News
First Republic Bank mulls $100-billion asset sale in bid to stay afloat
First Republic Bank is exploring divesting $50 billion to $100 billion of assets as the beleaguered lender attempts to rescue...
Alphabet, Microsoft results ease analysts’ concerns over big tech stocks
An exchange-traded fund that tracks the Nasdaq 100 Index rose 0.8% in extended trading on Tuesday, supported by strong results...
3M to lay off 6,000 staff as CEO seeks to cut costs
3M Co. plans to cut 6,000 jobs in the manufacturer’s latest move to adjust to slumping demand in several key...
Cisco warns AI software could make phishing attacks harder to fend off
Cisco Systems Inc. warned that artificial intelligence software such as OpenAI’s ChatGPT will make phishing attempts much harder to detect,...
Tucker Carlson fired from Fox over discrimination lawsuit
Fox chairman Rupert Murdoch ordered presenter Tucker Carlson’s firing on Monday over a discrimination lawsuit filed by a former producer on his show,...
Silicon Valley startups buckle up for a tough summer
The startup world has had a tough year — plagued by mass layoffs, plummeting venture capital investment and the chaotic collapse of...
Biden reportedly to launch reelection bid next week
US President Joe Biden is reportedly preparing to formally kick off his 2024 reelection campaign with the release of a...
Federal Reserve’s inflation expectations index falls to lowest since 2021
A broad-based measure of inflation expectations compiled by the Federal Reserve fell last quarter to its lowest level in almost...
Lyft plans job cuts, could affect 30% of employees
Ride-hailing company Lyft Inc. plans to cut 1,200 or more jobs in a fresh round of layoffs, the Wall Street...
BuzzFeed News announces its closure
BuzzFeed News is shutting down, the once-iconic media brand’s founder and CEO Jonah Peretti announced in a company-wide memo on...
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