Tag: Business
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Meta to delay new commercial terms criticised by publishers, advertisers
BRUSSELS, Oct 23 : Meta Platforms will extend the implementation date of updated commercial terms to November 20 from October 30 so it can address concerns from publishers and digital advertisers, the US tech company said on Friday.Meta’s move followed complaints by publishers and digital advertisers to EU an
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American Express is cutting 5% of its workforce to ‘prepare for AI’
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
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Family offices likely to add risk, debt and alternatives under the next generation
The next generation of family office leaders is likely to use more debt, invest in more alternatives and focus on different philanthropies, say new studies.
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Explainer-Why is Meta creating a new class of non-voting shares amid its AI growth?
Oct 22 : Meta Platforms said on Wednesday that it is creating a new class of non-voting shares to fund its AI ambitions, pursue acquisitions and reward employees without weakening CEO Mark Zuckerberg’s control.The move follows a structure used by some other founder-led companies, most notably Google’s parent
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Fewer people are flying as airfare soars. Here’s why airlines aren’t worried
Airlines are reporting fewer people flew in the third quarter as airfare surged on fuel costs, but executives say travelers are mostly swallowing higher fares.
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Higher interest rates have made family offices pickier about investing in real estate
Higher interest rates have made family offices more selective about investing in real estate.
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Euro set for weekly drop against dollar, yen as France concerns resurface
Oct 23 : The euro headed for a weekly loss against the dollar and the yen as a fresh sell-off in France’s government bonds led the country’s debt risk premium to levels not seen since the euro area sovereign crisis in 2011 on Thursday. The greenback also came under pressure during the week as a…
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Bolt, Stellantis plan autonomous driving experiment in Greater Paris from 2028
Oct 23 : Estonian ride-hailing firm Bolt and the Greater Paris region are planning to launch an autonomous driving programme in the French capital in 2028, using vehicles from Franco-Italian Stellantis, they said in a joint statement on Friday.The pilot programme will assess gaps in existing transport servic
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Stocks making the biggest moves premarket: AT&T, SpaceX, Moderna, Deckers, Bloom Energy and more
These are the stocks posting the largest moves in early trading.
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Wall Street futures dip after AI rout, telecoms slide
Oct 23 : Wall Street futures ticked lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks over concerns about the sector’s massive funding requirements, while telecom shares slid on fears of increased competition from SpaceX.AT&T, Verizon and T-Mobile were down over 3 per cent in prem
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