Tag: Business
Netflix founder Reed Hastings is giving up his CEO role
Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.
Lunar New Year tourism hopes fizzle as Chinese stay home
BANGKOK (AP) — A hoped-for boom in Chinese tourism in Asia over next week’s Lunar New Year holidays looks set to be more of a blip as most travelers opt to stay inside China if they go anywhere. From the beaches of Bali to Hokkaido’s powdery ski slopes,...
Job cuts in tech sector spread, Microsoft lays off 10,000
Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.
'A grotesque mockery': Nick Cave slams attempt by AI to emulate his songs | CNN
Nick Cave has reacted furiously to an attempt to emulate his songs with AI, labeling it a "grotesque mockery of what it is to be human."
BlackRock's Hildebrand Says Inflation Will Drop `Very Quickly'
Blackrock Vice Chairman Philipp Hildebrand discusses the outlook for inflation and central bank policy. He speaks on "Bloomberg Surveillance" on the sideline...
Bed Bath and Beyond sees ‘meme-stock’ surge – but is it too little, too late?
The US home retailer, once worth $17bn, looks destined to enter chapter 11 despite a market rally this week. What went wrong?
Italian energy company says new gas discovered off Egypt
Italian energy giant Eni has announced what it calls a significant gas discovery offshore of Egypt in the eastern Mediterranean
Terrifying near-miss between passenger planes at JFK Airport
The pilot of a Delta jet braked moments before colliding with an American Airlines plane. No one was hurt in the incident, but the Delta flight returned to the gate where 145 passengers and six crew members deplaned. Delta issued an apology to customers,...
What the return of Chinese tourists means for the global economy | CNN Business
In the years before Covid, China was the world's most important source of international travelers. Its 155 million tourists spent more than a quarter of a trillion dollars beyond its borders in 2019.
The biggest mistakes owners make when selling their business
There's a lot at stake for an entrepreneur when they sell their business, as 80% to 90% of owners have their financial wealth locked up in their companies.
Salesforce to cut staff by 10% in latest tech layoffs
Salesforce said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan.
Foreign companies show heightened interest in China
Many foreign companies hold the viewpoint that China has entered a new era epitomized by more economic growth.
Elon Musk's Twitter obsession isn't the core reason for Tesla stock's plunge | CNN Business
A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire's love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla's steep stock selloff this week proved that the problems at Musk's c...
The INSANE Rise and Fall of MySpace
Myspace was once the most visited website on the internet, even outranking Google. But in 2004 the myspace founders had a meeting with a young guy named Mark Zuckerberg who was offering to sell them his website, which was then called The Facebook. The pri...
Binance's native BNB token plunges to lowest since July as concerns mount about withdrawals, FTX ties
Crypto exchange giant Binance, the firm that would potentially bail out FTX, is facing its own questions now, and investors are selling out of its native coin.