Tech slammed as Twitter's Dorsey testifies before House committee

Wed, Sep 5, 2018, 3:05 PM

In this article:

Stocks are down, with the Nasdaq getting slammed, as big-tech execs get grilled on the Capitol Hill. Plus, Twitter shares tumble as CEO Jack Dorsey testifies before Congress — we have the latest on DC’s big tech hearings.

And Amazon is partnering with a big name in fashion retail to build out its unique delivery service. Plus, the call of the day sees the world’s largest retailer getting a bullish note from Wall Street, claiming its sales turnaround is real. Catch The Final Round at 3:30 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•1d ago
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. CEO Robert Jordan said the airline was reacting quickly “to address our financial underperformance," including by slowing down hiring and asking employees to take time off.
Associated Press Finance•5h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
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Investor's Business Daily•1d ago
Javier Milei Sparks Wild Rally That Makes Peso No. 1 in World
(Bloomberg) -- Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a Meeting With
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Stocks Hit as GDP Brings ‘Worst of Both Worlds’: Markets Wrap
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Bloomberg•38m ago
Southwest to Exit Four Airports as Boeing’s Problems Ripple Through Industry
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.
The Wall Street Journal•1h ago
The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade
This growth ETF has nicely outperformed the S&P 500 since its inception.
Motley Fool•6h ago
‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
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Motley Fool•3h ago
China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•20h ago

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Tech slammed as Twitter's Dorsey testifies before House committee

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Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well

$433 Billion Gone! One Stock Loses More Value Than Tesla

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