Share to FacebookShare to TwitterShare to LinkedinTopline Nearly 125,000 employees lost their jobs so far this year as more than 120 large U.S. tech companies, banks and manufacturers implemented massive rounds of layoffs, according to the Forbes layoff tracker, which documented major cuts (over 100) beginning in June when recession fears began to surge. Outside…
Eugen Rochko came up with the idea for and built Mastodon some six years ago during another one of Twitter’s dips. A developer who had already been interested in and was working with open source software, he got the idea for Mastodon from a federated version of a forum he’d built in high school. That…
Twitter is in crisis these days. Under new owner Elon Musk, the service has lost more than half its staff through layoffs and quitting, made erratic moves in its product and platform strategies and is facing up to reports about its financial state. That disruption, in true tech industry style, has led to the emergence…
When the subject is cryptocurrencies, bitcoin usually dominates. The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurrency industry. Since its creation by one or more anonymous people in 2009, bitcoin has always been assigned the leading role. Cryptocurrency fans see the most…
The US Federal Reserve has historically taken pride in being independent from political influence. In promoting the effective operation of the U.S. economy, it seeks to conduct monetary policy for maximum benefit of the public interest and the stability of the financial system. One of the Fed’s primary tasks, for example, is deciding when to…
This year in tech, too much happened and very little of it made sense. It was like we were being controlled by a random number generator that would dictate the whims of the tech industry, leading to multiple “biggest news stories of the year” happening over the course of a month, all completely disconnected from…
© Reuters. FILE PHOTO: The U.S. Capitol is seen as Congress continues work on passing a $1.66 trillion government funding bill in Washington, U.S., December 21, 2022. REUTERS/Kevin Lamarque By Richard Cowan, Moira Warburton and Gram Slattery WASHINGTON (Reuters) -The Democratic-controlled U.S. House of Representatives on Friday passed a $1.66 trillion government funding bill that…
© Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon XAU/USD +0.33% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please…
© Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration AUD/USD +0.73% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1…
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