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Monthly Archives: October 2022

NLRB says Amazon CEO Andy Jassy violated labor laws

Amazon CEO Andy Jassy speaks with CNBC’s Jon Fortt. CNBC Amazon CEO Andy Jassy violated federal labor laws when he remarked in recent interviews about how employees could be negatively impacted by unions, a federal labor agency said. In a complaint late Wednesday, the National Labor Relations Board pointed to …

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Amazon (AMZN) earnings Q3 2022

Andy Jassy, CEO of Amazon and then CEO of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. David Paul Morris | Bloomberg | Getty Images Amazon reports third-quarter earnings after the bell on Thursday. Here’s …

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Meta stock falls 23% on earnings miss, analyst downgrades

Drew Angerer | Getty Images News | Getty Images Shares of Meta plunged 23% in premarket trading on Thursday as investors and analysts digested the company’s third-quarter earnings miss and a weak fourth-quarter outlook. The parent company of Facebook reported quarterly revenue of $27.7 billion on Wednesday, a decline of …

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Michael Rubin’s Fanatics hires its first chief people officer

Orlando Ashford has been appointed chief people officer of Michael Rubin’s sports business platform Fanatics. Source: Fanatics Orlando Ashford, known for holding senior level HR roles at Fortune 500 companies like Marsh & McLennan, Coca-Cola and Motorola, is joining Fanatics in a newly created role as chief people officer, the …

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Ye escorted out of Skechers LA office after he showed up unannounced

Ye, formerly known as Kanye West, was escorted out of the Los Angeles office of shoemaker Skechers, the company said Wednesday afternoon, as the fallen rapper and fashion mogul continues to face fallout from his recent antisemitic remarks. Ye showed up unannounced and was escorted out of the building by …

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The UK’s new prime minister scrambles to save the Conservative Party

U.K. Prime Minister Rishi Sunak appointed his cabinet to include members from across warring factions of the Conservative Party. Wpa Pool | Getty Images News | Getty Images LONDON — Britain has a new prime minister, Rishi Sunak, who, in his inaugural speech outside Downing Street, vowed to “unite” the …

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South Korea GDP saw small growth in Q3, backed by ‘revenge spending’

SeongJoon Cho | Bloomberg | Getty Images Even as the global economy is headed into a recession, South Korea’s economy saw a small growth backed by what one analyst attributed to “revenge spending” as the country reopens. Gross domestic product rose 0.3% for the July-September period, according to Bank of …

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Google, Temasek, Bain report on Southeast Asia digital economy in 2022

Two women using their mobile phones at Raffles Place, the central business district area of Singapore. Nicky Loh | Bloomberg | Getty Images SINGAPORE — South East Asia’s top digital economies grew faster than expected in 2022 and is set to reach $200 billion in total value of transactions made …

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Second railroad union votes down deal needed to avert strike

A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no deal with the rail worker unions, as a Metrolink commuter train (right) arrives at Union Station in Los Angeles, California, September 15, 2022. Bing Guan | Reuters The Brotherhood of …

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Lucid Group is losing too much money

FLEX LNG Ltd: “Jimmy Chill likes FLEX. Why? Because it’s got a product that we all need.” Coinbase Global Inc: “People actually trust it, okay? They believe in it, and that is going to keep it from going down much more. … Not enough of a reason for me to …

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