Amazon’s Audible unit lays off about 5% of staff
Audible CEO Bob Carrigan said the move was being made in an effort to position the unit “for continued success,” according to a memo viewed by CNBC.
Big Tech had a huge 2023. Why it may be time to part with some of your winners
Portfolio rebalancing is the right thing to do, but few are thrilled to part with their hottest holdings.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.
Red Sea crisis could jeopardize inflation fight as shipping costs spike globally
JPMorgan told clients the fight against inflation could stall in the coming months if shipping costs push the price of goods higher.
Here’s what a bitcoin ETF actually means for investors
The SEC approved the first-ever spot bitcoin ETFs on Wednesday, paving the way to begin trade. Here’s what you need to know.
Google cuts hundreds of jobs across engineering, hardware teams
Google cut several hundred jobs across the company late Wednesday across engineering and hardware teams.
Sanctioned Western tech is still entering Russia and powering its military machine, new analysis shows
Russia is continuing to import large volumes of Western technology critical to its war against Ukraine, even as sanctions show some signs of taking hold, new analysis shows.
Trump fraud trial adjourns, all eyes now on Judge Engoron
Donald Trump was accused by New York Attorney General Letitia James of a yearslong fraud involving real estate valuations by the Trump Organization.
Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in “days, weeks or months.”
