Putin is embarking on an aggressive hiring drive to rejuvenate Russia’s army. But he can’t sustain it, experts say.
Russian President Vladimir Putin ordered his country’s army to be increased by 180,000 troops on Monday. Russian President Vladimir Putin wants to grow his country’s armed forces, but experts say his ambitions could come at the expense of Russia’s economy. On Monday, Putin ordered the army to increase its troops by 180,000, per a decree…
Netflix’s co-CEO was asked why the company changed its mind after saying it would never introduce ads or live sports. Here’s how he responded.
Netflix CEO Ted Sarandos at the 2024 Fast Company Innovation Festival. Netflix has drawn some pretty clear lines in the sand in the past about what it wouldn’t do — and then jumped past those lines with both feet. The streaming giant once said it would never introduce ads and dismissed the idea of livestreaming…
When interest-rate cuts will hit credit cards, car loans, and mortgages
Americans might not quickly feel the effects of the Fed’s first rate cut in over four years. The nation’s central bank has finally cut interest rates for the first time in over four years. But Americans might not feel that relief just yet. On Wednesday, the Federal Open Market Committee announced an interest-rate cut of…
Snap threw shade at Apple and Meta’s bulky headsets, but its new Spectacles are cartoonish
Snap’s fifth generation of its Spectacles glasses is here, and they’re big. They may not hide your eyes, but Snap’s new Spectacles won’t pass as regular glasses. At the end of Tuesday’s Snap Partner Summit keynote, CEO Evan Spiegel introduced a major upgrade to the company’s augmented reality glasses. He also didn’t miss the opportunity…
Stock market today: Stocks close mixed as investors gear up for major Fed rate decision
Indexes were mixed on Tuesday with investors still split on the potential size of an interest rate cut, with less than 24-hours to go before the Federal Reserve announces its policy decision. Unanticipated strength in Tuesday’s retail sales data convinced investors that the economy remains robust, and the S&P 500 briefly hit a record high…
It’s a tough time to be a manager in tech
Middle managers may just have the toughest job in tech right now. Managers may just have the toughest job in tech right now. In the latest blow to middle managers, Amazon announced it planned to reduce the number of supervisors within its organization. In a message to employees posted online, CEO Andy Jassy said the…
Big Tech companies are getting flatter. Mark Zuckerberg explained why over a year ago.
Zuckerberg has famously criticized an organizational structure of “managers managing managers.” Amazon is putting middle managers under the microscope as it seeks to thin out the layers of the sprawling company. The move furthers the Big Tech trend of flattening org charts that Mark Zuckerberg and others like Elon Musk have talked about in recent…
The 3 policy issues portfolio managers are most concerned about this election season — including one that wasn’t discussed during the debate
Former President Donald Trump and Vice President Kamala Harris. For Wall Street, policy — not politics — is the motto leading up to November. And there’s a lot of policy on the line. While Vice President Kamala Harris and former President Donald Trump don’t agree on much of anything, there are a few key areas…
Gen Z’s love of discount stores could send these 3 retail stocks soaring as much as 18%, Bank of America says
Gen Z wants more bang for their buck, and their love of a good deal could drive shares of some discount retailers up nearly 20%, Bank of America says. Analysts at the bank see big upside for retailers TJ Maxx, Burlington, and Ross. Younger generations are shopping at discount retailers at higher rates than older…
