Elliott Management Takes Big Stake in Salesforce
Activist investor has a multibillion-dollar stake in the business-software provider.
Tech-Industry Layoffs Unwind Headcount Growth
The cuts that altogether number in the tens of thousands have made only a dent in the jobs that were added amid the pandemic.
Tesla Is Last Stronghold for Investors Buying the Dip in Tech Stocks
Individual investors' net purchases of a basket of eight popular tech stocks hit a recent peak in November, before dropping sharply through the end of the year. Buying has picked up slightly in the new year.
Genesis Demise Marks End of Era for Crypto's Pseudo-Banks
The crypto-lending sector turned out to be poorly risk-managed, subjecting users to heavy losses after epic boom.
Tesla's Price Cuts Put Pressure on Rivals
The electric-vehicle maker's decision to reduce prices has reverberated through the industry.
Microsoft Faces the Highest Bar in Tech
The company's plan to lay off 10,000 workers shows the pressure it is under from Wall Street to keep margins high.
Crypto Banks Borrow Billions From Home-Loan Banks
Signature Bank and Silvergate Capital, after a surge in customer withdrawals, have turned to a system originally designed to support mortgage lending.
Tesla, Microsoft Headlining Busy Earnings Week
Verizon and Southwest are among other companies expected to report as economists gauge the effect of higher interest rates.
How Apple Has So Far Avoided Layoffs: Lean Hiring, No Free Lunches
The iPhone maker's workforce grew 20% in the past three years, a far slower pace than rivals.
Amazon, Facing Questions Over Workplace Safety, Also Probed on Bank Dealings
The U.S. government is looking into whether Amazon.com Inc. might have misled lenders about its workplace safety record to obtain credit, using a law stemming from the savings-and-loan crisis in a legal move a lawyer for the company called "unprecedented."
(END) Dow Jones Newswires
01-22-23 2115ET
