US Layoffs Jump to Mark the Worst Start to a Year Since 2009
Layoffs announced by US employers quintupled in February from a year earlier and were the largest at the start of any year since 2009, led by technology companies.
Bloomberg Business
US and India Plan to Boost Chips Collaboration, Biden’s Commerce Chief Says
The US and India will sign an agreement to boost coordination of their chip-industry incentive plans and are discussing the best ways to avoid over-subsidization as the South Asian nation looks to boost its role in the global technology supply chain.
Studio Behind ‘Everything Everywhere All at Once’ Is New King of Independent Films
If there were any doubts that A24, the media company behind Everything Everywhere All at Once and other Oscar nominees, is the top independent film studio, they could be vanquished at Sunday’s Academy Awards.
Companies Fold on High Valuations, Sparking Flood of Stock Sales
Corporate America and its biggest investors are finally accepting lower valuations in stock sales, sparking a sudden rebound secondary offerings after more than a year of nearly nonexistent share issuance in the US.
Trudeau’s Immigration Push Wins Support Despite Housing Crunch
A majority of Canadians sees increasing immigration as an economic boon, and nearly half support this year’s target, despite a housing shortage that threatens to further drive up real estate prices and rents.
Cemex Taps Global Markets for Perpetual Green Hybrid Offering
Mexican cement maker Cemex SAB de CV is returning to global markets after a nearly two-year hiatus, testing investor appetite with a debut offering of green securities.
New Jersey’s Rising Health-Care Expenses Will Cost Taxpayers $4 Billion Next Year
New Jersey taxpayers will pay more than $4 billion for public employees’ health insurance next year as health costs rise faster than total state spending for the second year in a row.
The Rockies Are Brimming With Snow. The Drought Will Persist Anyway
Colorado River levels are still dangerously low and nothing short of policymaking will change that.
Walmart Chips Away at Amazon’s Lead in a Key Area: Wealthy Online Shoppers
Walmart Inc.’s online subscription service is narrowing the gap with Amazon.com Inc. in a key demographic: affluent shoppers.
UK to Relax EU Data-Protection to Cut Business Costs
The UK unveiled plans to relax some data protection requirements under the European Union’s General Data Protection Regulation, a move that was cautiously welcomed by businesses but criticized by privacy groups.
