More corporate layoffs have hit headlines this week, from a Bloomberg report that another large round of layoffs will be carried out at Meta before founder Mark Zukerberg goes on parental leave, to GM's announcement that it is encouraging most of its white-collar employees to take a payout to walk away,
Cheddar News Senior Reporter Michelle Castillo explains why some of America's biggest hirers are now becoming the country's biggest firers.
Google CEO Sundar Pichai was back in court Tuesday to testify in an antitrust trial that accuses the company of running an illegal monopoly on its Android apps.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
