Tag Archives: freeze

Disney (DIS) is reining in its spending after the company reported weak fourth quarter earnings, which sent the stock plummeting to a new 52-week low as investors zeroed in on the media giant’s widening streaming losses. In an internal memo obtained by Yahoo Finance, Disney CEO Bob Chapek told division leaders on Friday that the company has established “a cost structure taskforce” to help Disney+ reach its profitability targets. “As we begin fiscal 2023, I want to communicate with you directly… Source link

The virtual reality (VR) job postings at Meta have shockingly died down, as its Founder and CEO Mark Zuckerberg places a $10 billion bet on building his metaverse dream, a new report has shown. The VR job postings have also slowed down at other Big Tech companies like Apple and Google amid the hiring frezz and layoff season owing to the global economic meltdown,… Source link

Burdened by almost $90,000 in federal and private student debt, Alphi Coleman says the loan freeze has afforded her time to unplug and invest in herself. “I’m always going to be able to make money; I’m not always going to be able to make more time,” she says. “I am able to create experiences and create space and time for the people that I love.” A report from the Federal Reserve last month showed almost 60% of student borrowers made zero payments on their federal loans between August… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Ethan Wolff-Mann, a senior writer. Follow him on Twitter @ewolffmann. The chorus of those wanting a weaker labor market is getting louder and louder. After the recent job numbers were released last week, Bank of America analysts said in a note they are essentially “rooting against the home team” and hope the numbers stop… Source link

Google has responded to allegations contained in a recently unsealed US antitrust lawsuit that it worked covertly to stall European Union privacy legislation that could have blasted a huge hole in its behaviorial advertising business. Per the US states’ suit, a couple of years after a European Commission proposal to update the EU’s ePrivacy Directive — to replace it with a more widely applicable Regulation — the tech giant was privately celebrating what it described as a… Source link

By Elizabeth Culliford Twitter users can once again apply to be verified after a years-long freeze on public submissions for the site’s blue check marks, though the company said only “notable” users would be awarded the badge. The social media company paused public submissions for these badges in 2017 amid criticism that its verification program was arbitrary and confusing. It said at the time the check mark was being confused with “an endorsement or an indicator of importance”. Under the new… Source link

Reuters Videos ‘Nobody is helping’: India’s hospitals in COVID crisis Just hours ago, Manika Goel’s mother died of COVID-19. Now, she is sat by her husband’s side in a New Delhi hospital – where he is in a critical condition with the virus.39-year-old Amit is wedged between three other patients in a hospital casualty ward.One of many in India, the world’s second most populous nation, that is totally overwhelmed with patients.Goel, a software engineer, says she managed to find an oxygen… Source link

(Bloomberg) — Millions of households in Texas are suffering rolling blackouts for the first time in a decade as an unprecedented Arctic freeze sends temperatures plummeting across much of the U.S., roiling energy markets. Large swaths of Dallas, Houston and other cities are being plunged into darkness for an hour at a time — and in some cases longer — as surging demand for heat pushes the power grid to the brink. Outages are expected to continue into early Tuesday, grid operators said… Source link

Facebook is reportedly reassessing its political spending practices after the Jan. 6 Capitol attack. Andrew Hoyle/CNET … Source link