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Amazon Set to Lay Off Thousands of Corporate Workers

The layoffs are targeted for corporate employees and could primarily affect Amazon’s devices business, as well as human resources and retail, according to a person familiar with the matter.

The Wall Street Journal |  | Fuente original

Investors Question Whether Big Tech’s Rebound Can Last

Technology stocks last week staged their biggest comeback since the global financial crisis. Some investors still aren’t sold on the sector.

The Wall Street Journal |  | Fuente original

Xi Jinping Steps Back Onto Global Stage After Three-Year Absence

A question is whether the Chinese leader will try to calm fears among his most powerful international critics at summits this week.

The Wall Street Journal |  | Fuente original

Amazon, in Broad Cost-Cutting Review, Weighs Changes at Alexa and Other Unprofitable Units

CEO Andy Jassy is leading the review including the devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show.

The Wall Street Journal |  | Fuente original

U.K. Economy Shrank in Third Quarter, Sliding Toward Recession

High energy costs, rising interest rates and a labor shortage weighed on British output in the three months through September.

The Wall Street Journal |  | Fuente original

Frustrated Republicans Try to Explain Lack of Midterm ‘Red Wave’

GOP lawmakers and strategists point to former President Donald Trump’s role, candidate quality and abortion as reasons for the weaker-than-expected results.

The Wall Street Journal |  | Fuente original

Binance Walks Away From Deal to Rescue FTX

Crypto exchange Binance said it would walk away from an initial offer to acquire its competitor FTX after a review of the company’s finances.

The Wall Street Journal |  | Fuente original

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