Goldman Sachs Is Cutting Jobs Again Amid Wall Street Deals Slump
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Truth Social hits Wall Street
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Truth Social parent makes stock market debut Shares of former President Trump's media startup rose nearly 50 percent after debuting on the stock ...The Hill - Politics -
Big tech companies could drive the S&P 500 to 6,000 this year or crash it to 4,500, says Goldman Sachs
Goldman Sachs lays out a scenario for the S&P 500 to hit 6,000 by the end of the year thanks to Big Tech.MarketWatch - Business -
AI boom broadens out across Wall Street
Reflected glory of chipmaker Nvidia has caused other stocks to surgeFinancial Times - Business - Artificial Intelligence -
Ericsson to lay off 1,200 employees in Sweden amid mobile markets’ slump
The Swedish telecoms company has said a slowdown in investment in mobile infrastructure will continue impacting its sales in 2024.MarketWatch - Business -
Ericsson will cut 1,200 jobs in Sweden
Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment.CNBC - Business -
Reddit, the self-anointed 'front page of the internet,' soars in Wall Street debut
Reddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock ExchangeABC News - Tech -
Top Wall Street analysts like these dividend stocks for portfolio income
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Bank of America and PepsiCo.CNBC - Business -
Shares of Reddit, the 'front page of the internet,' soar 45% in Wall Street debut
Shares of Reddit, the 'front page of the internet,' soar 45% in Wall Street debutABC News - Tech -
Trump merges MAGA and Wall Street with his ‘supercharged meme stock’
For a business with little revenue and a relatively small audience, Donald Trump’s social-media company is proving to be one of the biggest things on Wall Street on its first day of trading.MarketWatch - Business - Donald Trump -
FirstFT: Xi meets American CEOs as businesses seek to mend China ties
Also in today’s newsletter, Trump’s Truth Social surges on stock market debut and Baltimore bridge collapse explainedFinancial Times - World - China -
Evan Gershkovich | A Letter From The Wall Street Journal's Editor in Chief
Our Editor in Chief Emma Tucker marks a year since Evan was wrongfully detained in Russia.The Wall Street Journal - World -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
Apple Turns to Longtime Steve Jobs Disciple to Defend Its 'Walled Garden'
Former Chief Marketing Officer Phil Schiller has frequently made it clear that Apple doesn’t intend to yield to developer criticism.The Wall Street Journal - Tech - Apple -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Wall Street revamps 2024 S&P 500 targets after record-setting stock-market rally
Wall Street analysts are playing catchup with the 2024 stock-market rally.MarketWatch - Business -
These 5 portfolio stocks outran the market in Wall Street's strong week. Here's what fueled their gains
The Club's two chipmakers and its lone automaker were among the top-performing portfolio stocks this week.CNBC - Business -
Trump scores two financial victories with appeals-bond ruling and Wall Street stock listing
A bond decision lifts immediate financial pressure off the former president while a Nasdaq listing windfall moves closer to fruition — but trouble still looms as a first criminal-trial date is set.MarketWatch - Business - Donald Trump -
Here’s how Wall Street analysts’ favorite stock picks performed over the past five years
The results of a performance comparison of highly rated stocks and ones selected through analytics might surprise you.MarketWatch - Business -
Wall Street Journal reporter Evan Gershkovich's detention in Russia nears 1 year mark
This week marks one year since Wall Street Journal reporter Evan Gershkovich was detained in Russia. On Tuesday, a Russian court extended Gershkovich's time behind bars to at least June. "60 Minutes" correspondent Lesley Stahl, who has been ...CBS News - Top stories - Russia -
Apple’s big AI news is coming — and Wall Street likely just got a date for it
WWDC kicks off June 10 and is expected to feature an AI announcement.MarketWatch - Business -
The S&P 500 and Wall Street’s ‘fear gauge’ are both up in 2024. Should investors be worried?
Something unusual happened in the stock market this quarter: Both the S&P 500 and Cboe Volatility Index, better known as the Vix, rose.MarketWatch - Business -
Wall Street Journal reporter Evan Gershkovich marks 1 year in Russian prison
Friday marks a year since Russia arrested Evan Gershkovich, the Wall Street Journal reporter held on fabricated spying charges.ABC News - Top stories - Russia -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - World - California -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - World -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - Business -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - Business - California -
Vodafone Germany cutting 2,000 jobs as part of savings programme
Yahoo News - World -
A Russian court extended by three months the detention of Wall Street Journal reporterEvan Gershkovich, held on an allegation that he, the Journal and the U.S. government vehemently deny.
A Russian court extended by three months the detention of Wall Street Journal reporter Evan Gershkovich, held on an allegation that he, the Journal and the U.S. government vehemently deny.The Wall Street Journal - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.The Wall Street Journal - World -
Citi’s Jane Fraser tells employees to ‘believe’ while suggesting more job cuts
Fraser said that in the coming weeks, “this final phase of changes will affect the largest number of colleagues at any point during the reorganization.”MarketWatch - Business -
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.MarketWatch - Business - Federal Reserve -
Amid book bans, DEI cuts and 'Don't Say Gay' laws, 7 states will mandate LGBTQ-inclusive curricula
Washington will now mandate that the state’s public schools teach LGBTQ history, as red and blue states continue to diverge on whether schools should expose kids to gay and trans identities.NBC News - Politics -
How M&A boutique Evercore became ‘Goldman North’
The New York investment bank is narrowing the gap with its downtown Wall Street rivalFinancial Times - Business -
Rashford’s England rivals circle as his United slump goes international
Out-of-form attacker was mostly overlooked by Southgate in friendlies as Bowen, Gordon and Maddison took their chance . Gareth Southgate did say. When the England manager announced his squad for the Wembley friendlies with Brazil and Belgium, he ...The Guardian - World -
Keeping Migrants on the Job
The White House can let more asylum seekers keep work permits.The Wall Street Journal - World -
Challenging Abortion, Again
A Supreme Court suit against the F.D.A. could change the national abortion landscape.The New York Times - Top stories - Abortion -
Sewage hits the fan, again
Sewage spills by water companies in England more than doubled in 2023.BBC News - Top stories -
Moderna moves three vaccines into final stage trials as it works to rebound from Covid slump
Moderna will chart its post-Covid future Wednesday during its fifth annual "Vaccines Day," an investor event in Boston.CNBC - Business - Covid -
The Other Border Wall Going Up South of the U.S.
The Dominican Republic is constructing a wall to keep out Haitians, as chaos engulfs the neighboring country. It’s the latest phase in centuries of bitter division there.The Wall Street Journal - World