Salesforce layoffs at its home base in San Francisco number in the hundreds so far
Salesforce Inc., which last week said it would be slashing 10% of its workforce, or about 8,000 people, has disclosed a wave of layoffs at its San Francisco headquarters in a filing with the state of California. A total of 752 job cuts will become effective March 24, Salesforce CRM, -1.72% said in a letter […]
Holy high rollers: phony pastors targeted immigrants in $28 million Ponzi scheme
“I’m everything you imagine me to be, as long as it’s good and it’s Godly.” That’s how Dennis Jali, a South African self-proclaimed finance guru sold his Christian-themed program of financial success to crowds of mainly African immigrants at churches and banquet halls in and around Baltimore and Washington, D.C. But while Jali claimed he […]
The outage of an FAA alert system has snarled flights — what’s the notice system at the center of the problem?
The overnight outage of a Federal Aviation Administration alert system snarled air traffic Wednesday morning, leading to the first nationwide grounding since the September 11, 2001, terrorist attacks. Air traffic operations were “resuming gradually,” the aviation regulator said in its most recent update. All flights already in the sky are safe to land, the regulator […]
JD Sports Fashion sees 2023 profit at the higher end of expectations after stronger Christmas sales
JD Sports Fashion PLC said Wednesday that it expects to report fiscal 2023 adjusted pretax profit toward the top end of market expectations after it booked a strong performance during the Christmas period. The sports-and-fashion retailer JD, +6.42% said that for the fiscal year ending Jan. 28 it expects to report adjusted pretax profit in […]
The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary.In 2023, in the wake of the worst days of the pandemic, most U.S. job switchers and others seeking employment want to land a job […]
The holiday PC market stunk for everyone except Apple, report says
A sharp drop in global shipments of personal computers in the holiday quarter wrapped up a year of such declines, but Apple Inc. reportedly suffered the least. Global PC shipments fell 28.1% to 67.2 million units in the fourth quarter from a year ago, research firm International Data Group reported Tuesday. All manufacturers except for […]
Powell’s in Sweden. Rates Will Likely Go Higher Still Despite Companies’ Pain.
Investors looking at Federal Reserve Chairman Jerome Powell’s speech at a conference at Sweden’s Riksbank Tuesday will be tempted to carefully parse his words for any hint as to when the interest-rate increases will stop. There will probably be less nuance to his remarks than first appears. Powell will certainly utter a few on-the-one-hand, and […]
Inari Amertron falls after report that Apple plans to drop broadcom chip
Shares of Inari Amertron Bhd. fell as much as 8.9% in early trade following a report that Apple Inc. plans to cease using some parts from major chip suppliers, including Broadcom Inc., by 2025. Shares of the Malaysia’s leading outsourced semiconductor assembly and test provider 0166, -5.71% dropped to 2.57 ringgit (59 U.S. cents) on […]
Opinion: Why a prominent Tesla investor wants Elon Musk to put him on the board
Ross Gerber is well-known in certain circles as a longtime Tesla Inc. investor, thanks to being a bullish voice on Twitter about the electric-vehicle company. As Tesla TSLA, +5.93% stock has plummeted in recent months while Chief Executive Elon Musk sells shares and focuses on his newer toy, Twitter Inc., Gerber has changed his tune […]
Look for a big cut to TSMC’s 2023 outlook as a bullish sign for chips, one analyst says ahead of earnings
The best thing Taiwan Semiconductor Manufacturing Co. can do in its earnings report Thursday is to cut its outlook for 2023 big, indicating a bottoming in the first half of the year, according to one analyst Monday. TSMC TSM, +3.87% is scheduled to report fourth-quarter earnings on Thursday at 1 a.m. Eastern Time. Needham analyst […]