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Warner Music Group to Cut 4% of Workforce
Business

Warner Music Group to Cut 4% of Workforce

The label behind Ed Sheeran and Madonna will eliminate 270 jobs as it repositions toward growth in technology. Source link

Macy's CEO to Retire, Give Reins to Bloomingdale's Boss
Business

Macy's CEO to Retire, Give Reins to Bloomingdale's Boss

The transition comes at a time of upheaval for retailers as high inflation pinches consumers and pushes up manufacturing costs. Source link

Exxon's Climate Opponents Were Infiltrated by Massive Hacking-for-Hire Operation
Business

Exxon's Climate Opponents Were Infiltrated by Massive Hacking-for-Hire Operation

A charity created by some Rockefeller heirs is among the groups targeted by hackers. The oil giant hasn’t been accused of wrongdoing. Source link

AI Experts Call for Pause in Technology's Development
Business

AI Experts Call for Pause in Technology's Development

Tesla CEO Elon Musk and AI pioneer Yoshua Bengio are among those who want a moratorium of at least six months to set safety standards

Starbucks's Schultz to Testify About Negotiations With Unions
Business

Starbucks's Schultz to Testify About Negotiations With Unions

Howard Schultz, who stepped down as CEO this month, is expected to defend the coffee chain against accusations it has retaliated against pro-union workers. Source

A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis
Business

A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis

Though the Federal Reserve and FDIC have stopped contagion from Silicon Valley Bank for now, smaller and regional banks could face pressure for years to

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says
Finances

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says

Markets Finance The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation Source link

McCarthy Pushes for Debt-Ceiling Talks as Unity Eludes GOP
Business

McCarthy Pushes for Debt-Ceiling Talks as Unity Eludes GOP

House Speaker Kevin McCarthy tried to prod President Biden into starting talks over spending cuts as a condition for raising the debt ceiling. Source link

Credit Suisse Has UBS Worried, Spurring Return of Sergio Ermotti
Finances

Credit Suisse Has UBS Worried, Spurring Return of Sergio Ermotti

Markets Heard on the Street Hiring a trusted pair of hands for the task of integrating Credit Suisse is good news, but also highlights the

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says
Business

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says

Markets Finance The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation Source link