Is Big Tech’s R&D Spending Actually Hurting Innovation in the U.S.?
Big companies are hiring an ever-larger proportion of America’s inventors, who are less productive once they join. Source link
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Declines in Loan Values Are Widespread Among Banks
When Silicon Valley Bank collapsed last month, the core problem was a giant hole in its bond portfolio. When depositors...
WSJ News Exclusive | McDonald’s Cuts Pay Packages, Closes Offices Alongside Layoffs Across Chain
WSJ News ExclusiveBusinessFast-food chain offered some employees a chance to remain with reduced compensation Source link
March Jobs Report Shows Hiring Gradually Cooling
U.S. hiring slightly cooled in March as employers added 236,000 workers. The unemployment rate fell to 3.5%. Source link
Samsung Forecasts Worst Profit in Over a Decade as Tech Slump Hits Memory Chips
TechSouth Korean firm said it would cut memory-chip production, joining rivals in addressing supply glut Source link
Tesla Nominates Former Tech Chief JB Straubel to Board
TechExecutive helped company become world’s most valuable car maker in his first stint with the firm Source link
Bank Failures. High Inflation. Rising Rates. Is the Resilient Jobs Market About to Crack?
U.S. employers added 5.6 million jobs over 14 months, but gains have shown signs of cooling recently amid economic risks....
Do Older Workers Work Harder? Some Bosses Think So
Kip Conforti is hiring for a part-time position at one of two package-shipping stations that he owns in Pennsylvania. He’s...
Disney Names Joe Earley New Head of Disney+ and Hulu
Chief Executive Robert Iger has expressed concern on how much is spent on content. Source link
Cash App Founder Bob Lee Fatally Stabbed in San Francisco
Mr. Lee, 43, built a career as a Silicon Valley executive and angel investor. Source link
FedEx Restructures to Combine Ground and Express Delivery Networks
The company’s push for efficiency is unwinding the operating strategy led by founder Fred Smith. Source link
New Zealand Shocks With Big Rate Rise as Some Central Banks Pause
The Reserve Bank of New Zealand said its half-percentage-point increase was necessary to curb stubbornly high inflation. Source link
WSJ News Exclusive | McKinsey Winding Down Firm’s Bankruptcy Practice
Consulting firm McKinsey & Co. is winding down its bankruptcy practice after numerous lawsuits and government investigations concerning the division’s work...
U.S. Job Openings Dropped in February
The number of job openings fell below 10 million for the first time in nearly two years, a sign that...
Richard Branson’s Space Company Virgin Orbit Files for Bankruptcy
MarketsFinanceThe company says it is working toward finding a buyer for a once star player in the billionaire’s portfolio Source...
China’s Housing Market Has Plenty of Space but Not Enough Buyers
Around a third of all newly completed apartments in the country went unsold in 2022. Source link
Glencore Returns to Acquisitions With Offer for Teck Resources
BusinessCanadian miner rejects unsolicited offer from Swiss-based commodity company Source link
Disney CEO Iger Calls DeSantis’s Moves Antibusiness, Anti-Florida
BusinessCompany, state have been clashing since Disney opposed Parental Rights in Education bill last year Source link
Would Life Be Better if You Worked Less?
Listen to article(2 minutes)Stephen E. Griffith was working up to 80 hours a week. He was frustrated by the bureaucracy...
WSJ News Exclusive | McDonald’s Temporarily Shuts U.S. Offices as Chain Prepares for Layoff Notices
The fast-food company is expected to notify workers of their job status virtually. The layoffs are part of a broader...
