UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of a broader restructuring, the company said in filing with the SEC on Tuesday. Most of the layoffs will…
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The rise of Asian fast fashion retailer Shein already has Amazon on alert, but its plans of selling proprietary supply-chain technology and services to companies around the world has attracted attention from another corner: U.S.…
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Business
Barcelona protesters throw items and spray travelers with water while shouting ‘tourists go home’
Millions flock to Barcelona every year to enjoy a sweet taste of idyllic European life. But over the weekend, thousands of locals marched through the streets and sprayed visitors with water guns in outrage over…
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Business
Etsy CEO says company is escaping ‘race to the bottom’ and getting back to its artisan roots
When Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online where they could sell their niche products and reach a large audience. But in recent years, Etsy…
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Employment scams surged last year, as criminals leveraged artificial intelligence to steal money and personal information from unsuspecting job seekers, experts said. Consumer reports of job scams jumped 118% in 2023 from the prior year, according to a recent report by…
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Business
S&P 500, Nasdaq close at all-time highs ahead of inflation data and second-quarter earnings reports
The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some major financial giants and consumer…
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More consolidation, more problems — that’s the latest fear gripping the theatrical industry. After a monthslong negotiation process, Paramount and Skydance have struck a merger agreement. While the proposed union has been touted as perfect match by those…
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Inflation may be cooling, but consumers’ outrage over higher prices is running hot. TikTok users blasted Walmart for rolling out digital shelf labels that allow it to quickly raise and lower prices. Wendy’s backpedaled after…
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Business
S&P 500, Nasdaq close at all-time highs ahead of inflation data and second-quarter earnings reports
The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some major financial giants and consumer…
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In this video from StockCharts TV, Julius continues to look at the narrowing market breadth and puts things into (another) perspective. The conclusion remains the same: it’s a Risk-ON market, but the Risk is BIG.…