Dropbox slashes 20% of global workforce, eliminating more than 500 roles
Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.
Airbus delivers first extra-long-range Airbus A321 as smaller jets fly farther
The new narrow-body Airbus 321XLR replaces older aircraft like Boeing 757s.
FAFSA rollout is ‘on track,’ despite remaining unresolved issues, Education Department says
The full launch of the 2025-26 FAFSA is on track for December 1 despite ongoing issues, the Education Department said.
Mortgage demand stalls as interest rates surge higher ahead of election
Total mortgage application volume was essentially flat, falling 0.1% compared with the previous week.
Biogen tops estimates, raises profit guidance as Alzheimer’s drug Leqembi gains traction
Leqembi, along with rare disease and depression treatments, helped offset a year-over-year decline in revenue for the company’s multiple sclerosis products.
10-year Treasury yield hovers near 3-month high as traders digest economic data
The yield on the 10-year Treasury note hovered near a three-month high as traders combed through a fresh batch of mixed data.
Trump appointed judge Aileen Cannon refuses to recuse from attempted assassination case
Judge Aileen Cannon rejected arguments by lawyers for Ryan Routh that she step off the case because she could be seen as partial toward Donald Trump.
Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop
OpenAI CEO Sam Altman’s stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.
AMD shares fall as forecast fails to impress despite strong AI growth
AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.
Snap shares jump 10% on profit beat, stock buyback
Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.
