Apple became the first publicly traded U.S. company to reach a $3 trillion market capitalization when shares of the technology giant hit nearly $183 on Monday afternoon. The company’s market value has more than tripled after hitting pandemic lows in March 2020. Apple’s business has boomed since then, with the company generating $365 billion in revenue during its fiscal year that ended in...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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