High rates and the challenges they create for tech companies. Why many tech companies are suddenly finding themselves people heavy...
Continue ReadingThis is an audio transcript of the FT News Briefing podcast episode: ‘Amazon set for big job cuts’Sonja HutsonGood morning from the Financial Times. Today is Tuesday, November 15th, and this is your FT News Briefing...
Continue ReadingJeff Bezos giveth. Jeff Bezos taketh away. On Monday, the world's-sometimes-richest-man said he's finally ready to part with a significant.....
Continue ReadingAmazon founder Jeff Bezos on Saturday offered some advice to individuals and small business owners as he noted the economy "does not look great right now."...
Continue ReadingAmazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date...
Continue ReadingThe founder of Amazon is well positioned to take the pulse of the economy because the e-commerce giant is a juggernaut that serves consumers and businesses alike. "I don't know whether we're technically in a recession economists argue over that - they have some technical definitions," Bezos responded...
Continue ReadingBerkshire Hathaway's 13F portfolio value decreased from ~$300B to ~$296B this quarter. Read more to see about Warren Buffett's holdings and trades for Q3 2022...
Continue ReadingBerkshire Hathaway's 13F portfolio value decreased from ~$300B to ~$296B this quarter. Read more to see about Warren Buffett's holdings and trades for Q3 2022...
Continue ReadingJeff Bezos is making headlines. The billionaire founder of Amazon seems to have a media plan that he has been executing perfectly for several weeks. "Yep, the probabilities in this economy tell you to batten down the hatches," Bezos posted on Twitter on October 18...
Continue ReadingJoe Biden and Xi Jinping used their first in-person meeting as leaders to signal a desire to improve US-China ties after relations between the two powers plunged to a multi-decade low. With Taiwan tensions hanging over the meeting, the two leaders agreed that senior officials would “maintain communication” on a range of transnational issues, including climate change, global economic stability and food security, a White House readout of the meeting said. The US president added that Antony Blinken, secretary of state, would visit China for talks...
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