Uber Technologies Inc will cut about 3,000 jobs, in addition to the 3,700 it had announced earlier this month, as coronavirus-led restrictions sap demand for ride-hailing services, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday.
SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.
A gauge of global equity markets surged more than 2% on Monday and oil rallied to highs last seen in mid-April as data from a potential COVID-19 vaccine trial lifted both sentiment and hopes of a faster recovery from the coronavirus-driven economic slump.
Facebook surveyed 86,000 small and mid-size businesses with the World Bank and OECD.
Amazon's French warehouses are set to re-open on Tuesday with about 30% of employees, three union officials said, following an agreement with staff representatives last week.
Techcrunch | Rita Liao | May 8, 2020 China is showing renewed interest in live streaming. As the coronavirus swept through the country and shut down premises in droves, businesses are turning online to drive sales. Many have adopted live streaming, a model that predates the short videos that dominate many of our mobile screens
J.C. Penney Co Inc plans to trim its store count by 29% to about 604, as the U.S. department store chain looks to focus on those more profitable, a regulatory filing showed on Monday, two days after it filed for bankruptcy protection.
Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday, announcing the company's second round of job cuts during the coronavirus pandemic.
Facebook surveyed 86,000 small and mid-size businesses with the World Bank and OECD.
Americans increased their visits to supermarkets far more than to Walmart Inc stores as panic-buying peaked in mid-March, a Reuters analysis of foot traffic to retailers in the United States shows.
Oil prices jumped on Monday, with both U.S. and Brent benchmarks on track for their highest settles in two months, supported by optimism about resumption in economic activity and steady output cuts from major producers.
FastCompany | Lisa Smith | May 14, 020 Zapier’s engineering manager points out that unless you’re Gen Z, you’re closer than you think to being old—or you’re already there—and you need to have a plan. I’m Lisa Smith, I’m an engineering manager for Zapier’s developer platform, and I’m an Old. I’ve been working in tech
Retirees who rely on Social Security may feel their monthly checks aren't stretching as far as they used to. And they're not wrong. Benefits have lost 30% of their buying power since 2000.
U.S. stocks surged on Monday, with the S&P 500 hitting a 10-week high, as encouraging early data from a potential coronavirus vaccine trial boosted sentiment, with investors also hoping for stimulus to cushion the economic blow from the pandemic.
Total has called off a plan to acquire Occidental Petroleum's assets in Ghana, which was conditional on the completion of the acquisition of Occidental's other assets in Algeria, the French energy company said on Monday.