Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday. The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38 […]
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Snap to lay off 10% of global workforce, around 500 employees
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media company Snap said on Monday that it would lay off 10% of its global workforce, […]
Novo Nordisk parent to buy Catalent for $16.5 billion to expand Wegovy supply
Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, November 21, 2023. Victoria Klesty | Reuters Novo Nordisk‘s parent company on Monday said it will acquire drug manufacturer Catalent in a $16.5 billion deal that could help boost the supply of the […]
The No. 1 mistake to avoid in a job interview—it gives hiring managers ‘the biggest ick,’ says new research
The fastest way to ruin a first impression in a job interview is to show up late — and the amount of time interviewers are willing to wait for you is shrinking. Tardiness is the one interview behavior that puts hiring managers off the most, according to a new report […]
Op-ed: Embrace community over consumerism. It may be the secret to a more satisfying life
Maskot | Maskot | Getty Images It’s all too easy to fall into a rhythm of mindless spending in the hustle and bustle of modern life. This cycle of buying and seeking can leave us feeling empty, constantly chasing a happiness that always seems just one purchase away. But what […]
Digital ad market shows signs of sharp rebound as Meta, Amazon point to growth
Drew Angerer | Getty Images News | Getty Images A year ago, Meta finance chief Susan Li offered chilling commentary about the state of the digital ad market, telling analysts that the struggling industry would remain in a slump. Speaking to analysts on the company’s fourth-quarter earnings call, Li said […]
Hewlett Packard Enterprise tops the 2024 JUST 100 list
Antonio Neri, CEO, Hewlett Packard Enterprise, at the NYSE, Oct. 19, 2023 Source: NYSE Technology stocks have taken back the No. 1 spot in the JUST 100, an annual ranking of large public companies on issues of key importance to the American public, with Hewlett Packard Enterprise topping last year’s […]
McDonald’s revenue misses estimates as Middle East conflict weighs on quarterly sales
Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty Images McDonald’s reported mixed quarterly results Monday as turmoil in the Middle East took a toll on its sales in those markets. Shares of the company fell less […]
Stock market in a ‘very dangerous’ position as jobs and wages run hot, fund manager says
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage […]
Bill Gates and Jeff Bezos-backed startup discovers large-scale copper deposit in Zambia
A truck makes its way over the Victoria Falls bridge, spanning over the Zambezi River, linking Zambia and Zimbabwe, in Livingstone, Zambia, on Sunday, May 8, 2022. Bloomberg | Bloomberg | Getty Images KoBold Metals, a California-based metals exploration company backed by billionaires including Bill Gates and Jeff Bezos, said […]