This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
Tag: Labor/Personnel
Trump Organization CFO Weisselberg chokes up on witness stand, claims his ‘personal greed’ drove $1.7 million tax-avoidance scheme
NEW YORK (AP) — Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family’s trust by scheming to dodge taxes on $1.7 million in company-paid pe...
Elon Musk Made Unusual Request in Falling Out With Top Tesla Lieutenant
Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc., a French auto-industry executive named Jerome Guillen. Mr. Guillen worked at Tesla for roughly a decade, rising to oversee ...
‘My adviser has gone dark.’ My account has $500K in it, and I can’t get a hold of my adviser right now. What’s my move?
How to find the right finanical adviser Getty Images/iStockphoto Question: My business has a SIMPLE IRA (Savings Incentive Match Plan for Employees) for employees who want to participate after one yea...
Opinion: Your HSA can be an extra retirement savings — how to make smart choices during open enrollment
It’s open enrollment season, which means it’s time for most workers to choose benefits for the year ahead. Health insurance is one of the most popular benefits that workers review yearly, but there is...
Intel Stock Gains as Guidance Disappoints. Layoffs Are Coming.
Intel plans significant cost cuts , including a “meaningful number” of layoffs, its CFO said as the chip maker detailed its financial results and forecast revenue that was much lower than Wall Street ...
Microsoft earnings on deck amid layoffs, recession fears: What to expect
Microsoft, which is laying off nearly 1,000 workers across multiple divisions, reports its fiscal first-quarter results after market close on Oct. 25. With fears of a recession looming, Axios and Busi...
China Evergrande’s Debt-Crisis Fallout: Losses, Layoffs and More Defaults
Listen to article (2 minutes) When China Evergrande Group began struggling under a mountain of debt last year, it quietly set off a chain reaction across the country. Chinese authorities prevented a ...
U.S. Suppliers Halt Operations at Top Chinese Memory Chip Maker
BEIJING–U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grap...
Layoffs at Intel Could Spell a Bitter Winter for Tech. It’s Not All Bad News.
Intel looks set to be the latest tech company to announce job cuts in the face of a gloomy macro outlook—a sign that a bitter winter is coming for the sector. From a more macro perspective, there are ...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
Nvidia closes Russian offices, will fly relocating employees out of the country, report says
Chipmaker Nvidia is ending its activities in Russia, and is giving its employees in the country the opportunity to relocate. In a statement, Nvidia Corp. NVDA, +5.23% confirmed that it is ceasing all ...
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...
FedEx to Close Offices, Park Aircraft After Warning of Sales Shortfall
Updated Sept. 15, 2022 5:42 pm ET Listen to article (2 minutes) FedEx said its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Shopify Announces Changes in Top Leadership
Text size The company announced a 10% cut to its workforce in July. Dreamstime Shopify announced a new chief financial officer and chief operating officer on Thursday, a little less than two months af...
Bed Bath & Beyond Finance Chief Gustavo Arnal Found Dead
By Ginger Adams Otis and Ryan Felton Updated Sept. 4, 2022 7:00 pm ET Listen to article (2 minutes) Bed Bath & Beyond Chief Financial Officer Gustavo Arnal was found dead Friday after falling from...
Enough, Bosses Say: This Fall, It Really Is Time to Get Back to the Office*
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
You need to understand the FTX debacle even if you have no investments in crypto
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks they take when they park their money with a ligh...