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Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

Company says it will cut about 200 employees as value plummets in aftermath of huge data breach. The genetic testing firm 23andMe said on Monday it would cut about 40%, or 200 employees, from its ...

World - The Guardian - November 12

UK Athletics turns down Grand Slam Track involvement over financial concerns

UKA chief executive says cost would be too high Focus is on bid to host World Championships UK Athletics has rejected the chance to be involved in Michael Johnson’s $30m (£23.5m) new Grand Slam ...

World - The Guardian - November 12

Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds

The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis, excluding the Covid period, a new report showed Wednesday.

Business - CNBC - November 13

What to know about 23andMe private data collected amid company's financial issues

The DNA testing company 23andMe is facing serious financial concerns and has announced major restructuring. CBS News MoneyWatch correspondent Kelly O'Grady explains what happens to the private ...

How Beijing Took Control of Hong Kong's Financial Hub---and Left the West Behind

The world’s pre-eminent East-meets-West investment hub has become more Chinese as international financial institutions, corporations, and expatriates retreat

World - The Wall Street Journal - November 13

AI search wars heat up: Genspark adds Claude-powered financial reports on demand

Distill Web gives users the ability to look up of 300,000-and-counting public companies and generate polished financial reports.

Tech - VentureBeat - November 14

Why these ‘Trump trade’ ETF winners are fading — and what it says about the financial markets

The postelection stock-market rally has started to fade as investors fret over how long the honeymoon could last.

Business - MarketWatch - November 15

Trading assets at US banks cross $1tn for first time since financial crisis

Much of the increase has been in equities but exposure to structured credit has been growing as well

Business - Financial Times - November 17

K-pop agencies mostly struggled in third quarter — but 2025 may bring financial recovery

All of the "Big Four" companies, except JYP Entertainment, posted falls in profits for the third quarter of 2024.

Business - CNBC - November 18

China's vice premier vows to boost Hong Kong competitiveness, says stimulus push has 'benefited' the city

Chinese Vice Premier He Lifeng and several top financial policymakers have gathered at the third Global Financial Leaders Investment Summit.

Business - CNBC - November 19

Want financial advice from Will Ferrell? Here’s what he told NBA player Austin Reaves.

The 26-year-old — who signed a four-year, $54 million contract with the iconic Los Angeles team last year — talks about life in the NBA.

Business - MarketWatch - November 19

European Central Banks warns of trade tension risks to euro zone financial stability

The Financial Stability Review also said weak growth was now a bigger threat to the 20-nation euro zone than high inflation.

Business - CNBC - November 20

Delta Air Lines sees opportunity in the ‘premium consumer’ as it lays out long-term financial targets

Delta Air Lines Inc. on Wednesday said it sees an opportunity to tap into affluent travelers as it laid out its long-term goals the next three-to-five years.

Business - MarketWatch - 6 days ago

European Central Bank warns that concentration in highly-valued U.S. tech stocks poses financial stability risk

High equity valuations and investors’ concentration in big U.S. tech stocks are among the main risks to financial stability, says the ECB