All posts by Heemang
Amazon Labor Union’s Victory At JFK8 Warehouse Now Official – Heemang Parmar
[ad_1] The upstart Amazon Labor Union made history when it won a union election at the JFK8 warehouse in Staten Island last spring, the first labor group in the U.S. to do so. But its groundbreaking victory was only just made official this week, more than nine months after the ballots were counted and the…
Blank Street Coffee Workers Hope To Unionize – Heemang Parmar
[ad_1] The upstart chain Blank Street Coffee has expanded with startling speed since opening its first location in Brooklyn in 2020. In less than three years, the venture capital-backed company has unveiled roughly 60 stores serving automated espressos, most in New York City with additional locations in London, Boston and Washington, D.C. Last August The…
Reporter Poses As Senator Again On Twitter After Elon Musk Declares Verification Fixed – Heemang Parmar
[ad_1] The same reporter who successfully posed as a senator on Twitter two months ago did so again this week, even though company CEO Elon Musk declared his verification process had been fixed. Washington Post tech journalist Geoffrey A. Fowler set up an account and tweeted as Sen. Ed Markey (D-Mass.) — with Markey’s permission…
Amazon Layoffs Climb To 18,000 Employees As Tech Giant Moves To Cut Costs – Heemang Parmar
[ad_1] Amazon told employees Wednesday it would eliminate 18,000 jobs across the company, much more than previously reported as tech companies across the country cut costs and rein in hiring amid concerns about the economy. CEO Andy Jassy said Amazon had hired rapidly over the last few years as consumers spent wildly online during the…
S&P 500 Closes Out Dismal Year With Worst Loss Since 2008 – Heemang Parmar
[ad_1] Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008. The benchmark index finished with a loss of 19.4% for 2022 — its worst loss since the financial crisis 14 years ago and a painful reversal for…
Elon Musk Becomes First Person In History To Lose $200 Billion: Report – Heemang Parmar
[ad_1] Twitter CEO Elon Musk has become the first human being in history to lose a mammoth $200 billion in net worth, Bloomberg reported. It wasn’t too long ago that Musk became the second individual ever to amass a personal fortune of more than $200 billion. That happened in January 2021, just months after Amazon…
Elon Musk Fires Twitter Janitors, Reportedly Forcing Staff To Bring Own Toilet Paper – Heemang Parmar
[ad_1] Twitter CEO Elon Musk is cutting costs at his struggling new company right to the bone, even firing janitors, which is reportedly forcing some staffers to bring in their own toilet paper. Twitter’s San Francisco headquarters — and the company’s Seattle office — are getting smelly and gross after Musk boasted that he’s “cutting…
Elon Musk’s Twitter Suspends Account Of Rival Mastodon Platform – Heemang Parmar
[ad_1] Elon Musk’s Twitter suspended the account of rising social media platform Mastodon on Thursday — the same day Twitter restricted the profiles of prominent tech journalists who have unflatteringly reported on the billionaire’s chaotic leadership of the company. Twitter didn’t explain the reason for the suspension, but it may be connected to an earlier…
How The Fed’s Interest Rate Hikes Could Affect Your Finances – Heemang Parmar
[ad_1] NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it even costlier for consumers and businesses to…
Elon Musk No Longer World’s Richest Person – Heemang Parmar
[ad_1] Elon Musk has been knocked down a peg on the list of the world’s richest people, according to both Forbes and Bloomberg, ceding the top spot to European luxury fashion scion Bernard Arnault. The new CEO of Twitter saw his wealth shrink in recent days as shares of his electric car company, Tesla, took…
Amazon To Lay Off Another 9,000 Employees – Heemang Parmar
New York Community Bank To Buy Failed Signature Bank – Heemang Parmar
The U.S. Is On The Cusp Of A New Nuclear Energy Milestone — And Debate – Heemang Parmar
Parent Of Silicon Valley Bank Seeks Bankruptcy Protection – Heemang Parmar
U.S. Stocks Fall As Bank Worries Spread To Europe – Heemang Parmar
Cleveland REI Workers Form Union, Adding Fuel To Labor Effort – Heemang Parmar