Stock market today: Indexes close lower as tech stocks tumble
Apple stock ended down more than 3% on Thursday. US stocks dipped Thursday, led by a slide in tech stocks like Apple to partially erase strong gains from Wednesday. The tech-heavy Nasdaq slipped almost 1%, while the Dow Jones Industrial Average and benchmark S&P 500 fell slightly. Bond yields fell, with the 10-year Treasury yield…
Why the stock market’s pullback from record highs is more painful than it appears
The S&P 500’s decline since its record high on December 6 is nothing unusual. The index was down 3% through Thursday. But underneath the surface, a lot of damage has been done to the internals of the S&P 500, making the paltry decline more painful for investors. Since December 6, just 19% of stocks within…
Everything to know about LinkedIn, the popular professional networking and career development site owned by Microsoft
LinkedIn is Microsoft’s popular social-networking site for professional and career development. Like Facebook, Instagram, Twitter, and a dozen others, LinkedIn is a social network. And like other social networks, it’s owned by a big tech company: Microsoft. But unlike most social networks, LinkedIn is a professional networking site, designed to help people make business connections,…
Meta is done being nice to underperformers — and takes a page from Amazon’s management playbook
Amazon CEO Andy Jassy and Meta CEO Mark Zuckerberg Meta is adopting a more performance-focused approach to workforce management, one that Amazon embraced years ago: systematically pushing out under-performers to maintain lean, high-performing teams. This week, Meta announced internally that it plans to cut 5% of its lowest-performing employees, a first for the social media…
Amazon cuts jobs in its Fashion and Fitness group, according to internal messages
Amazon CEO Andy Jassy. Amazon is cutting jobs in its Fashion and Fitness group, according to internal messages seen by B-17. One of the internal messages, posted on an internal Amazon Slack channel, said San Diego employees in this group, known as F2, were let go recently. An Amazon spokesperson said the role eliminations affect…
Confused about the TikTok ban? You should be. Here’s what we know.
TikTok is shutting down in the US on Sunday. Or maybe TikTok won’t get shut down because either the Supreme Court, or Joe Biden, or Donald Trump will save it before then. Or maybe TikTok will get shut down on Sunday, and then Donald Trump will restart it a day or two later. Confused? Me…
Tesla is offering Cybertruck discounts after shifting workers to Model Y production
Tesla has moved some workers off the Cybertruck’s production line to work on the Model Y instead. As Tesla battles to recover from a decline in sales, the company has started offering discounts on the Cybertruck. On its website, the automaker is advertising up to $1,600 off new Cybertrucks, and buyers can pick up demo…
The TSA intercepted more than 6,000 firearms at airports last year — and 94% were loaded
TSA agents at Los Angeles International Airport. The Transportation Security Administration intercepted 6,678 firearms at airport checkpoints last year, it announced Wednesday. That’s an average of more than 18 firearms a day. The agency screened more than 904 million people, meaning there was an average rate of 7.4 firearms per every million people. It added…
Breakups can be difficult for teenagers. Here’s how you can help your teen through the heartache, according to parenting experts.
Parents can help their teens through breakups. When Lisa Phillips’ 13-year-old daughter started dating another person, the author and journalist became distressed. She wondered how this relationship — and eventual breakup — would affect her only daughter. This led Phillips to write the book, “First Love: Guiding Teens Through Relationships and Heartbreak.” It’s aimed to…
