Business

Disney to begin layoffs, targeted hiring freezes and travel restrictions

Disney to begin layoffs, targeted hiring freezes and travel restrictions

Disney will begin layoffs, implement a targeted hiring freeze and limit corporate travel as part of a broad cost-cutting campaign announced to management on Friday. In a note obtained by Variety, which was sent to top executives on Friday afternoon, Disney CEO Bob Chapek wrote, “I fully realize this will be a difficult process for …

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The Bitcoin, Ethereum and Dogecoin Setup in the Weekend After FTX Mess, CPI Data, This Bullish Pattern - Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

The Bitcoin, Ethereum and Dogecoin Setup in the Weekend After FTX Mess, CPI Data, This Bullish Pattern – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Bitcoin BTC/USD swung wildly between 9 a.m. and 10 a.m. after news broke that cryptocurrency platform FTX had filed for bankruptcy. The volatility caused Ethereum ETH/USD and Dogecoin DOGE/USD follow the movement. Between 09:00 and 09:30, Bitcoin plunged more than 5% before spending the next 30 minutes almost fully rebounding to the $17,267 level. Since …

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Solana TVL drops nearly a third as FTX turmoil rocks the ecosystem: finance redefined

Solana TVL drops nearly a third as FTX turmoil rocks the ecosystem: finance redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you significant developments over the past week. The second week of November could have been a bullish week, as the Consumer Price Index data released on November 10 indicates weaker than expected inflation. This has resulted …

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Musk's Twitter chaos throws outrageous insulin prices into the spotlight

Musk’s Twitter chaos throws outrageous insulin prices into the spotlight

Enlarge / Lawyers held a vigil in September 2019 outside the offices of Eli Lillys in New York, honoring those who lost their lives due to the high cost of insulin and demanding lower prices for insulin. Social media platform Twitter has been mired in uncertainty and disorder in the few, but long, days since …

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SpaceX shakes up Starship leadership in Texas as pressure mounts for rocket's next milestone

SpaceX shakes up Starship leadership in Texas as pressure mounts for rocket’s next milestone

An aerial view of a Starship prototype stacked on top of a Super Heavy booster at the company’s Starbase facility outside of Brownsville, Texas. SpaceX As Elon Musk makes daily headlines about the changes on Twitter, a major revamp is underway at his space company’s launch facility in Texas. SpaceX President and COO Gwynne Shotwell …

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Elon Musk's first big Twitter product was put on hiatus after fake accounts spread

Elon Musk’s first big Twitter product was put on hiatus after fake accounts spread

Comment this story Comment Twitter has paused allowing people to sign up for its paid subscription feature which grants blue ticks amid a flood of fake accounts, just days after launching the controversial feature. A memo to Twitter employees sent Thursday evening says it’s decided to temporarily disable signups for Twitter Blue, its new $7.99 …

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Meta Layoffs Caught Workers By Surprise: 'I Thought I'd Be Clear In This Layoff'

Meta Layoffs Caught Workers By Surprise: ‘I Thought I’d Be Clear In This Layoff’

Earlier this week, a technical recruiter at Meta (META) thought the layoffs wouldn’t affect her, she told Yahoo Finance. She performed well on the job, always meeting or exceeding the expectations of a company that had made it a priority to attract engineering talent for years. She was also in her third trimester of pregnancy. …

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Live stock market news updates: Stock market rally takes a breather after biggest one-day rise since 2020

Live stock market news updates: Stock market rally takes a breather after biggest one-day rise since 2020

U.S. stocks halted their dramatic ascent on Friday morning after a deceleration in CPI inflation data sparked the most intense rally on Wall Street since the start of 2020. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each posted a modest 0.1% gain at the open, while the Nasdaq Composite (^IXIC) slipped below …

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