Zoom Announces Mass Layoffs as another Pandemic Darling Feels the Heat

[ad_1] There has been no respite from tech layoffs and Zoom Video Communications (NYSE: ZM) has said that it would eliminate 1,300 positions which are around 15% of its global workforce. Tech layoffs have mounted this year even as the overall US job market still looks tight. In January, the US economy added over half … Read more

ETH’s Price Will Likely Retrace Before Another Attempt at $1,700 By CoinEdition

[ad_1] © Reuters ETH’s Price Will Likely Retrace Before Another Attempt at $1,700 ETH’s price has posted a 24-hour gain of 0.88%. The altcoin’s price broke above $1,700 on 2 February 2023, but retraced shortly thereafter. ETH’s price will need to undergo a medium retracement before it is able to flip $1,700. The price of … Read more

A top money manager thinks ANOTHER stock market crash is coming in 2023! Here’s what I’d do

[ad_1] Image source: Getty Images With the fears of a recession on the rise, investors are becoming agitated by the uncertainty surrounding a potential stock market crash in 2023. And these fears may well be justified. Last month, legendary British investor Jeremy Grantham released his 2023 outlook letter. And it did not look pretty. For … Read more

Crude oil takes another weekly drubbing as U.S. stockpiles swell (NYSEARCA:USO)

[ad_1] SlavkoSereda/iStock via Getty Images Energy was easily the week’s worst performing industry sector, falling alongside crude oil prices weighed by rising U.S. inventories and fading optimism over the global demand outlook. Crude stockpiles normally decline at this time of the year, but the U.S. oil market was amply supplied in January, with the inventory … Read more

Memphis police fire another officer in Tyre Nichols’ death By Reuters

[ad_1] © Reuters. FILE PHOTO: Memphis Police Department officer Preston Hemphill poses at a graduation ceremony for the 97th Crisis Intervention Class in Memphis, Tennessee, U.S. July 21, 2022. Memphis Police Department/Handout via REUTERS. (Reuters) -The Memphis Police Department said on Friday it had fired a sixth officer involved in the death of Tyre Nichols, … Read more

Apple forecasts another revenue decline even with improving iPhone sales By Reuters

[ad_1] © Reuters. FILE PHOTO: The Apple iPhone 14 Pro is seen at the Apple Fifth Avenue store in Manhattan, New York City, U.S., September 16, 2022. REUTERS/Andrew Kelly/File Photo By Stephen Nellis (Reuters) -Apple Inc on Thursday forecast that revenue would fall for a second quarter in a row but that iPhone sales were … Read more