The tech world has been rocked by mass layoffs as giants like Meta, Elon Musk-owned Twitter and Amazon bleed jobs amid economic uncertainty.  The number of IT layoffs in 2022 alone accounts for more than half of all terminations since Covid-19, according to layoffs.fyi, a tracking website. “Tech companies of …

Howmet Aerospace Inc: “I think aerospace exposure is incredibly important, and Howmet will give it to you.” UiPath Inc: “I actually believe in the company, but that company is losing money. … I am not going to compromise and suggest a company that is losing money.” Coupa Software: “They’ve been …

CNBC’s Jim Cramer said Monday that stocks in the benchmark S&P 500 will likely rally next month. “The charts, as interpreted by the legendary Larry Williams, suggest that the Santa Claus rally is coming to town next month and you’ve got to get ready for it, or else you may …

Over the weekend, federal student loan borrowers who applied for President Joe Biden’s debt forgiveness began receiving updates on their applications. Letters sent to borrowers via email let them know their forgiveness application had been approved and their servicer has also been notified. The letters state that borrowers have no …

Eric Yuan, CEO, Zoom Video Communications Source: CNBC Zoom shares slumped more than 5% in extended trading on Monday after the video-chat company issued weaker-than-expected revenue guidance for its full fiscal year. Here’s how the company did: Earnings: $1.07 per share, adjusted, vs. 84 cents per share as expected by …

Shipping containers sit at a railway facility waiting to be transferred. Scott Olson | Getty Images One of the largest rail labor unions, the Brotherhood of Locomotive Engineers and Trainmen (BLET), will honor the Brotherhood of Railroad Signalmen (BRS) strike date of December 5, the first date upon which a …

Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowledging that recent data has been encouraging, the central bank official told CNBC that the progress is only a start. “We’re going …

Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, September 28, 2021. Kevin Dietsch | Pool | Reuters Four Democratic lawmakers on …

Omar Marques | LightRocket | Getty Images DraftKings said Monday there is no evidence the online betting platform’s systems were breached following a report that some users were hacked. An unknown number of users discovered unusual activity associated with their DraftKings account that led to withdrawals from their bank accounts, …

Aldo Pavan | The Image Bank | Getty Images Cryptocurrency investors with holdings at failed exchange FTX are learning a hard lesson about investor protections, as the fate of their money now lies in bankruptcy proceedings that will likely take years to play out. Cryptocurrencies like bitcoin, ethereum and others …