Uber Freight has laid off 150 employees, or about 3% of the segment’s total head count. The layoffs affect the division’s digital brokerage team, Uber Freight CEO Lior Ron said Monday in a message viewed by CNBC. They are the first layoffs since 2020, in the early weeks of Covid lockdowns. …

Updated  Jan. 24, 2023, 9:33 a.m. ET Jan. 24, 2023, 9:33 a.m. ET The Senate Judiciary Committee will hold a hearing on Tuesday about the state of competition the ticketing industry, where Ticketmaster is the dominant force but has come under scrutiny since it botched the sale of tickets to …

Starship prototype 24 stacked on top of Super Heavy booster prototype 7 at the company’s facility near Brownsville, Texas on January 9, 2023. SpaceX SpaceX announced on Monday it completed a major test of its latest Starship prototype, as the company prepares for the first orbital launch of the towering …

A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines before the bell. Verizon — Verizon shares slipped 1.51% after the company posted mixed results for the 2022 fourth quarter. While earnings met analyst predictions, …

Consumers have been feeling the pinch from higher food prices as inflation soars. Nathan Stirk | Getty Images News | Getty Images As inflation continues to push up grocery bills, supermarket chain Tesco has warned that some food producers may be taking advantage of the situation by raising prices more …

The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images The Qatar Investment Authority is the second-largest shareholder in Credit Suisse after doubling its stake in the embattled Swiss lender late last year, according to a filing with the U.S. …

The pace of change in the modern world is often rapid and dizzying. Technologies that seem integral to our lives can, in what feels like an instant, become redundant and irrelevant. Energy is one sector where innovation and new ideas matter a great deal, as countries and companies try to …

Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Days after Google announced the largest round of layoffs in the company’s 25-year history, executives defended the job cuts and took questions from a concerned workforce during a town hall meeting on Monday. Google CEO Sundar Pichai led the …

A trader works on the trading floor at the New York Stock Exchange (NYSE), January 5, 2023. Andrew Kelly | Reuters U.S. stocks have fallen far short of their global peers over the past three months, a rarity in recent years, and analysts expect this divergence to widen over the …

CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoin‘s recent gains and instead look to gold. “The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation …