Elevance to Acquire Louisiana Nonprofit Health Insurer
HealthThe company didn’t disclose terms of the deal, which could add roughly 1.9 million members Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Janet Yellen Pushes China on Debt Relief for Zambia
The Treasury secretary, during a three-country trip to Africa, pursued a crucial test of a U.S.-backed effort to help developing...
Spotify to Cut 6% of Workforce in Latest Tech Layoffs
TechStreaming company says move is part of broader cost-cutting measures Source link
WSJ News Exclusive | Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default
Treasury Secretary says the Federal Reserve likely wouldn’t accept a platinum coin if one were minted in an effort to...
Economy Week Ahead: U.S. GDP, Household Spending in Focus
EconomyEconomy Week AheadBusiness-activity surveys from around the world, as well as Canada’s monetary-policy decision, are on tap Source link
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
Tesla, Microsoft Are Headlining First Busy Earnings Week of 2023
BusinessEarnings PreviewVerizon and Southwest also on tap as economists gauge effect of interest rates Source link
Unemployed Americans Find Job Searches Take Longer as Labor Market Cools
In December, 826,000 unemployed workers had been out of a job for about 3½ to 6 months, up from 526,000...
How Apple Has So Far Avoided Layoffs: Lean Hiring, No Free Lunches
The iPhone maker’s workforce grew 20% in the past three years, a far slower pace than rivals. Source link
The Offshore Oil Business Is Gushing Again
The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship...
New Display Tech Is Coming From Apple, Google, Meta and Others
American adults spend the majority of their waking hours looking at screens—and yet most of those screens, including the one...
Janet Yellen Says Treasury Can’t Prevent Default if U.S. Breaches Debt Limit
PoliticsMissing a payment on any government obligation would constitute default, Treasury secretary says Source link
Elon Musk Flags Tweets’ Limitations in Tesla Trial
TechDefense has called Tesla CEO’s tweets on taking car maker private imperfect shorthand Source link
WSJ News Exclusive | GM, LG Scrap Plans to Partner on Fourth U.S. Battery Factory
A U.S. battery-cell factory that had been in the works between General Motors and LG Energy Solution has been shelved...
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to...
T-Mobile Says Hackers Stole Data on About 37 Million Customers
BusinessCarrier says addresses, birth dates and other personal records were exposed, but not financial records Source link
Netflix Co-Founder Reed Hastings Transitions to Chairman Role, With Greg Peters Elevated as Co-CEO
Netflix elevated longtime executive and heir apparent Greg Peters to the co-CEO role. Source link
Top Fed Official Sees Inflation Decline as Notable Improvement
A top Federal Reserve official said the recent decline in inflation was an important development that could raise questions over...
WSJ News Exclusive | Iraq Economy Reels as U.S. Moves Against Money Flows to Iran
Iraqis are blaming a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York for...
Elon Musk’s Twitter Auctions Off Kegerators, Office Supplies, Neon Bird Sign From San Francisco Headquarters
The company listed more than 600 items. Source link
