | Getty Images Bumble on Tuesday announced plans to lay off about 350 employees as part of a restructuring plan. A company spokesperson said the cuts amount to about 30% of […]
CNBC News
Zoom CFO explains how the company serves remote and in-person workers
Zoom CFO Kelly Steckelberg told CNBC’s Jim Cramer on Tuesday that the company is not just a video conferencing platform, saying it has successfully broadened its offerings. “We have customers that are fully remote still, they’ve chosen that as a way of working because of the flexibility it provides,” she […]
Why South Korea’s Japan-style measures to boost its stock market may not work
An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s Japan-style measures for improving corporate governance may not […]
Apple cancels plans to build an electric car
Apple CEO Tim Cook waves a checkered flag to the race winner at the Formula One United States Grand Prix Circuit of the Americas in Austin, Texas, on Oct. 23, 2022. Mike Segar | Reuters Apple will wind down its team working on electric cars, called Special Projects Group, according […]
Rocket Lab says contract backlog tops $1 billion, outlines Neutron progress toward first launch
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab is making steady progress on the development of its Neutron vehicle, as the company reported fourth-quarter results that saw its contract backlog soar above $1 billion. The space company reported […]
Starbucks to hike wages for union workers as it thaws relationship with Workers United
A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in […]
‘I feel right in doing this’: Nikki Haley donors keep giving, despite Trump’s lead
U.S. Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley speaks at a campaign stop in Elgin, South Carolina, U.S., February 12, 2024. Julia Nikhinson | Reuters As Nikki Haley falls behind Donald Trump in the Republican presidential primary, something strange is happening: Many of her donors […]
Bitcoin firm MicroStrategy pops 27% in two days as company’s crypto stake hits $11 billion
MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images MicroStrategy‘s HODL strategy is continuing to reward investors. The company said on Monday that it acquired an […]
Hims & Hers soars 31% on rapid growth in mental health, weight loss and dermatology treatments
The New York Stock Exchange with a Hims & Hers Health banner is pictured in the Manhattan borough of New York City on Jan. 21, 2021. Carlo Allegri | Reuters Hims & Hers Health, the online provider of treatments for erectile dysfunction and hair loss, had its best day on […]
Apple reportedly cancels plans to build an electric car
Apple CEO Tim Cook waves a checkered flag to the race winner at the Formula One United States Grand Prix Circuit of the Americas in Austin, Texas, on Oct. 23, 2022. Mike Segar | Reuters Apple will wind down its team working on electric cars, called Special Projects Group, according […]