Spotify Axes 17% Of Workforce In Third Round Of Layoffs This Year
The music streaming service hopes the cuts, which amount to about 1,500 people, will help it become profitable.
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Democrats Question Semiconductor Program Ties to Wall Street
Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, saying the staffing raised questions about the creation and abuse of a revolving door between government and industry. In a letter to the Commerce Department, Senator Elizabeth Warren of Massachusetts…
US regulator probes banks’ climate risk planning | Reuters News Agency
Business & FinanceEconomy 14 December 2023, 4:50 am 1 minute Reuters was first to report that the U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street’s accounting for…
WSJ News Exclusive | Boeing CEO Says Company Needs to Acknowledge ‘Our Mistake’
Updated Jan. 9, 2024 8:05 pm ET Boeing CEO David Calhoun said the company needs to acknowledge its mistake as the aircraft maker reels from a door-plug failure that has resulted in roughly 170 of its planes being grounded and spooked its customers. In his first remarks since the harrowing accident, Calhoun indicated a misstep…
Buying Home and Auto Insurance Is Becoming Impossible
Listen to article (2 minutes) After Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option. The insurance giant threatened last fall to stop renewing auto insurance for customers in three states that hadn’t given in to its demands, which would have left…
