Meta announced on November 9 it would be cutting 11,000 workers, or 13% of its total workforce, as revenue continued to slump. Justin Sullivan/Getty Images The tech sector has laid off 120,000 workers in 2022, including huge layoffs at Meta and Amazon. As tech companies’ stock has slumped, Wall Street now has leverage over companies. …
Monthly Archives: November 2022
Chanel headquarters in Paris, France. Getty Images Gen Z and millennials are the largest drivers of the luxury-goods market, per Bain & Co. Gen Zers purchase luxury items three to five years earlier than millennials, the study found. The luxury-goods market is valued at more than a trillion dollars and is expected to withstand a…
Justin Bieber purchased a Bored Ape NFT for $1.3 million that’s now worth $70,000. Bellocqimages/Bauer-Griffin/ Getty Images Justin Bieber’s bought a Bored Ape NFT for $1.3 million in January. It’s now probably worth $70,000, according to NFT Price Floor. The 95% drop in valuation comes after Sam Bankman-Fried’s FTX collapsed and caused crypto prices to…
President Joe Biden delivers an opening statement during a news conference in the East Room of the White House on January 19, 2022. Chip Somodevilla/Getty Images The Education and Justice Department released new guidance on bankruptcy for student-loan borrowers. Borrowers previously had to meet a very strict standard to discharge their loans in court. The…
Liliboas/Getty Images The average 2022 cost for a “classic” Thanksgiving dinner for 10 is $64.05, according to results from the American Farm Bureau Federation. That’s $10.74, or 20%, higher than what it was in 2021. Inflation is a reason for this rise; some stores are offering Thanksgiving deals to help. Thanksgiving is a week away,…
House Speaker Nancy Pelosi of Calif., acknowledges applauds from lawmakers after speaking on the House floor at the Capitol in Washington Thursday, Nov. 17, 2022. AP Photo/Carolyn Kaster Nancy Pelosi announced Thursday she will not be seeking re-election as House Democratic leader. Pelosi said “the hour has come for a new generation” to take on…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. CarMax only offers financing on its cars. Carmax/Insider The bottom line: CarMax Auto…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Welcome to Personal Finance Insider, a biweekly newsletter that connects you with…
If you’re gifting an Xbox Series S or X this year, or even grabbing one for yourself, here’s a chance to get an extra Xbox Core controller for just $40. We saw the Xbox Core controllers get a more a more modest 26 percent discount back in September, but this sale matches the lowest prices…
Stop me if you’ve heard this one before: Dead Island 2 will arrive later than expected. The zombie-smashing game re-emerged in August with a trailer, gameplay video and a firm release date of February 3rd. As it turns out, that release date was actually malleable. Publisher Deep Silver and developer Dambuster Studios have pushed Dead…