Walmart Laying Off Hundreds of US Workers at E-Commerce Facilities

Walmart Laying Off Hundreds of US Workers at E-Commerce Facilities

Retail giant Walmart is laying off hundreds of employees at five of its e-commerce facilities across the U.S.

Disney World reaches union deal with minimum $18 hourly wage

Disney World reaches union deal with minimum $18 hourly wage

Unions for service workers at Walt Disney World have reached a tentative deal with the company that would raise the starting minimum wage from $15 to $18 an hour.

New Starbucks CEO Plans to Work as a Barista Once a Month

New Starbucks CEO Plans to Work as a Barista Once a Month

Starbucks’ new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to the company’s culture and customers.

US jobless claims inch down as labor market remains tight

US jobless claims inch down as labor market remains tight

The labor market continues to defy the Federal Reserve’s attempts at loosening it, with U.S. applications for unemployment benefits down again last week and remaining at healthy, historically low levels.

Lindsay Lohan, other celebs settle with SEC over crypto case

Lindsay Lohan, other celebs settle with SEC over crypto case

Actress Lindsay Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so.

Yellen Says Bank ‘Situation is Stabilizing,’ Smaller Banks Play Important Role

Yellen Says Bank ‘Situation is Stabilizing,’ Smaller Banks Play Important Role

Treasury Secretary Janet Yellen projected calm on Tuesday in response to bank collapses, but told a gathering of bankers that additional steps “could be warranted” if there are any new failures.

What to Expect From Fed Decision

What to Expect From Fed Decision

The Federal Reserve will make its decision on interest rates on Wednesday.

How To Protect Your Money Amid Banking Woes

How To Protect Your Money Amid Banking Woes

Big moves in the banking sector over the last few days.

FDIC Extends Bidding Process for Silicon Valley Bank Successor

FDIC Extends Bidding Process for Silicon Valley Bank Successor

The bidding process for the successor of Silicon Valley Bank is being extended by the Federal Deposit Insurance Corp. to give more time to work out a potential deal.

Amazon to Cut Another 9,000 Jobs

Amazon to Cut Another 9,000 Jobs

Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday.

This Week In Tech Layoffs: Meta, Amgen and Klaviyo Slash Workforce

This Week In Tech Layoffs: Meta, Amgen and Klaviyo Slash Workforce

The biggest news-making cuts this were at Meta — Facebook’s parent company.

Biden Calls for Tougher Penalties in Response to Failed Banks

Biden Calls for Tougher Penalties in Response to Failed Banks

President Joe Biden called on Congress Friday to allow tougher penalties on the executives of failed banks in response to two recent collapses.

Silicon Valley Bank's Parent Company Files for Bankruptcy

Silicon Valley Bank's Parent Company Files for Bankruptcy

The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.

Federal Officials Call on Bytedance to Sell TikTok Stake Or Face Ban

Federal Officials Call on Bytedance to Sell TikTok Stake Or Face Ban

Officials in Washington reportedly gave TikTok's parent company Bytedance an ultimatum — sell its stake in the video-sharing app or face a ban.

US jobless aid claims fell last week as layoffs remain low

US jobless aid claims fell last week as layoffs remain low

Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation.