Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved…
Category:
Business
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BusinessEditor's Pick
How In-N-Out Burger’s president runs her fast-food empire: Keep it simple, affordable and close
by adminIn-N-Out isn’t your typical burger joint, and it insists expanding its footprint won’t change that. For nearly eight decades, the…
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Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk’s $56 billion pay package, which a Delaware judge voided…
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BusinessEditor's Pick
Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt
by adminStocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline…
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BusinessEditor's Pick
Trump Media director accused of ‘hacking’ files in attempted corporate ‘coup’, lawsuit alleges
by adminInvestment firms led by the former CEO of the SPAC that merged with Donald Trump’s media company allege that their files…
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BusinessEditor's Pick
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
by adminFederal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the…
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Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk.…
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BusinessEditor's Pick
Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt
by adminStocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline…
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BusinessEditor's Pick
Trump Media shares plunge after company files to issue additional DJT stock
by adminShares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock.…