Explosive growth has been the norm in the tech sector for the past decade. When the Covid-19 pandemic ravaged the world and moved more of daily life online, tech hiring blazed across Silicon Valley even more. Some major tech companies, like Amazon and Facebook parent company Meta, doubled the number of people they employed to […]
Category: Business
AT&T’s DirecTV Cancels NEWSMAX
At midnight Tuesday, AT&T’s DirecTV cut Newsmax’s signal, immediately shutting the network off from more than 13 million customers of the satellite service, DirecTV Stream, and U-Verse. This is the second time in the past year AT&T has moved to cancel a conservative channel, with DirecTV deplatforming OAN in April. Despite Newsmax being the 4th […]
Microsoft hosts private Sting concert in Davos hours before huge layoffs
On Wednesday morning Microsoft announced it was laying off 10,000 employees, about 5 percent of its total headcount, in response to lowered revenue and a “re-aligned core structure.” Hours earlier, dozens of Microsoft executives attended an exclusive, company-funded Sting concert outside of the World Economic Forum in Davos, Switzerland. The combination of the two events […]
Egg Prices up 60%! Why?
Shoppers across the nation have been scrambling for months to keep up with soaring egg prices. Prices continue to skyrocket – up 60% in December from a year earlier. Last year, the average price for a dozen large Grade A eggs in the U.S. was $1.93 in January. By December, when egg demand peaked, the […]
Should unchecked facial recognition be legal?
One evening in late November, New Jersey attorney Kelly Conlon was chaperoning her daughter’s Girl Scout troop to see a Rockettes show at Radio City Music Hall. Soon after arriving at the historic New York City venue, she was pulled aside by security and asked to confirm her identity. They told her their facial recognition […]
Google to layoff 12,000 ; 6% of workforce
Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. The cuts will affect roles across product areas and regions, CEO Sundar Pichai said in an email to employees that was posted on the company’s website Friday. Affected US […]
10,000 jobs cut at Microsoft as spending slows
Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect up to 5% of its global workforce and cost the business $1.2 billion in severance and reorganisation costs. Microsoft chief executive Satya Nadella said that while customer spending had grown during Covid, more people were […]
Elites fly to Davos via private jet to lecture climate change
At the World Economic Forum, which started Monday in Davos, Switzerland, the global business and political elite will discuss how to combat climate change, but their own private jet travel to attend the conference will cause a spike in planet-warming carbon emissions, according to a new study from Greenpeace International. The research, released last Thursday, […]
World Economic Forum 2023 begins in Davos
The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair. However, the shadow of impending recession hung over the snow-covered Swiss ski resort as two surveys warned of trouble ahead for […]
Paycheck Protection Program was huge free-for-all
When the Paycheck Protection Program launched during the pandemic shutdowns of spring 2020, it immediately became a chaotic free-for-all. Called PPP for short, the program offered simple-to-get, potentially forgivable government loans to small businesses. Yet billions of dollars went to companies owned by wealthy celebrities, including Tom Brady and Khloe Kardashian, and companies that thrived […]
The U.S. will hit its debt ceiling within days
Hitting the national debt ceiling is a major worry for Washington right now. On Friday, Treasury Secretary Janet Yellen warned that the U.S. is on track to reach the debt limit, or the cap on how much money the federal government can borrow, by Thursday. The ceiling was last raised by $2.5 trillion in December […]
FAA grounds hundreds of flights across nation
The U.S. Federal Aviation Administration is suffering a nationwide technical outage and ordered airlines to pause all domestic departures until at least 9 a.m. ET Wednesday. The outage comes as a result of the failure of the FAA’s NOTAM (Notice to Air Missions) system, which alerts pilots and other personnel about airborne issues and other […]