Giving up the daily grind doesn’t require you to completely disengage from the work world, but it lets you continue to contribute and still earn money
: Amgen to cut about 450 jobs in second round of layoffs this year
Amgen Inc. on Thursday said it would lay off about 450 employees, or less than 2% of its workforce, as it faces increasing pressure from drug prices and high inflation.
The Margin: The Cure’s Robert Smith says Ticketmaster will offer partial refunds after fans revolt over high fees
Band’s frontman ‘sickened’ by unreasonable service fees that added up to more than the tickets’ face value
Earnings Results: FedEx’s aggressive cost cuts are beating weaker demand in battle for investor sentiment
Shares of FedEx Corp. jumped after hours on Thursday after the package deliverer reported third-quarter results that beat expectations.
Lawrence G. McMillan: Stock market volatility this week has triggered a new sell signal
Stay cautious until new highs outnumber new lows on the NYSE.
The Tell: ‘Not a 2008 redux,’ but BlackRock is ready for opportunities amid ‘damage’ of rate hikes and recession
There are ‘financial cracks from rapid rate hikes,’ not a 2008-style banking crisis, says BlackRock, the world’s largest asset manager.
Therese Poletti’s Tech Tales: In Silicon Valley, a boom era feels like it’s ending
Silicon Valley is getting a reset — some could also call it a comeuppance — after the past 12 to 13 years of insane growth, often irresponsible spending, hubris and swagger.
Personal Finance Daily: Network of YouTube financial influencers hit with class action suit for pumping up FTXS and student-loan companies illegally collecting on debt discharged in bankruptcy
Thursday’s top personal finance stories.
The Tell: Be cautious of floating-rate commercial real estate debt, says Barclays
Nitya Capital is reportedly looking to sell about 40% of its multifamily portfolio because rate hikes are making its floating-rate debt a lot more expense.
Project Syndicate: U.S. companies will rely less on China and move manufacturing closer to home as globalization splinters, El-Erian says.
As companies opt for resilience over efficiency, they will increasingly shift their approach to supply chains from ‘just in time’ to ‘just in case.’
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