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Goldman Sachs Begins Large Round of Layoffs

The investment bank plans to cut up to 3,200 jobs, or roughly 6 percent of its work force, as it faces economic challenges and cuts costs after an expensive foray into consumer...

Inside Intel’s Delays in Delivering a Crucial New Microprocessor

The company grappled with missteps for years while developing a microprocessor code-named Sapphire Rapids. It comes out on Tuesday.  » mehr lesen

Disney Revises Pricing Policies at Its Parks

Ticket prices won’t exactly be less, but the cost of some activities and perks will be adjusted, after complaints about the cost of visits.  » mehr lesen

French Government Unveils Plan to Raise Retirement Age to 64

President Emmanuel Macron is focusing on cutting costs in France’s pension system, but labor unions, which fiercely oppose the measure, have promised a showdown.  » mehr lesen

100 Infant Deaths Linked to Recalled Fisher-Price Sleeper

The fatalities occurred over 13 years, including eight since the Rock ’n Play Sleeper was recalled in 2019, the Consumer Product Safety Commission said.  » mehr lesen

Virgin Orbit’s Failed Launch a Setback for U.K.’s Space Industry

When a Virgin Orbit rocket fell short of orbit, it dealt a blow to Britain’s space program and the companies whose satellites were lost in the mission.  » mehr lesen

Powell Says Fed ‘Will Not Be’ a Climate Policymaker

In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.  » mehr lesen

Coinbase Lays Off Another 20% of Employees

The cuts at the cryptocurrency exchange come after nearly a fifth of employees were let go in June, as crypto markets teeter and tech companies rethink their growth plans.  » mehr lesen

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