Per NYP and NYT Amazon announced on October 4 that it would freeze hiring for its retail and logistics operations, but now, AWS hiring is part of the freeze. Amazon Web Services brought over $62 billion in revenue in 2021, and upon the company's announcement that it would

Per CNN: More than two dozen liberal House members are calling on President Joe Biden to shift course in his Ukraine strategy and pursue direct diplomacy with Russia to an end. In a letter sent to Biden on Monday, the group of 30 Democrats praise Biden’s efforts to date

Per BI: Musk's $44 billion deal is headed toward a close at the end of next week, likely on Friday, two people familiar with the situation told Insider. Beyond that, the company's trajectory is murky, though Twitter will almost certainly see steep cuts to staff, including

Per CNBC: * U.S. credit card debt hit an all-time high of $930 billion * Debt surpassed the $870 billion peak during the 2008 financial crisis * Credit card delinquency rates increased .16% from the prior quarter to 5.32% * Younger Americans (18 to 29) have a 76% higher delinquency rate than

In fact, 22% of millennials (ages 26 to 41) and 19% of Gen Zers (ages 18 to 25) have gone into debt from what they've spent on dating, according to a September Lendingtree survey [https://www.lendingtree.com/credit-cards/study/dating-money-inflation]. Overall, survey respondents said they spend about

Per CNBC 22% of millennials aged 26 to 41 say their spending on dating has caused them to go into debt, according to a survey by September Lendingtree. The survey showed that, on average, they would spend $91 on a night out. Respondents identifying as women said they would spend

Per WSJ and Bloomberg Xi Jinping secured his third leadership term after initially becoming the President of the People's Republic of China in 2012. He secured the term with rivals out of the way and no clear successor in sight. President Xi Jinping recently renewed his pledge to

Per Reuters Atlanta Federal Reserve President Raphael Bostic said some personal investing activity "inadvertently" happened in times when US central bank ethics rules forbade it. The explanation was given with revised financial disclosure forms dating back to the start of his tenure in 2017, showing trades that violated

Per CNBC Nasdaq is hitting the pause button on initial public offering (IPO) preparations for at least four small Chinese companies.  An investigation has been launched into the odd stock rallies of similar firms following their debuts. The decision comes amidst a surge in Chinese companies, with $50 million or

Per WSJ: News late Thursday that Pfizer is planning to price its shot [https://www.wsj.com/articles/pfizer-targets-covid-vaccine-price-of-at-least-110-a-dose-11666306202?mod=article_inline] at $110 to $130 per dose in the U.S. is giving a lift to both stocks as investors rework their models to reflect the higher revenue starting

Per the Guardian: Boris Johnson will not stand in the Conservative Leadership race, leaving Rishi Sunak very likely to enter No 10. The former prime minister had not formally declared but he had told supporters he wanted to run, drumming up backing from seven cabinet ministers – Jacob Rees-Mogg, James Cleverly,

Per Axios: President Biden [https://www.axios.com/politics-policy/joe-biden] intends to run for president in 2024 and has the first lady's support, he told MSNBC [https://www.msnbc.com/the-reidout/watch/president-biden-vows-to-protect-women-s-right-to-choose-if-gop-takes-control-of-congress-151266373724] in a new interview Friday. What he said: “I have not made that formal decision,

Per NYP: This sprawling custom estate has found a new owner, but at less than a third of the sum that went into creating it. In Pennsylvania, hedge-fund manager Andrew Barroway spent roughly $35 million total constructing this enormous compound, only to recently resell it for a fraction of that

Per Politico: French President Emmanuel Macron announced Friday that France will leave the Energy Charter Treaty, making it the largest economy to announce it's quitting the embattled deal. The pact, which allows international companies and investors to sue governments over interventions that hit the profits of energy projects,

Per Bloomberg: Sandy Hook families said a Connecticut judge should impose “the highest possible punitive damages” for Alex Jones, suggesting by one calculation that could be as high as $2.75 trillion. The families said that additional damages are warranted on top of a nearly $1 billion jury award because

Per Tech Crunch Lyft co-founder and president John Zimmer said he couldn't imagine needing fewer drivers in the "next decade-plus." Zimmer said he could see autonomous vehicles handling just 1-10% of rides in the future. The co-founder said that over the past decade, over 112 million

Per Bloomberg The Taiwan Financial Supervisory Commission imposes a new metric where investors can't short stocks with a lower price than the previous close if shares drop over 3.5% the day before. The rule comes into effect immediately as its benchmark TAIEX fell about almost 28% year-to-date.

Per CNBC 10-year Treasury yield has increased to 4.23% due to a 10 basis points bump. This was the highest level recorded since 2008. At one point, the 10-year Treasury yield hit 4.337%. Wells Fargo's Michael Schumacher says that 4% is reasonable but says the "

Per Charlie Bilello's Twitter Charlie Bilello: "The investment grade corporate bond ETF is down 22% year-to-date." The largest loss so far was a 3.8% decline in 2018. Investment Grade Corporate Bond ETF $LQD was green from 2003 to 2012 with reds during 2013, 2015, 2018,

Per Bloomberg: Advisers to Twitter and Elon Musk are hard at work trying to get the $44 billion deal closed by the end of the month, according to people familiar with the matter. Both sides’ bankers and lawyers are preparing paperwork for the buyout to be completed by the Oct.

Per Bloomberg: Biden administration officials are discussing whether the US should subject some of Elon Musk’s ventures to national security reviews, including the deal for Twitter Inc. [https://www.bloomberg.com/quote/TWTR:US] and SpaceX [https://www.bloomberg.com/quote/711339Z:US]’s Starlink satellite network, according to

Yesterday the news first came of an emergency bond buying. Now the Bank of Japan says it boosted its plans to buy bonds in the 5-10 year tenor to 650B yen, up 550B. The 3-5 year tenor is up to 575B from 475B. The fixed-rate bids remain in place as

As of October 20, 2022, the 30-year fixed mortgage rate is 7.37%, the FHA 30-year fixed rate is 7.26%, the VA 30-year fixed rate is 7.29% and the jumbo 30-year fixed rate is 6.02%. Mortgage rates have doubled since the start of the year, even after

Per Forbes: AChina-based team at TikTok’s parent company, ByteDance, planned to use the TikTok app to monitor the personal location of some specific American citizens, according to materials reviewed by Forbes. The team behind the monitoring project — ByteDance’s Internal Audit and Risk Control department — is led by Beijing-based

Allies of the former UK prime minister Boris Johnson – who resigned only three months ago – believe he will stand in the leadership contest that will follow the resignation of his successor, Liz Truss, per CNN. Two sources who worked on Johnson’s last campaign for the Conservative Party leadership, in