Ford’s October sales slide 10% amid supply chain issues
Ford Motor’s U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments to dealers.
Private payrolls rose 239,000 in October, better than expected, while wages increased 7.7%, ADP says
Companies added 239,000 positions in October, ahead of the Dow Jones estimate of 195,000, ADP reported Wednesday.
Political advertisers shift spending from Facebook to streaming platforms ahead of midterms
Facebook’s grip on political advertising has weakened this cycle, as campaigns can no longer target voters as well because of Apple’s privacy changes.
The two words investors want to hear from Wednesday’s Federal Reserve meeting
Investors will be looking to see whether the central bank plans to take a “step down” from its monetary policy path.
This startup just raised $40 million to take on Zoom with virtual office spaces
Former Yext CEO Howard Lerman has spent over a year creating Roam, a new kind of virtual office.
Strong dollar weighs on Yum Brands even as sales rise at KFC and Taco Bell
Yum Brands missed Wall Street’s earnings estimates but beat quarterly revenue expectations.
Twitter tells worried employees their vested shares will be paid in coming days
Since Elon Musk’s acquisition of Twitter closed last week, employees have been concerned that they wouldn’t be paid for their vested stock.
Ad giant IPG advises brands to pause Twitter spending after Musk takeover
Since Musk took Twitter private on Oct. 28, the site has seen a surge of racist and other hateful tweets, according to the Network Contagion Research Institute.
AMD misses but still ekes out 29% revenue growth
The chipmaker’s four business lines picked up more revenue than the company had told analysts to expect last month as it perceived a weakening PC market.
Twitter reportedly limits employee access to content moderation tools as midterm election nears
Some Twitter employees are unable to discipline users that break the app’s rules around hate speech and misinformation unless they are serious violations.
