The outlook for corporate profits has swiftly deteriorated, with inflation still fast and a banking scare prompting some investor caution.
Category: Corporations
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Gordon E. Moore, Intel Co-Founder Behind Moore’s Law, Dies at 94
The New York Times – Business:His prediction in the 1960s about rapid advances in computer chip technology charted a course for the age of high tech.
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Gordon E. Moore, Intel Co-Founder Behind Moore’s Law, Dies at 94
The New York Times – Business:His prediction in the 1960s about exponential advances in computer chip technology charted a course for the age of high tech.
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U.S. Approves a Merger Between Two Big North American Railroads
The New York Times – Business:Canadian Pacific’s acquisition of Kansas City Southern will create a railroad that links Canada, the United States and Mexico.
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More Retiree Health Plans Move Away From Traditional Medicare
The New York Times – Business:Retirees whose former employers offer health coverage are being shifted to privately run Medicare Advantage, often against their wishes. The change saves millions for employers.
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What Layoffs? Many Employers Are Eager to Hang On to Workers.
The New York Times – Business:Despite interest rate increases meant to cool the labor market, companies outside the tech industry worry about having too few workers, not too many.
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Young Tech Workers Are Turning to TikTok to Cope With Layoffs
The New York Times – Fashion & Style:Some workers are using the platform to share stories about job cuts, give advice and search for new roles.
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FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
The New York Times – Business:The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund.