DoorDash is eliminating about 1,250 corporate jobs, or about 6% of its workforce, saying it hired too many people when delivery demand surged during the COVID-19 pandemic. CEO Tony Xu said in a message to employees Wednesday that DoorDash was undersized before the pandemic and sped up hiring to catch… Read More
Euro inflation eases… but remains in double digits
Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. The consumer price index… Read More
Kanye “Ye” West settles divorce with Kim Kardashian, averting custody trial
Kim Kardashian and Ye have reached a settlement in their divorce, averting a trial that had been set for next month, court documents filed Tuesday showed. The former couple and their attorneys filed documents asking for a judge’s approval of terms they have agreed on, including $200,000 per month child… Read More
Musk plans to launch Twitter premium service… again
Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts next week, in a fresh move to revamp the service after a previous attempt backfired. It’s the latest change to the social media platform that the billionaire Tesla CEO… Read More
BlockFi files for bankruptcy, latest crypto company to fail
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. FTX’s own bankruptcy,… Read More
Musk grants ‘amnesty’ to some suspended Twitter accounts
New Twitter owner Elon Musk said Thursday that he is granting “amnesty” for suspended accounts, which online safety experts predict will spur a rise in harassment, hate speech and misinformation. The billionaire’s announcement came after he asked in a poll posted to his timeline to vote on reinstatements for accounts… Read More
Wall Street sinks amid unrest in China
Stocks fell in afternoon trading on Wall Street Monday as protests spread in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The world’s second largest economy has been stifled by a “zero COVID” policy which includes lockdowns that continually threaten the global… Read More
Gobbled!? A Thanksgiving warning for Americans
by Frank Holmes, reporter Americans have more reason than any other people in the world to give thanks. Unfortunately, the government—and the prices at the supermarket—don’t make the list. This year, Americans will spend more money on Thanksgiving dinner than any time in U.S. history. The price has been creeping… Read More
NFL caves to sports betting after years of fights
Gambling has gone from the forbidden topic in the NFL to a key part of the league’s present and future. The days of lobbying against widespread legalized sports betting, preventing broadcast partners from even discussing point spreads and even prohibiting players from holding a fantasy football convention because it was… Read More
Tennessee launches investigation after Taylor Swift scandal
The breakdown in Ticketmaster’s sales of Taylor Swift tickets is a mess some attorneys general aren’t shaking off. With fans sharing outrage and heartache over the fruitless hours they spent trying for seats for Swift’s upcoming concert tour, top legal chiefs in Nevada, Tennessee and Pennsylvania have launched investigations into… Read More
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