Elon Musk has directed Twitter Inc's teams to find over $1 billion in annual infrastructure cost savings by cutting cloud services and extra server space, according to two sources familiar with the matter and an internal Slack message seen by Reuters. The company is aiming to find up

Per NYP: Mortgage demand has plummeted to a 25-year low as skyrocketing long-term rates continue to hammer the US housing market [https://nypost.com/2022/10/24/us-housing-demand-has-cratered-as-mortgage-rates-ensure-recession-analysts-warn/] , a leading industry group said Wednesday. Mortgage rates rose for the 10th straight week, with the average 30-year fixed rate contract hitting

Per CNBC A study by the Pew Research center found that 61% [https://www.pewresearch.org/politics/2022/08/09/rising-partisan-antipathy-widening-party-gap-in-presidential-job-approval/] of U.S. adults today find the Republican Party unfavorable, while 57% [https://www.pewresearch.org/politics/2022/08/09/rising-partisan-antipathy-widening-party-gap-in-presidential-job-approval/] shared the same sentiment toward the Democratic Party.

Per Bloomberg: Elon Musk has removed “days of rest” from Twitter Inc. staff calendars, according to people familiar with the matter. The monthly, company-wide day off was introduced during the pandemic period. Its expiration is another sign of Musk’s impatience with Twitter’s existing work culture. Musk also plans

Per BI, BBC, Forbes, Zippa CNN said it was highly unlikely to cover verification costs for all employees. As per Zippa's estimate, the media company has 5,392 employees. Since Elon Musk's $44 billion acquisition of Twitter, one of his newest moves was to charge an

Per Reuters L'Oréal denies an earlier report by Financial Times saying the cosmetics maker will suspend advertising spending on Twitter. A company spokesperson said: "L'Oréal did not make any decision to suspend advertising spending on Twitter." General Motors Co already put its paid Twitter

Per Bloomberg Coinbase Chief Product Officer Surojit Chatterjee agreed to step down. His exit comes amid a reorganization of the company's product, engineering, and design teams. Chatterjee's tenure at Coinbase was during the company's launch of its NFT platform. Coinbase is expected to report

Per Bloomberg Binance founder and CEO Zhao 'CZ' Changpeng said last month that the company could spend over $1 billion on deals this year. The CEO said he is considering targets including banks as the distance between digital assets and traditional finance blurs. Zhao said that Binance is

Per Bloomberg: Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter. Twitter’s new owner aims to inform

Per Bloomberg: Before Jerome Powell took the podium today, stocks were approaching their highest levels in six weeks, fueling a rebound in the fortunes of some of the world’s richest people after a brutal year. Just as he did in August during an eight-minute speech [https://www.bloomberg.com/

Per Bloomberg: Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter. Twitter’s new owner aims to inform

Per Business Insider: Since the summer, Apple has touted its "deliberate" decisions about investment and hiring, including on its most recent quarterly earnings call last week. But three sources with close knowledge of conversations at the company told Insider it has paused almost all hiring. Staff across divisions,

Per the Hill: The Federal Reserve on Wednesday hiked interest rates by three-quarters of a percentage point, pressing even harder on the brakes of the economy in a scramble to slow inflation. The Federal Open Market Committee, the panel of Fed officials responsible for monetary policy, boosted the central bank’

Prices for the most popular pre-owned Rolex, Patek Philippe and Audemars Piguet watches will fall further as the market has been flooded with supply, analysts at Morgan Stanley said in a report. After surging in 2021 and during the first quarter of the year, an index of the most popular

Per CNN: President Joe Biden keeps touting the size of next year's increase in Social Security payments. But his boasts leave out critical context: Biden doesn't explain that the reason the 2023 increase will be unusually large is that the inflation rate has been unusually large.

Wednesday morning saw a block of 32,000 AAPL 135p 4/2023 contracts traded. This transaction has been noticed by many who follow options flow, and mentions of this particular trade were quite numerous. Among the many mentions include references that this trade took place 'above the ask.'

Per ABC News Dhirendra Prasad, a former Apple employee, described the schemes he used while working as a buyer for Apple's Global Service Supply Chain. Prasad admitted being involved in frauds like inflating invoices, stealing parts, taking kickbacks, and the company paying for items and services that never

Per Bloomberg Amazon will be freezing staffing levels in its advertising business to align its expenses with slowing sales better. The information was given by a familiar source that requested to remain anonymous since the plans were private. Amazon will fill vacancies for its advertising business, but no new positions

Per The Washington Post An internal email obtained by The Washington Post revealed that Twitter is working on a premium video access feature. The feature would charge users to view certain videos, with Twitter taking a cut. The new feature could be called Paywalled Video and has a target of

Per CNBC Amazon stock was down for the fifth day in a row. This resulted in it reaching its lowest levels since April 2020. The drop came after a disappointing fourth-quarter forecast, with Amazon saying its holiday quarter revenue would grow 2-8% from its numbers a year ago. This would

Large foreign investors would have access to confidential information about Twitter’s finances — and potentially its users — under the terms of Elon Musk’s deal to acquire the social media site, people familiar with the matter told The Washington Post. That revelation comes as Treasury Department officials begin looking into

Elon Musk might be planning on removing inactive Twitter accounts and making the removed handles accessible to other users in the near future. Twitter user Erich Rusch tweeted at Musk, requesting that inactive accounts should be removed from the platform, their Twitter handles being back up for grabs. “Please purge

Per CNBC: So what would you pay in taxes if you were to beat the odds and land the jackpot? Assuming you were like most winners and chose the cash option, a 24% federal tax withholding would reduce the $497.3 million by $119.4 million. Yet more would likely

Elon has said verification to cost $8/month: You will also get: * Priority in replies, mentions & search, which is essential to defeat spam/scam * Ability to post long video & audio * Half as many ads * And paywall bypass for publishers willing to work with us

Per Barrons The Dow Jones Index rose by 14% in October. This was recorded as its best month since Jan 1976. While it rose, the S&P 500 gained 8%, and the Nasdaq Composite gained 3.9% during the same period. The central bank is expected to raise interest