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☆ Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs
▼ + stars: | 2024-03-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Canada Goose said Tuesday that it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as consumers continue to pull back on discretionary spending. The cuts will affect staff at Canada Goose's corporate headquarters, which had about 915 employees as of April 2023, according to a securities filing. Between April 2021 and April 2023, Canada Goose nearly doubled the number of employees at its corporate head offices from 544 to 915 to support its "continued growth," the filing says. When releasing its holiday-quarter results, Canada Goose noted that its wholesale revenues were particularly weak, an ongoing dynamic for the company that many other retailers have felt. The layoffs at Canada Goose come after Nike, Macy's , Wayfair , Hasbro and Etsy all announced widespread layoffs over the past few months.

Persons: Goose, Dani Reiss, Reiss, Canada Goose Organizations: Canada, Armour, Nike, Hasbro, Etsy Locations: Canada

A border security package instantly collapsed in the Senate. Congress failed in stunning fashion this week as Republicans in both the House and the Senate revolted in new and unimaginable ways against their own agenda. But it’s not a way to govern," said Republican Rep. Victoria Spartz of Indiana. Now, without naming Trump, McConnell says he will support the Republican Party's eventual nominee for president, though it's clear the two have a deteriorated relationship. First-term Republican Rep. Cory Mills of Florida acknowledged the week's setbacks were not why he came to Congress after a military career.

Persons: Mayorkas, —, it’s, Victoria Spartz, Kevin McCarthy, Mike Johnson, Mitch McConnell, Donald Trump's, Johnson, ”, Sen, Mitt Romney, “ Let’s, Romney, “ We’ve, Marjorie Taylor Greene, Hal Rogers, impeaching Mayorkas, I’m, ” Mayorkas, Al Green of, Nancy Pelosi, George Santos, Steve Scalise, They're, Katherine Clark of, McConnell, Mike Lee of, Ted Cruz, ” Lee, Chuck Schumer, Trump, “, I've, Democratic Sen, Patty Murray, Donald Trump, Cory Mills, “ We're, Mills, “ We’re, there’ll, Kevin Freking, Stephen Groves, Mary Clare Jalonick, Rebecca Santana, Ken Ritter Organizations: WASHINGTON, — Homeland, Congress, Republican Rep, Victoria, Republican House, Republican Party, Republican, GOP, Trump, Biden, Super Bowl, Republicans, Democratic, GOP Rep, Senate, Capitol, realigning, Press Locations: Ukraine, Russia, Victoria Spartz of Indiana, U.S, R, Utah, Marjorie Taylor Greene of Georgia, Mexico, Washington, Las Vegas, Al Green of Texas, New York, Katherine Clark of Massachusetts, Mike Lee of Utah, Ted Cruz of Texas, Israel, Taiwan, Florida, American

☆ Amazon is chopping hundreds of jobs at its One Medical and Pharmacy units as part of a new cost-cutting mandate
▼ + stars: | 2024-02-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon's healthcare units, including One Medical and Amazon Pharmacy, are conducting fresh layoffs as part of a broader cost-cutting campaign, Business Insider has learned. The layoffs will impact "few hundred roles," Amazon's spokesperson confirmed in an email to BI. Amazon has started the year with a flurry of job cuts across a number of units including Twitch, Prime Video , Audible , and Amazon Pay. In an email to BI, Amazon's Amazon Health Services Senior Vice President Neil Lindsay confirmed the layoffs. "Unfortunately, these adjustments will result in the elimination of a few hundred roles within Amazon Pharmacy and One Medical.

Persons: Amazon's, Brian Olsavsky, Neil Lindsay, Lindsay, iRobot, Amir Dan Rubin Organizations: Amazon Pharmacy, Business, Amazon, Amazon Health Services, MGM

☆ Rivian is the real winner in Elon Musk's latest drama
▼ + stars: | 2023-11-21 | by ( Nora Naughton | Grace Kay | ) www.businessinsider.com time to read: +5 min

Some Tesla owners said they'd ditch his car company in favor of Rivian as a result. AdvertisementAs Tesla CEO Elon Musk once again courts controversy on his social media platform X, rival EV startup Rivian stands to gain from the fallout. Other angry Tesla owners we spoke with also mentioned considering legacy brands like Ford's Mustang Mach-E or Volkswagen's ID.4. AdvertisementIn response, earlier this year some Tesla owners began putting bumper stickers on their EVs denouncing the CEO . In January, a handful of Tesla owners told Business Insider they'd ditched Tesla over Musk's antics .

Persons: Elon Musk, Tesla, —, Musk, Ross Gerber, Robert Kuhn, Kuhn, I've, Rivian, Joe Biden, they'd, Dan Ives, Ives, – Organizations: Rivian, Service, EV, Business, Tesla, Bloomberg, Twitter

☆ Sierra Space lays off hundreds in push toward first Dream Chaser spaceplane launch
▼ + stars: | 2023-11-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Former Sierra Space employees told CNBC that the layoffs included a significant number of contractors, with the cuts including hundreds of personnel in total. Sierra Space this week shipped the first Dream Chaser, named Tenacity, for pre-launch testing at NASA's Armstrong facility in Ohio. The first Dream Chaser launch was previously scheduled for late last year, but delays in the development of United Launch Alliance's Vulcan rocket pushed back that timeline. Dream Chaser is planned to launch on ULA's second Vulcan mission, with the first Vulcan launch targeting December. Dream Chaser has won NASA contracts to fly seven cargo missions to and from the International Space Station.

Persons: Eren, Sierra, Jeff Babione, Gupta Organizations: CNBC, Sierra Space, NASA's Armstrong, Sierra, Sierra Nevada Corp, Fatih, Sierra Space's, Space, NASA Space Shuttle, United, Vulcan, NASA, International Space Locations: The Colorado, Sierra, Ohio

☆ Opinion: The shocking resurgence of antisemitism
▼ + stars: | 2023-11-01 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +10 min

She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. Frida Ghitis CNNA few of the rioters carried Palestinian flags, underscoring the obvious link between the attack and the war between Israel and Hamas. In terrifying scenes, the rampaging crowd, some shouting “Allahu akbar,” surrounded passengers, pressuring them to prove they were not Jewish. Universities have become hotbeds of antisemitism, with Jewish students fearing for their safety. (Police have since arrested a Cornell student after he allegedly threatened to kill Jewish students.)

Persons: Frida Ghitis, “ Allahu akbar, ”, —, Christopher Wray, Michael Koplow, “, Simon Sebag Montefiore, Stalin, Hitler, “ I’m, Olaf Scholz, Biden, Israel, that’s, It’s, Vladimir Putin, Rabbi Alexander Boroa, — “ Hitler Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, Hamas, Makhachkala Uytash, United Nations General Assembly, Universities, Cornell University, Ivy League, Police, Cornell, The Cooper Union, Israel, Republican, Boston Marathon, Federation of Jewish Locations: Dagestan, Russian, Tel Aviv, Israel, Gaza, Egypt, Makhachkala, Russian Republic of Dagestan, Palestine, New York, menacingly, Austria, South Africa, Nicaragua, Germany, Venezuela, Milan, Hamburg, Berlin, Australia, Argentina, Russia, China, United States, Caucusus, Moscow, Ukraine, Washington

☆ Opinion: We could be witnessing the Republican Party break apart in real time
▼ + stars: | 2023-10-23 | by ( Thomas Balcerski | ) edition.cnn.com time to read: +7 min

Historically, political realignment has occurred when groups of voters change their affiliation to a new political party or candidate, especially around presidential and midterm elections. Yet the period between 1852 and 1860 is crucial here, for it saw the last time a major political party collapsed (the Whig Party in 1854) and the dissolution of another political party (the Democratic Party in 1860). The 1924 Democratic Party famously went through 103 ballots before agreeing on a compromise candidate, John W. Davis of West Virginia. Of course, party realignment is a tricky thing since we only come to know that it has happened in hindsight. A failure to reach a majority consensus signals the doom of an American political party.

Persons: Thomas Balcerski, James Buchanan, William Rufus King ”, Hakeem Jeffries, Patrick McHenry, let’s, V.O, Abraham Lincoln’s, Franklin D, Thomas Jefferson, John Adams, Andrew Jackson, Daniel Webster, Henry Clay, Lincoln, William Henry Seward, William L, Yancey, Stephen Douglas of, John C, Breckinridge, Theodore Roosevelt, Moose, Republican William Howard Taft, Woodrow Wilson, John W, Davis of, Hubert H, Humphrey, Republican Richard Nixon, “ Organizations: Eastern Connecticut State University, Oxford University Press, CNN, Republican Party, Democratic Party, Whig Party, Whigs, Republican Party . Southern Whigs, American Party, Democrats, Whig, Union, Democratic, Southern, Lincoln, splintering, Republican, GOP Locations: United States, Northern, Southern, Kansas, Nebraska, Charleston , South Carolina, Alabama, Baltimore, Stephen Douglas of Illinois, Kentucky, Davis of West Virginia, Vietnam, American

☆ 3 things to watch in the stock market next week as bond yields hover at 2007 highs
▼ + stars: | 2023-10-21 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

The usual suspects were to blame — rising bond yields, geopolitical tensions, and oil prices — and will hold the keys to the market this coming week. Earnings are one of the three major themes on the marquee next week, with 10 Club companies reporting. Here are the companies: Danaher (DHR), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Veralto (VLTO), Honeywell (HON), Linde (LIN), Amazon (AMZN), Ford (F) and Stanley Black & Decker (SWK). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Jerome Powell, Jim Cramer, Jim, Morgan Stanley, Stanley Black, Decker, Danaher, Veralto, it's, Mark Zuckerberg, We're, Vimal Kapur, Linde, Jim Farley, Ford, FactSet, Powell, WTI, Baker Hughes, Edwards Lifesciences, Northrop, CARR, Davidson, Dr Pepper, Phillips, Jim Cramer's, Michael M Organizations: Dow Jones, Nasdaq, Economic, of New, Treasury, West Texas, Procter, Gamble, 10, Microsoft, Honeywell, Linde, LIN, Health Care, Technology, Communications Services, Google, Meta, Ford, Amazon, United Auto Workers, Atlanta, Wall Street, Hamas, Brent, Strategic Petroleum Reserve, Logitech, Verizon, General Electric, GE, RTX Corporation, Halliburton, HAL, General Motors, Dow Chemical, DOW, Xerox, Texas Instruments, F5 Networks, WM, Boeing, Fisher, Mobile, Hilton, General Dynamics, Norfolk Southern, Otis Worldwide, IBM, KLA, O'Reilly Automotive, Mattel, Whirlpool, Gross, Royal Caribbean Cruises, Hershey Company, United Parcel Service, Southwest Airlines, Altria, Northrop Grumman, Valero Energy Corp, Mastercard, Merck, Co, Myers Squibb, Newmont, Tractor Supply Company, Comcast, Seagate Technology, Boston, Hertz, Carrier, Hasbro, Harley, Intel, Grill, United States Steel, Boston Beer Company, Texas, University of Michigan, Exxon Mobil, Chevron, Charter Communications, Colgate, Palmolive, Newell Brands, Sanofi, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: of New York, U.S, Industrials, OpenAI, America, Venezuela, Cleveland, Norfolk, ORLY, Bristol, Brunswick, Oshkosh, New York City

☆ Jim Cramer says investors betting against Honeywell have it all wrong. Here's why
▼ + stars: | 2023-10-10 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York. CNBC's Jim Cramer on Tuesday cheered Honeywell International 's (HON) guidance affirmation, which came alongside an announcement that the industrial conglomerate would be restructuring its business. People feel it's lost its way," Cramer said on "Squawk on the Street." Honeywell's stock has declined roughly 13% year to date, underperforming the overall S&P 500 and the industrials sector. Correction: This story has been updated to reflect the correct spelling of Honeywell CEO Vimal Kapur's last name.

Persons: Vimal Kapur, Cramer, CNBC's Jim Cramer, it's, You've, Jim Cramer's, Kapur, Darius Adamczyk, Vimal Kapur's Organizations: Honeywell, Inc, New York Stock Exchange, Cramer's Charitable Trust, CNBC, Club, Emerson Electric, Caterpillar Locations: New York, Cramer's

☆ India urges 'utmost caution' in Canada travel advisory as bilateral feud escalates
▼ + stars: | 2023-09-20 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

A poster of the former Gurdwara President Hardeep Singh Nijjar is displayed on a fence outside the Guru Nanak Sikh Gurdwara temple in Surrey, British Columbia, Canada, on September 19, 2023. India warned its citizens to "exercise utmost caution" in Canada, deepening the diplomatic rift between both countries after Prime Minister Justin Trudeau went public with claims that New Delhi orchestrated the extra-judicial slaying of a Sikh separatist in Canada. India has slammed and rejected these claims as "baseless" and "absurd," accusing Canadian leaders of being sympathetic toward anti-India causes. "Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda," the ministry added. "Indian nationals are therefore advised to avoid travelling to regions and potential venues in Canada that have seen such incidents."

Persons: Hardeep Singh, Nanak, Justin Trudeau, Hardeep Singh Nijjar Organizations: External Affairs, U.S Locations: Surrey, British Columbia, Canada, India, Delhi, Canadian, China

☆ Taiwan says China bolstering air power along coastline facing island
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +3 min

Taiwanese flags are seen at the Ministry of National Defence of Taiwan in Taipei, Taiwan, December 26, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Sept 12 (Reuters) - China is bolstering its air power along the coast facing Taiwan with a permanent deployment of new fighters and drones at expanded air bases, Taiwan's defence ministry said on Tuesday in its biennial report. China staged war games around Taiwan in August of last year and again in April, and its forces operate around the island almost daily. In its National Defence Report, the ministry said China uses "realistic combat training and exercises to strengthen its preparedness against Taiwan". China's defence ministry did not immediately respond to a request for comment.

Persons: Ann Wang, Joe Biden, Huang Wen, Ben Blanchard, Yimou Lee, Miral Fahmy, Michael Perry Organizations: Ministry of National Defence, REUTERS, Rights, Beijing, National Defence, Taiwan, Democratic, Taiwan's, Staff, Intelligence, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, United States, Beijing

☆ Charles Schwab stock pops 12% after second-quarter results beat expectations
▼ + stars: | 2023-07-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

A man passes by a location of financial broker Charles Schwab in the financial district in New York, March 20, 2023. Schwab generated 75 cents in adjusted earnings per share on $4.66 billion in revenue. CFO Peter Crawford said in the release that revenue — which fell 9% year over year — was hurt by customers reallocating their cash with higher rates. However, Crawford stated that "we observed a continued and substantial deceleration in the daily pace of cash outflows" in June and that the company expected client cash to start growing again by the end of the year. CEO Walt Bettinger said on "Squawk on the Street" that "client cash realigning" is now down more than 80% from the first quarter.

Persons: Charles Schwab, Schwab, Peter Crawford, —, Crawford, Walt Bettinger, Bettinger Locations: New York

☆ Schwab CEO says bullishness among retail traders is rising, with buy orders 20% higher than sells
▼ + stars: | 2023-07-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Walter "Walt" Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, on Tuesday, Nov. 3, 2015. Charles Schwab CEO Walt Bettinger said Tuesday that retail investors using his brokerage platform are showing signs of bullishness on the stock market. Bettinger revealed that Schwab clients have been adding equity exposure in the past few months. The volume of buy orders on Schwab's platform is 20% higher than sell orders, showing investor optimism about the market, he added. And we saw in the aggregate for the second quarter, buys were about 20% higher than sells.

Persons: Walter, Walt, Bettinger, Charles Schwab, Walt Bettinger, Schwab, Jesse Pound Organizations: Charles Schwab Corp, Global Locations: San Francisco , California

☆ This 40-year-old pays $1,600/month to live in a tiny home by the beach—it's smaller than the average parking spot
▼ + stars: | 2023-07-01 | by ( Sung Yoo | ) www.cnbc.com time to read: +4 min

Tristan Pelletier for CNBC Make ItMy rent, including utilities, parking and WiFi, is $1,600 a month. A look inside my tiny homeThe house is smaller than the average size of a parking spot (which is roughly 150 square feet). Tristan Pelletier for CNBC Make ItThe glass door allows for plenty of natural light and really opens up the space. Tristan Pelletier for CNBC Make ItThe bedroom area is a little a cove that fully surrounds my mattress. Tristan Pelletier for CNBC Make ItBuilt to be energy efficient, the temperature is regulated by concrete panels.

Persons: I'm, Tristan Pelletier, it's, I've, Sung Organizations: CNBC, Minarc, Scouts Locations: New York City, Santa Monica , California, New York, Santa Monica, York

☆ Layoffs hit Colorado space companies as funding remains tight
▼ + stars: | 2023-06-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

A pair of Colorado space companies laid off employees this past week, seeking to adapt to the new normal of a tight funding environment. The layoffs came at Ursa Major, which makes rocket engines, and Orbit Fab, a startup aiming to provide refueling services to spacecraft. An Ursa Major spokesperson confirmed to CNBC that the company restructured, but declined to specify the number of layoffs made. In a statement, Ursa Major said the job reductions are "realigning our workforce to better meet the needs of our national security customers." TechCrunch first reported the Ursa Major layoffs.

Persons: Major, Adam Harris, Harris, Ursa Major Organizations: Ripley, Ursa, Ursa Major, CNBC, Space Capital, Air Force Research Laboratory, Astra, Space Force, Space Agency, TechCrunch Locations: Colorado, Berthoud , Colorado, Lafayette , Colorado

Whole Foods plans to reorganize certain global and regional support teams over the next two months, the company's executive team wrote in a memo to employees on Thursday. Creating a unified, companywide Operations team by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. Enhancing Team Member Services (TMS) support for Team Members and Leaders across the company by realigning TMS team structures. Adjusting structures and improving processes of several other Global Support teams to provide more effective, timely, and consistent support to stores and ensure support teams can focus on priority initiatives.

☆ Bed Bath & Beyond plans to sell $300 mln in stock, warns again of bankruptcy
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

The embattled retailer had planned to raise around $1 billion through the offering of preferred stock and warrants to avoid bankruptcy. Bed Bath said it had so far raised $360 million through the complex deal, repaid its loan defaults and made all interest payments for senior notes. The latest stock offering plan comes amid a risk of losing additional funding from key investor Hudson Bay Capital Management, as the stock price continues to trade below $1. Separately, Bed Bath said it expects fourth-quarter comparable sales to decline in the range of 40% to 50%, compared with analysts' estimates of a 26.3% drop, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Krishna Chandra Eluri and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

☆ Bed Bath & Beyond plans to sell $300 mln in stock, again warns of bankruptcy
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

March 30 (Reuters) - Bed Bath & Beyond Inc (BBBY.O) on Thursday announced plans to sell $300 million worth of its shares as the struggling retailer looks to raise more capital, and warned again that it would likely have to file for bankruptcy if it did not get the proceeds. The latest stock offering plan comes as the company risked losing additional funding from key investor Hudson Bay Capital Management, as its stock price trades below $1. On March 20, Bed Bath & Beyond stock dropped 21% to close at 81 cents after the company's announcement that it was seeking shareholder approval for a reverse stock split. Separately, Bed Bath said it expects fourth-quarter comparable sales to decline in the range of 40% to 50%, compared with analysts' estimates of a 26.3% drop, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Krishna Chandra Eluri and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 72.86 points, or 0.4%, at 19,459.92, preliminary data showed. The energy sector fell 1.8% as the price of oil settled 1.3% lower at $69.96 a barrel. Oil fell after U.S. Energy Secretary Jennifer Granholm told lawmakers that refilling the country's Strategic Petroleum Reserve (SPR) may take several years. Heavily weighted financials were down 0.7% as concerns about the global banking sector lingered following interest rate hikes by the Swiss National Bank and the Bank of England. Bombardier shares ended up 2.8% after the company raised its 2025 revenue and free cash flow targets at its investor day, banking on strong demand for private flights.

☆ TSX gains as commodity-linked stocks rise, Bombardier soars
▼ + stars: | 2023-03-23 | by ( Johann M Cherian | ) www.reuters.com time to read: +1 min

SummarySummary Companies Capstone copper slumps on secondary offeringBombardier rises to TSX top on upbeat 2025 targetsTSX rises 0.5%March 23 (Reuters) - Canada's key stock index edged higher on Thursday as mining and energy stocks advanced, with gains in Bombardier after its upbeat targets for 2025 also supporting the benchmark. ET (14:31 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 105.09 points, or 0.54%, at 19,637.87. The collapse of two mid-sized U.S. lenders in March had triggered a selloff in the financials-heavy TSX as investors lost confidence in the global banking system. Still, on a quarterly basis, TSX is up 1.4%, clinging to early gains from January when investors returned to battered markets from 2022. Capstone copper corp (CS.TO) was the top loser on the index after the copper miner announced a bought secondary deal offering of C$285 million.

☆ Here are Thursday's biggest analyst calls: Credit Suisse, Amazon, Block, First Republic, FedEx & more
▼ + stars: | 2023-03-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: JPMorgan reiterates Amazon as overweight JPMorgan said growth deceleration concerns are overdone. Stifel upgrades FedEx to buy from hold Stifel said FedEx shares are compelling at current levels. JPMorgan reiterates Credit Suisse as overweight JPMorgan said it's standing by shares of the banking giant. JPMorgan upgrades Motorola Solutions to overweight from neutral JPMorgan called the telecom equipment company "high quality." Bank of America upgrades Takeda Pharmaceuticals to buy from neutral Bank of America said called Takeda a "stable value stock."

☆ Meta CEO Mark Zuckerberg's additional jobs cuts will lead to more sustainable growth, reinforcing why we're shareholders
▼ + stars: | 2023-03-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Tuesday's announcement comes about a week after reports started surfacing that the Facebook and Instagram parent would potentially slash thousands more jobs . Jim Cramer on Tuesday said Zuckerberg's "flatter is faster" and "leaner is better" approach is another positive step toward focusing on profitability. META 1Y mountain Meta Platforms (META) 1-year performance In November, Meta announced it was letting go of 11,000 employees , or about 13% of its workforce at that time, after overhiring during the Covid pandemic. Jim said in Tuesday's Morning Meeting that Meta is "rapidly becoming my favorite stock in the portfolio." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Another Stock Market Crash Coming, Wall Street's Top Investors Warn
▼ + stars: | 2023-02-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

This elation has lulled Wall Street into a false sense of security, according to the investing world's elite who I've spoken with over the past few weeks. It's like all the good little boys and girls on Wall Street asked for a rally for Christmas and got it. He added that nonprofessional retail investors' strong return to the market indicated an unsustainable rally. Anytime Wall Street has forgotten that over the past year, it has gotten punished. And that means Wall Street will eventually have to open its eyes, take its fingers out of its ears, and watch this bear-market rally fall apart.

☆ Exclusive: China eyes help for shell-shocked consumers but big stimulus unlikely-sources
▼ + stars: | 2023-02-03 | by ( Kevin Yao | ) www.reuters.com time to read: +6 min

That has raised expectations that hefty household stimulus measures could be announced at a parliament meeting in March. Prominent academics have felt emboldened to speak publicly about sizeable demand-side measures such as 1 trillion yuan ($148.28 billion) or more in consumption vouchers. Some analysts say pent-up demand during the pandemic may be enough for consumption to grow with little policy support. Household savings jumped 7.9 trillion yuan last year to 17.8 trillion yuan. Several Chinese cities have already offered about 5 billion yuan in consumption vouchers and subsidies in total since December.

Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in 2022, largely aided by the banking system's massive cash surplus, data showed. Public issues were only to the tune of around 80 billion rupees. Indian companies raised 127.1 billion rupees and 175.3 billion rupees through public issues in 2020 and 2021 respectively, SEBI data showed. Fundraising through private placement stood at 8 trillion rupees and 6.31 trillion rupees respectively. "I think public issues are rising because the repricing of bank fixed deposits was very gradual, while public issues are realigning to market realities much faster," said Sudhir Agrawal, executive vice president and fixed income fund manager at UTI Mutual Fund.

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