Finance
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Read the full memo Airbnb CEO Brian Chesky just sent to staff announcing 1,900 job cuts. It lays out severance details and which teams are getting hit the hardest.
Airbnb cut 25% of its workforce on Tuesday as the coronavirus pandemic ravages the travel industry. CEO Brian Chesky outlined where the...
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US consumer debt hit a record $14.3 trillion in the first quarter
Total household debt increased 1.1% to $14.3 trillion through March 2020, according to a Tuesday report from the New York Federal Reserve....
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419Wayfair surges 35% after announcing 90% jump in April sales as quarantined people buy furniture online (W)
AP Photo/Jenny Kane Wayfair jumped as much as 35% Tuesday morning after the ecommerce company announced that April sales were up 90%...
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Digital-only bank N26 just raised $100 million. Now, it’s rolling out features like contactless payments to cater to users’ evolving needs.
N26, a Germany-based digital-only bank, just added $100 million in an extension to its Series D fundraise. The challenger bank has raised...
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The way we shop and pay is transforming as consumers embrace contactless transactions and curbside pickup. Here’s everything you need to know.
The coronavirus has been a catalyst for big changes in the way consumers spend and pay. Ongoing trends like contactless payments and...
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WeWork is rolling out more job cuts as the coronavirus deals the coworking giant its latest setback. Here’s the latest on what’s going on inside the company.
Have a WeWork tip? Contact reporter Meghan Morris via encrypted messaging app Signal at +1 (646) 768-1627 using a non-work phone, email...
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The way we shop is transforming as consumers embrace contactless payments and curbside pickup. Here’s everything you need to know.
The coronavirus has been a catalyst for big changes in the way consumers spend and pay. Ongoing trends like contactless payments and...
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Robinhood just raised a $280 million round of funding led by Sequoia Capital, making it worth over $8 billion
Investing app Robinhood just announced a $280 million Series F at a $8.3 billion valuation. Previous investor Sequoia Capital led the round,...
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441Goldman Sachs says the global economy has likely bottomed out already as coronavirus lockdown efforts pay off
Reuters Goldman Sachs thinks economic activity has likely bottomed as lockdowns and social distancing restrictions start to ease across the globe. In...
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420Here are Warren Buffett’s 25 best quotes from Berkshire Hathaway’s annual meeting, where he discussed airlines, coronavirus, and bailouts
Mario Anzuoni/Reuters Warren Buffett talked about airlines, coronavirus, bailouts, and other subjects during Berkshire Hathaway’s annual meeting on Saturday. The famed investor...