New York Stock Exchange and Nasdaq open on August 18, 2023
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Survey: Many Laid-Off Workers Not Receiving Severance
A Dutch recruitment firm found that only 42% of employees who have been laid off this year actually received severance, down from 64% who received severance in 2021.
Some Still Not Paid After Bank Deposit Delays
Direct deposit delays due to a human error that happened last week have resulted in some customers still not receiving their paychecks.
Nestle Reportedly Investing $100M Food Delivery Startup Wonder Group
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
A Meta Engineer Saw His Own Child Face Harassment on Instagram. Now, He's Testifying Before Congress
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike Suing New Balance and Skechers for Patent Infringement
Nike is suing two of its competitors for alleged patent infringement.
Breaking Down Uber's Latest Earnings and What to Expect This Fiscal Year
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Biz Breakdown: WeWork Bankruptcy, Shein Valuation Reports and EV Backup Gas Generator
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork Seeks Bankruptcy Protection in Stunning Fall for a Firm Once Valued at Close to $50 Billion
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble CEO to Step Down
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
