A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Friday’s jobs report came in strong: the US economy added 261,000 new jobs in October, blowing away analyst expectations of 200,000, even as unemployment ticked up to 3.7%. But don’t let the jobs boom lull you into a false sense of employment security.
▸ Twitter on Friday announced extreme layoffs, noting that offices would be locked and badge access suspended as new CEO Elon Musk cuts about half of its 7,500-person workforce. The bottom line: Headline jobs numbers and third-quarter corporate earnings still reflect a strong economy overall. But other companies won’t be immune to the softening demand from consumers and businesses that tech companies have noted.
market flooded with silky-palmed, manbunned Pajamaboys, still deciding their gender, but always convinced of their superiority. Good luck at those interviews snowflakes!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple expects iPhone 14 shipments to be hit by China's Covid curbs | CNN BusinessApple has said that shipments of its latest lineup of iPhones will be 'temporarily impacted' by Covid restrictions in China, adding that 'customers will experience longer wait times to receive their new products.” I'm going to be honest, I didn't think China still had covid restrictions. The day the Chinese Communist Party was allowed to join the WTO was a day of infamy. What is Covid?
Source: CNN - 🏆 4. / 95 Read more »
Elon Musk delays $8 'blue check' Twitter verification plan until after the midterms | CNN BusinessTwitter is delaying the rollout of account verifications for its paid Twitter Blue subscription plan until after the midterm elections, a source with knowledge of the decision confirmed to CNN. Why won’t they just talk to me? ChicagoMikeSD Also until Musk has figured out how to make sure no one calls him Elon Poopy Pants It's always a good idea to shelve bad ideas.
Source: cnni - 🏆 326. / 59 Read more »
Twitter prepares to roll out new paid subscription service that includes blue checkmark | CNN BusinessTwitter on Saturday launched an updated version of its iOS app that promises to allow users to pay a monthly subscription to receive a blue checkmark on their profiles, a feature that Elon Musk, the company's new owner, has proposed as a way to fight spam on the platform. What do you get for paying this subscription? What's the value of having this blue check for a non famous person? The man who allegedly bought twitter to preserve freedom of speech is making all the changes to make as much money as possible.
Source: CNN - 🏆 4. / 95 Read more »
How the midterms could affect Wall Street | CNN BusinessLast week was a volatile one on Wall Street, with stocks falling after Federal Reserve chair Jerome Powell dashed the market's dreams of a pivot and suggested that more big rate hikes are likely coming. But Wall Street is still turning its hopes to Washington.
Source: CNN - 🏆 4. / 95 Read more »
NBC News pulls report on Paul Pelosi attack | CNN BusinessNBC News pulled a report about the attack on Paul Pelosi that the network said did not meet its standards. He is the husband of U.S. House Speaker Nancy Pelosi.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
Former MoviePass executives face fraud charges | CNN BusinessMoviePass's former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability and profitability of the company's movie-a-day subscription model, according to a Department of Justice release on Friday. A war has raged between revolutionary youth & Khamenei’s repressive forces in the streets of Marivan after regime killed one of us Nasrin Ghaderi yesterday. مهسا_امینی brasilwasstolen SOS
Source: CNN - 🏆 4. / 95 Read more »