Monthly Archives: November 2022

Jack Dorsey once again denied there’s any chance he could return as Twitter’s CEO under Elon Musk

Jack Dorsey and Elon Musk. Getty Images Jack Dorsey said “nope” when asked if he would accept a position as CEO of Twitter again.  Elon Musk is looking for someone to take permanent charge of his recently acquired social-media firm. Dorsey founded Twitter and has served as its CEO on two separate occasions in the…

The UK has laid out a $65 billion package of tax rises and spending cuts to restore faith after political upheaval and a market storm

UK finance minister Jeremy Hunt announced a fresh package of tax rises and spending cuts Thursday. Jack Taylor/Getty Images The UK’s finance minister Jeremy Hunt has laid out a £55 billion package of tax rises and spending cuts. The government wants to restore credibility after a prior tax plan drove the pound to an all-time…

Top US general says Russia ignored his call after Poland missile strike — an ominous glimpse at how a future crisis could play out

Chairman of the Joint Chiefs of Staff General Mark Milley at a press conference at the Pentagon in Washington, DC, on November 16, 2022. MANDEL NGAN/AFP via Getty Images Gen. Mark Milley said he tried calling his Russian counterpart after a missile hit Poland. But he said he had “no success” contacting Gen. Valery Gerasimov. …

House prices might plunge 20% in the hottest US markets – and the slump could hammer the wider economy, top investor says

Peter Boockvar. CNBC Home prices could tumble 20% in some of the hottest US markets, top investor Peter Boockvar said. He cited the surge in prices during the pandemic, and soaring mortgage rates pricing out buyers. The Bleakley Advisory boss warned a housing slump could hit consumer spending and the wider economy. House prices could…

Take a look at the planes upstart airline Northern Pacific plans to use to connect Japan and Korea with major US cities through Alaska

Northern Pacific Airways Brady MacDonald/Insider Northern Pacific plans to start flying from NYC, LA, Orlando, and Vegas to Japan and South Korea starting in 2023. Look inside Northern Pacific’s fleet of second-hand 757-200s. The new Northern Pacific airline plans to connect Asia and major US cities through Alaska next year.Northern Pacific Airways Brady MacDonald/Insider Northern…

An ex-Shopify employee used her severance to found a new startup after getting laid off with 1,000 others. Here’s why that can be a smart move in a downturn.

Stella Alexandrova founded travel app MAVE after being laid off by Shopify. Stella Alexandrova Stella Alexandrova was one of 1,000 employees laid off by e-commerce giant Shopify in July.  She saw the layoff and five months of severance as an opportunity to launch a business.  A recession is actually a good time to start a…

Russian colonel involved in Putin’s mobilization campaign found dead in office, reports say

Russian President Vladimir Putin chairs a meeting via a video link in Moscow, Russia, on September 29, 2022. Gavril Grigorov/Sputnik/AFP via Getty Images A Russian colonel was found dead in his office on Thursday, according to multiple reports.  Vadim Boyko, who ran a naval college, was found with at least one gunshot wound, the reports…

The Morning After: Elon Musk issues ultimatum to remaining Twitter employees

Twitter might lose even more employees following the mass layoffs that halved its workforce earlier this month – and after the company fired engineers who publicly called out its new owner. Elon Musk gave the remaining staff an ultimatum and asked them to commit to an “extremely hardcore” Twitter, going forward. “If you are sure…