Google employees scramble for answers after long layoffs

Google employees scramble for answers after long layoffs

Google employees are scrambling for answers from management and co-workers as the company undergoes a massive layoff. Friday, AlphabetGoogle, owned by Google, announced the cut of 12,000 employees, or about 6% of the full-time workforce. As employees prepared for a possible layoff, they questioned management about the criteria for layoff, which surprised some employees, who … Read more

Retirees are not reaching the retirement income replacement rate

Retirees are not reaching the retirement income replacement rate

Mstudioimages | E+ | Getty Images To maintain your standard of living in retirement, the general rule is that you must be able to replace at least 70% of the income you had while you were working. But many retirees are not meeting that retirement income goal, according to research by Goldman Sachs Asset Management. … Read more

China says Covid outbreak has infected 80% of population

China says Covid outbreak has infected 80% of population

Pedestrians in the Lujiazui financial district in Pudong in Shanghai, China on Tuesday, Jan. 3, 2023. Bloomberg | Bloomberg | Getty Images The possibility of a big Covid-19 rebound in China in the next two or three months is remote as 80% of people have been infected, a leading government scientist said on Saturday. The … Read more

Elon Musk defends tweets in San Francisco securities fraud lawsuit

Elon Musk defends tweets in San Francisco securities fraud lawsuit

Alex Spiro, attorney for Elon Musk, center, leaves court in San Francisco, California, U.S., Tuesday, January 17, 2023. Benjamin Fanjoie | Bloomberg | Getty Images You’re here CEO Elon Musk appeared in federal court in San Francisco on Friday to defend tweets he posted to his tens of millions of followers in August 2018. The … Read more

Feds seize nearly $700 million in FTX assets in Sam Bankman-Fried case

Feds seize nearly 0 million in FTX assets in Sam Bankman-Fried case

Former FTX chief executive Sam Bankman-Fried (C) arrives to plead before U.S. District Judge Lewis Kaplan in federal court in Manhattan, New York, January 3, 2023. Ed Jones | AFP | Getty Images Federal prosecutors seized nearly $700 million in cash and assets tied to Sam Bankman-Fried, mostly in the form of Robinhood stock owned … Read more

Cramer names 6 e-commerce games that are buys, says to wait on Amazon

Cramer names 6 e-commerce games that are buys, says to wait on Amazon

On Friday, CNBC’s Jim Cramer offered investors a list of e-commerce coins he thinks are worth buying, despite the group’s rough performance in 2022. “There are still e-commerce games that I’m willing to support here, the ones that have really prioritized profitability,” he said. Here is his list: Etsy Shopify pinterest Free market Soft Prologue … Read more

Google, Amazon, Microsoft, Meta, Twitter severance pay comparison

Google, Amazon, Microsoft, Meta, Twitter severance pay comparison

Google’s headquarters are seen in Mountain View, California, U.S., September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Tech companies have laid off tens of thousands of workers in recent months as the industry grapples with reduced risk appetite from investors and rising borrowing costs. … Read more

Fed Governor Waller backs quarter-point interest rate hike at next meeting

Fed Governor Waller backs quarter-point interest rate hike at next meeting

Christopher Waller, U.S. President Donald Trump’s nominee for Governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, DC, Thursday, February 13, 2020. Andre Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said on Friday he favored raising interest rates by a quarter of a percentage point … Read more

Existing home sales fall in December at slowest pace since 2010

Existing home sales fall in December at slowest pace since 2010

Homes in Rocklin, California, U.S., Tuesday, Dec. 6, 2022. A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate broker Redfin. David Paul Morris | Bloomberg | Getty Images Used home sales fell 1.5% in December from the previous month, according to the National Association … Read more