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Facebook cuts hundreds of custodial jobs after ending contract with facility management vendor
Facebook parent Meta has cancelled a contract with custodial workers at its Silicon Valley headquarters, resulting in hundreds of job cuts later this month. Meta informed facilities management vendor ABM Industries of the cancellation in mid-June, and the cuts will go into effect on July 25, according to documents filed with the state of California’s […]
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Here are the nominees for the major Emmy categories — ‘Succession’ and ‘Ted Lasso’ lead the field
Logan Roy, played by Brian Cox, at his daughter’s wedding reception on season 1 of HBO’s Succession. Colin Hutton | HBO Can the Roy family win yet another high-stakes competition with brutal rivals? HBO’s lacerating drama “Succession” on Tuesday earned 25 nominations for the 74th annual Emmy Awards, the most of any series. It’s squaring off […]
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OnePlus co-founder makes smartphone comeback with a quirky iPhone competitor
The Nothing Phone 1. Nothing The co-founder of Chinese smartphone brand OnePlus, Carl Pei, is back with a new handset — only this time it’s with a different company, literally called Nothing. Pei’s peculiarly named start-up officially pulled the wraps off its debut smartphone Tuesday, after months of dropping hints and teasers about the look […]
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Computer chips face toilet paper hoarding moment as shortage turns to glut
Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019. Stephen Nellis | Reuters A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over […]
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You can test Apple’s big new iPhone update now, here’s how
Apple iOS 16 Source: Apple Apple released the first public beta version for iOS 16 on Monday. That means anyone with an iPhone 8 or newer can try an early version of the next big update for the iPhone, which is expected sometime this fall alongside new iPhone models. IOS 16 will let users customize iPhone’s […]
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Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” […]
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NFL will select new Sunday Ticket partner by fall, Commissioner Roger Goodell says
NFL Commissioner Roger Goodell during the NFL Football match between the Miami Dolphins and Indianapolis Colts on October 3rd, 2021 at Hard Rock Stadium in Miami, FL. Andrew Bershaw | Icon Sportswire | Getty Images The National Football League plans to select a streaming service as its new Sunday Ticket partner and will choose a […]
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Asset manager names his top stocks trading at a ‘sizable discount’ right now
With stock markets yet to emerge from the doldrums of a brutal first half sell-off, investors are increasingly seeking strategies to preserve and grow their capital. Asset manager Jack Ablin tells CNBC how he’s trading the market volatility, highlighting some of his top stocks along the way. Investors should be putting their money in companies […]
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Video game sales set to fall for first time in years as industry braces for recession
The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract […]
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There’s more pain coming for investors who own buy now, pay later plays, Jim Cramer says
CNBC’s Jim Cramer on Wednesday warned investors that if they own any buy now, pay later stocks, they should brace themselves for more damage to their portfolios. “These stocks never should’ve been worth so much in the first place. Their business models were much more attractive when interest rates were incredibly low, but it remains […]
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