Cryptocurrency FTX's lawyers sued disgraced co-founder Sam Bankman-Fried, alleging theft of funds.
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Gap Cuts 1,800 Corporate Jobs Amid Sales Slump
The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
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Traders Cautious About Big Tech Earnings
Cheddar News' Angela Miles reports live from Chicago to break down what the options market is predicting about big cap tech stocks.
Stock Market Today: Meta's Surge Fuels Big Wall Street Rally
Wall Street steamed to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts.
Report: Tyson Foods Is Eliminating 10 Percent of Corporate Jobs
Tyson Foods is eliminating about 10 percent of corporate jobs and 15 percent senior leadership positions, according to a memo obtained by Reuters. The cuts are just the latest attempt to trim costs amid falling profits.
Verizon is Planning to Expand 5G Network in Rural Areas
Verizon is taking steps to speed up its 5G network in rural areas. The company said it plans to extend its C-band 5G network across a larger suburban and rural footprint, meaning faster speeds for customers in those areas.
Facebook Parent Meta Posts Solid 1Q Results, Stock Soars
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.
Stellantis to Offer Buyouts Amid Electric Vehicle Transition
Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.
