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KNTK Stock Price | Kinetik Holdings Inc. Stock Quote (U.S.: NYSE)
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Lyft layoffs: Third round to ‘significantly’ slash workforce, new CEO tells workers
Lyft Inc. is laying off a significant part of its workforce, the ride-hailing company’s new chief executive told employees in a Friday email, as he tries to cut costs and keep up with a much bigger rival, Uber Technologies Inc. The Wall Street Journal first reported that the cuts will amount to 30% of the…
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Banks increased lending for second straight week, Fed data show
The numbers: Total bank lending rose to $12.09 trillion in the seven days ended April 12 from $12.08 trillion in the prior week, the Federal Reserve reported Friday. This is the second straight weekly increase. Deposits at banks fell to $17.18 trillion from $17.26 trillion in the prior week. They are down from $17.43 billion…
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SVB CEO Greg Becker, CFO Daniel Beck resign
SVB Financial Group said in a filing late Friday that Chief Executive Greg Becker and Chief Financial Officer Daniel Beck have resigned this week, with Becker becoming a consultant to SVB at the request of the company. Becker’s consulting work will be on an “as needed basis at no cost to the company,” the company…
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Bitcoin might benefit from U.S. debt ceiling concerns, analysts say
The uncertainty around whether the U.S. will raise its debt ceiling before it is hit in coming months has started to rattle some financial markets as it did in 2011, but it might provide a bullish case for bitcoin, according to analysts at crypto investment company NYDIG. The deadline to raise the U.S. debt ceiling,…
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AUGX Stock Price | Augmedix Inc. Stock Quote (U.S.: Nasdaq)
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These money and investing tips can help relieve your stress about the market
Don’t miss these top money and investing features: INVESTING NEWS & TRENDS Want to learn how to be good with money? The best teacher may surprise you. The average American is less financially literate about risk today than in 2017 — and Gen Z is the worst. Read More acc‘The inflation genie is not going…
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Alphabet shareholders ask Google to protect reproductive data, make algorithm more transparent
Shareholders of Google parent Alphabet Inc. are asking the search giant to take more steps to protect user privacy over reproductive rights and disclose more about its algorithms. Alphabet GOOGL GOOGsaid shareholders should vote against those proposals, which were listed Friday in a proxy filing for the company’s annual shareholder meeting on June 2. The…
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J. Peterman brand files IPO to trade on Nasdaq as ‘JPO’
Catalog-based clothing and lifestyle brand J. Peterman filed to go public, according to a filing with the Securities and Exchange commission late Friday. The Cincinnati-based direct-to-consumer company intends to trade on the Nasdaq as JP Outfitters Inc. under the ticker “JPO” and grow by acquiring new brands to incorporate into its line. “The… Source
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Google CEO Sundar Pichai receives third $200 million-plus stock award
Alphabet Inc. Chief Executive Sundar Pichai received his third massive stock award since rising to the top of Google, the company disclosed Friday. Pichai received $218 million in stock awards after his previous award cashed in 2022, according to a proxy filing with the Securities and Exchange Commission that was made public Friday afternoon. Alphabet…