Author: arthursheikin@gmail.com

[ad_1] Patrice Melekian wanted to experience life in the US, and his job at Microsoft was his ticket.He told Business Insider he had a good, 17-year run with the company — until he got laid off from his manager job in May. He’s returned to his home country of France, and while he’s still figuring out his next career move, he said he might look outside management for his next role.Like many laid-off workers, Melekian doesn’t know exactly why his job was cut. But he said Microsoft leaders have spoken about reducing management layers and improving efficiency — language that…

[ad_1] CNN  —  President Donald Trump has pulled off an impressive feat: He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories. Placing historically high taxes on imports from around the world — particularly at a time when American consumers are still reeling from the highest inflation they’ve experienced in four decades — marked one of Trump’s boldest gambles of his presidency. Trump was largely elected on his pledge to fix Americans’ finances. Economists have widely shunned his trade policy, which is expected to raise costs for businesses…

[ad_1] There’s a weird contradiction happening at the base level of America’s real estate market. Faced with high borrowing costs and an uncertain economy, homebuilders — the engines of the country’s housing supply — are cutting prices and tacking on freebies in an effort to keep sales moving. At the same time, they’re also staking out huge swaths of land in anticipation of the next homebuilding boom. The land grab is a signal of faith in the long-term demand for housing, a bet that the sluggish market will turn around, and a recognition of the country’s deep housing shortage. It…

[ad_1] London Reuters  —  Tom Hayes, the first trader ever jailed for interest rate rigging, had his conviction overturned by Britain’s top court Wednesday after a years-long fight to clear his name. The UK Supreme Court unanimously allowed Hayes’ appeal, overturning his 2015 conviction of eight counts of conspiracy to defraud by manipulating Libor, a now-defunct benchmark interest rate. The court said there had been “ample evidence” for a jury to reasonably conclude Hayes had conspired with others to manipulate Libor submissions – much of it coming from Hayes’ own interviews with Britain’s Serious Fraud Office, which brought the charges…

[ad_1] Gupshup, a business messaging startup that began its journey in India over two decades ago and became a unicorn four years ago, has raised a new over $60 million round — but is keeping its new valuation under wraps. In 2021, Gupshup raised two funding rounds within four months, securing $340 million from prominent investors including Tiger Global, Fidelity Management, Think Investments, and Malabar Investments. These rounds — the startup’s first in roughly a decade — valued Gupshup at $1.4 billion. However, Fidelity, which led the round following its unicorn milestone, slashed its internal valuation of the startup at…

[ad_1] New York CNN  —  Six months into President Donald Trump’s second term, a quick glance at the stock market might offer a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month. If you look at markets halfway into the year, it might be not be apparent that there has been unprecedented trade turmoil, conflict in the Middle East and relentless attacks on the Federal Reserve’s independence. The stock market and bitcoin have soared to record highs, while bonds have resumed a steady rally…

[ad_1] Abbi Jacobson and Ilana Glazer spent five years working together as co-creators and costars on “Broad City.” But offscreen, keeping their friendship alive meant setting some boundaries.During an interview on the “Good Hang with Amy Poehler” podcast published on Tuesday, Jacobson and Glazer spoke about working together on their hit show and how they’ve maintained their friendship through the years. “Broad City” aired on Comedy Central from 2014 to 2019.”As incredible as it was to make ‘Broad City,’ we would always make sure to have a little time up top to connect and catch up, even if it was…

[ad_1] CNN  —  Tesla’s sales plunge over the last 18 months has been a stunning turn for a company that recorded only one quarterly year-over-year sales drop before 2024. And the company faces significant trouble ahead. Investors already know that second-quarter sales fell a record 13.5% compared to a year earlier, the second straight quarter in which its sales were off at least 13%. But a second-quarter earnings report, due after the market closes at 4pm ET, could shed light on other, potentially bigger problems as well, as the company faces losing its title as the world’s biggest EV maker…

[ad_1] Behold the bag that has a chokehold on mom TikTok: the Yeti Camino 35 Carryall Tote Bag.The waterproof tote bag, made by Texas-based outdoor recreation products company Yeti, has been all over MomTok. Parents are taking videos touting it as the sleekest, most durable bag for carrying their things while ferrying children from place to place.It costs between $150 and $170, per its product listing on Dick’s Sporting Goods.The bag, boxy with heavy-duty handles, is huge — 18.1 inches in length, 9.8 inches in width, and 15.2 inches in height. Yeti’s website said the bag’s carry handles can manage…

[ad_1] Facebook Tweet Email Link Hong Kong  —  China recently banned a foreign Wells Fargo executive and a United States government employee from leaving its territory, spotlighting its opaque judicial and security system and rekindling concerns over the risks facing foreign companies and nationals operating there. Exit bans are a common practice employed by the Chinese authorities to prevent individuals under suspicion from leaving the country – sometimes on legitimate grounds, but other times for political reasons, experts said. The latest bans come as the world’s second-largest economy seeks to court foreign investment, and inject fresh uncertainties to ongoing US-China…