Business News

(Reuters) — Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ repor…

HONG KONG (Reuters) — Authorities in Macau said the world’s biggest casino hub, blighted by a Covid-19 outbreak, is on track to return to relative normality after two rounds of mass Covid-19 tests last week found no new infections. The Chinese territory had been observing Covid-19 safety meas…

(Reuters) — Twitter on Saturday updated its app in Apple’s App Store to begin charging $8 for sought-after blue check verification marks, in Elon Musk’s first major revision of the social media platform. The change comes a week after Musk took over the social media company in a $44 billion de…

(Reuters) —  Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by …

NEW YORK (Reuters) — Home Depot Inc retail workers voted against forming a union at a location in Pennsylvania, the U.S. National Labor Relations Board said late on Saturday. One hundred and sixty five employees at a Philadelphia, Pennsylvania, store voted against joining the independent union Home…

SYDNEY (Reuters) — Asian shares slipped on Thursday after the U.S. Federal Reserve shifted the outlook on tightening from short and sharp to long and high, putting to rest any thought of a near-term pause. Investors were initially cheered that the Fed at least opened the door to a slowdown in the p…

(Reuters) — The Philippine central bank signaled on Thursday it planned a 75 basis point hike in its key interest rates later this month to match the latest monetary tightening by the U.S. Federal Reserve. “(The Fed hike) supports the BSP’s stance to hike its policy rate by the same amo…

(Reuters) — Elon Musk promised advertisers he would keep Twitter from turning into a “free-for-all hellscape.”  This week, advertisers are beginning to demand details on how he plans to uphold the commitment. A media buyer at one major ad agency, who declined to be named for fear of rep…

WASHINGTON (Reuters) — The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signaled it may be nearing an inflection point in what has become the swiftest tighteni…

WASHINGTON (Reuters) — U.S. private payrolls increased more than expected in October, offering more evidence of labor market resilience and suggesting that the Federal Reserve could continue to aggressively raise interest rates for a while. The pick-up in private hiring shown in the ADP National Em…