Category: Business

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Elon Musk Begins Layoffs at Twitter

The social media company’s 7,500 employees have been bracing for job cuts since Mr. Musk took it over last week.  » mehr lesen

Elon Musk, Under Financial Pressure, Pushes to Make Money From Twitter

The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.  » mehr lesen

Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent.  » mehr lesen

Amazon, Lyft and Other Tech Companies Announce Job Cuts and Hiring Freezes

Amazon said it was pausing corporate hiring, while Lyft and Stripe said they were cutting jobs.  » mehr lesen

Battle Over Deep-Sea Mining Takes on New Urgency as Trial Run Winds Down

A Canadian company is testing mining equipment in the Pacific Ocean in its quest for metals needed for electric vehicles. Environmentalists oppose the mining, which could begin in 2024.  » mehr lesen

Amid Forecasts of Recession, Bank of England Raises Interest Rates

With inflation above 10 percent, the central bank ramped up its fight against price increases even as it predicted a “prolonged” recession.  » mehr lesen

CNBC Cancels Shepard Smith’s Show in Move Away From General News

Mr. Smith joined CNBC in 2020 after leaving his longtime home on Fox News, where he was a reliably nonpartisan presence.  » mehr lesen

Clean Energy Tax Break Draws Scrutiny of Natural Gas Plan in New Mexico

A defunct New Mexico coal plant would be revamped with the help of subsidies authorized by the new climate legislation, but a plan to rely on natural gas converted into hydrogen has...

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