Author: News Room

© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol (Reuters) -Amazon.com Inc said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy. “We made the decision to reduce RSU (restricted stock units) awards in the final outlook year by a small amount (other years are not impacted),” an Amazon (NASDAQ:) spokesperson said in an emailed statement, without specifying the period of the final outlook year. The news comes weeks after Amazon announced a second…

The U.S. economy added 236,000 jobs in March, just shy of the 238,000 forecast by economists polled by the Wall Street Journal. The unemployment rate declined to 3.5% in March from 3.6% in February. The latest data was calculated before the collapse of Silicon Valley Bank and Signature Bank last month, an event that could lead to tighter lending criteria by banks in the months ahead. (The tech sector has shed more than 168,000 jobs since the start of 2023.) The U.S. created an estimated 311,000 jobs in February and 504,000 in January. Both easily surpassed most economists’ expectations, and…

By Sabela Ojea Cheetah New Supply Chain Service Inc. has filed for an initial public offering, the company said in a U.S. Securities and Exchange Commission filing on Friday. The technology supply chain company operating a wholesale food and restaurant supplies marketplace has applied to list its shares on the Nasdaq Capital Market under the symbol CTNT. It didn’t detail how many shares it would list, or the price of each share. Write to Sabela Ojea at [email protected]; @sabelaojeaguix Read the full article here

Shares of Tupperware were falling sharply Monday after the company disclosed a going-concern warning Friday, saying it’s working with financial advisors to improve capital structure and better position the business going forward. Tupperware (ticker: TUP), which makes food-storage containers, has been struggling recently—the warning follows a securities filing from last month that said some recent “financial statements should be restated and no longer relied upon.” In its release, the company said the board of directors and management are working to improve near-term liquidity and capital structure. Tupperware is working with financial advisors to secure supplemental financing and is in discussions…

Amid many pressing political duties, the Biden administration will make time today for an annual tradition dating to the 1870s: the White House Easter Egg Roll. About 30,000 visitors are expected to converge on the South Lawn for family-friendly activities centered around the theme of “EGGucation.” Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “CNN’s 5 Things” delivered to your inbox daily. Sign up here.) The Department of Justice has opened an investigation into the leaks of a trove of apparent US intelligence documents that were posted on…

Greetings from Washington, where the cherry blossoms are blooming, the skies are clear — and the IMF and World Bank are holding their spring meetings this week. It would be nice to think that the cheery weather reflects the global economic outlook. But the IMF has already warned of cloudier economic times ahead.And this year’s discussion could be sombre: the world’s poorest countries are ailing, defaults are rising, the UN’s sustainable development agenda has been set back and progress on limiting carbon emissions is patchy, notwithstanding the UN’s recent, strong warning that time is running out to avert a global…

It has been some time since we covered AvalonBay Communities, Inc. (NYSE:AVB). On our last take, we preferred to stay out of this REIT as the high multiples were just too rich for our blood. We also expected REIT investors to face a harsher climate from higher interest rates. Specifically we wrote. AVB is a solid long-term play on the residential market. Current valuation metrics are on the higher side, but whether you get it cheaper will depend on where the 10-year Treasury rate goes. We think significantly higher rates are in the offing in the next 12 months and…

Watch full video on YouTube

Watch full video on YouTube

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.Cryptocurrencies have become a topic of discussion worldwide, with new projects launching every day. Recently, Orbeon Protocol (ORBN) has made a successful public listing launch, stealing the spotlight from falling cryptocurrencies like Stellar (XLM) and Polkadot (DOT). In this article, we will talk about the struggles faced by Stellar (XLM) and Polkadot (DOT), and why Orbeon Protocol (ORBN) is worth investing in.>>BUY ORBEON TOKENS HERE<<Stellar (XLM) Falls Behind Competitors, Loses Investor ConfidenceThe recent struggles of Stellar (XLM) have been a cause for concern among investors. The price…