Snap to lay off 10% of global workforce, around 500 employees
The Snapchat owner said it will cut 10% of its staff, the latest round of big tech layoffs even as stocks soar.
Turkey’s new central bank governor, formerly at Amazon and New York Fed, seen as a ‘credible choice’
With Turkey’s inflation at 65%, the 42-year-old economist has his work cut out for him.
Stock market in a ‘very dangerous’ position as jobs and wages run hot, fund manager says
The U.S. stock market is in a “very dangerous” spot as strong jobs numbers suggest the Fed’s interest rate hikes have not had the desired effect, says Cole Smead.
Bill Gates- and Jeff Bezos-backed startup discovers large-scale copper deposit in Zambia
The rare discovery of a large-scale copper deposit could help in the global race to secure a supply of materials critical to the energy transition.
Shares of Italy’s UniCredit jump 10% and hit eight-year high on earnings beat
Shares of Italian bank Unicredit hit their highest level since 2015 Monday, after announcing that it would return 8.6 billion euros ($9.2 billion) to investors.
European markets close slightly lower as investors ponder Fed Powell’s comments; Unicredit jumps 8%
European markets moved slightly lower Monday as investors digested the latest comments from U.S. Federal Reserve Chair Jerome Powell.
Turkey’s inflation sees biggest monthly jump since August, nears 65% year on year
In January, Turkish inflation saw its biggest monthly jump since August, rising 6.7% from the month prior, according to the Turkish central bank.
Delivery Hero reverses losses to climb 5% after reporting sales growth in line with targets
Delivery Hero put out preliminary results Monday, earlier than they were expected to drop, after the company saw 26% erased from its share value last week.
UniCredit vows to match 2023 income this year after beating forecast
Net income in the October-December period came in at 2.8 billion euros, more than double a 1.2 billion euro ($1.3 billion) average analyst consensus forecast provided by the bank.
CNBC Daily Open: A scorching start for U.S. jobs growth
U.S. jobs growth kicked off the year firing on all cylinders.
