Tag Archives: mark

S&P 500 Closes on the Brink of Historic 5,000 Mark: Markets Wrap

S&P 500 Closes on the Brink of Historic 5,000 Mark: Markets Wrap

(Bloomberg) — The historic rally in US stocks continued to power ahead, with the S&P 500 closing within a striking distance of 5,000. Most Read from Bloomberg Gains on Wednesday were fueled by a renewed surge in big tech and a strong sale of 10-year Treasuries that dimmed supply concerns. While bonds barely budged, equities extended their bull run on prospects that a solid economy will continue fueling corporate profits. In late trading, Walt Disney Co. and Arm Holdings Plc jumped on upbeat… Source link

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Mark Zuckerberg reportedly said he doesn’t like seeing ‘managers managing managers,’ fueling speculation of more layoffs

Mark Zuckerberg reportedly said he doesn’t like seeing ‘managers managing managers,’ fueling speculation of more layoffs

Meta CEO, Mark Zuckerberg doesn’t think managers managing managers is an ideal corporate structure.Drew Angerer/Getty Images Mark Zuckerberg reportedly said managers should not be rewarded for creating larger teams. Zuckerberg reportedly said he doesn’t think a structure of “just managers managing managers” is ideal. Meta’s chief product officer Chris Cox has discussed the need to “flatten” the management structure, Command Line said. Managers managing managers managing managers managing… Source link

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Mark Zuckerberg reportedly said he doesn’t like seeing ‘managers managing managers,’ fueling speculation of more layoffs

Mark Zuckerberg reportedly said he doesn’t like seeing ‘managers managing managers,’ fueling speculation of more layoffs

Meta CEO, Mark Zuckerberg doesn’t think managers managing managers is an ideal corporate structure.Drew Angerer/Getty Images Mark Zuckerberg reportedly said managers should not be rewarded for creating larger teams. Zuckerberg reportedly said he doesn’t think a structure of “just managers managing managers” is ideal. Meta’s chief product officer Chris Cox has discussed the need to “flatten” the management structure, Command Line said. Managers managing managers managing managers managing… Source link

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Crypto market cap touches trillion dollar mark for first time since early November

Crypto market cap touches trillion dollar mark for first time since early November

The total market capitalization of cryptocurrencies rose above $1 trillion on Wednesday morning for the first time since November 8. This latest rally in crypto has been led by bitcoin (BTC-USD), which briefly spiked to as high as $21,501 as of 9:15 a.m. ET. Bitcoin is up more than 20% from where it traded just one week ago and has gained roughly 30% so far this year. Shortly after hitting his milestone, crypto prices dropped along with broader markets. Near 12:20 p.m. ET, bitcoin was trading… Source link

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House members blocking McCarthy speaker bid meet at offices of ex-Trump chief Mark Meadows

House members blocking McCarthy speaker bid meet at offices of ex-Trump chief Mark Meadows

Several Republican House members fighting to stop Rep. Kevin McCarthy from becoming speaker met Friday morning at the offices of the Conservative Partnership Institute, an organization run by Mark Meadows and Jim DeMint. Meadows, a former Republican congressman from North Carolina, was chief of staff to former President Donald Trump and played a central role in efforts to overturn the 2020 election. He joined CPI as senior partner in January 2021, a few weeks after Trump supporters stormed… Source link

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