Spotify to trim 6% of workforce, content head to depart
Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs in the technology sector.
Apple wants to manufacture 25% of its iPhones in India, minister says
India’s minister of commerce and industry said Apple is looking to make 25% of all iPhones in India, up from between 5%-7% currently.
Treasury yields rise as investors assess monetary policy outlook
U.S. Treasury yields rose slightly Monday as investors mulled the Fed’s next interest rate decision and considered the outlook for the economy.
Goldman Sachs to cut asset management investments that weighed on earnings
The Goldman Sachs asset management arm will substantially cut from $59 billion of alternative investments.
European markets close higher as investors weigh economic outlook
European markets closed higher Monday with investors gauging the economic outlook.
Activist investor Elliott Management reportedly takes stake in Salesforce
It is unclear what Elliott, one of the world’s most prominent activist investors, is pushing for at Salesforce.
Japan’s finance minister warns of severe finances as BOJ struggles to contain yields
Japan’s public debt is more than double its annual economic output, by far the heaviest burden in the industrialized world.
Japan’s finance minister warns of severe finances as BOJ struggles to contain yields
Japan’s public debt is more than double its annual economic output, by far the heaviest burden in the industrialized world.
Malaysia’s egg shortage sets Indian hatcheries on path for record exports
Soaring feed prices caused by the Ukraine war forced many small-scale farmers to cut output, industry officials said.
Analysts love these stocks that are flush with cash — giving one over 75% upside
Investors are doubling down on cash-rich companies. CNBC Pro screened for stocks that could be best positioned for a rocky year.
