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US oil giants report lower profits but lift shareholder payouts
US oil giants report lower profits but lift shareholder payouts
ExxonMobil and Chevron reported profits Friday that were much lower than last year's due a drop in commodity prices, but still lofty enough...
2023-07-28 22:57
Biden to tout 'Bidenomics' in Maine as GDP grows, inflation falls
Biden to tout 'Bidenomics' in Maine as GDP grows, inflation falls
By Jarrett Renshaw and Steve Holland (Reuters) -President Joe Biden headed to Maine on Friday, his first trip to the
2023-07-28 22:49
Key US inflation gauge cools further as rate hikes bite
Key US inflation gauge cools further as rate hikes bite
A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank's target...
2023-07-28 21:55
Women Hold a Third of S&P 500 Boards Seats With Gains in June
Women Hold a Third of S&P 500 Boards Seats With Gains in June
Women retained control of a record high one-third of S&P 500 board seats in June as companies moved
2023-07-28 21:46
US labor costs growth slows in second quarter
US labor costs growth slows in second quarter
WASHINGTON U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit,
2023-07-28 21:19
11 High-Quality Amazon Home Finds Our Editors Swear By
11 High-Quality Amazon Home Finds Our Editors Swear By
Amazon is probably one of the most convenient shopping platforms out there, but despite the easy and speedy returns process, we keep a very selective eye over the useful products we recommend — and only show you the Amazon buys we swear by — to avoid stirring up buyer's remorse. We are especially hard to impress when it comes to Amazon home goods. Given this product will get plenty of exposure around the house, and will likely be frequently in use, only the best of the best will do.
2023-07-28 21:16
US annual inflation slows in June, consumer spending solid
US annual inflation slows in June, consumer spending solid
WASHINGTON U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest
2023-07-28 20:45
Air France-KLM doubles profits despite inflation
Air France-KLM doubles profits despite inflation
Air France-KLM announced Friday it doubled its net profit in the second quarter, benefiting from high demand in air travel despite rising inflation...
2023-07-28 20:27
Stagnant German growth clouds eurozone economy
Stagnant German growth clouds eurozone economy
Flatlining German growth figures on Friday contrasted with positive performances in France and Spain, adding to worries that the traditional manufacturing powerhouse could become a...
2023-07-28 18:26
Wall Street futures rise ahead of inflation data; chip stocks rally
Wall Street futures rise ahead of inflation data; chip stocks rally
U.S. stock index futures rose on Friday, setting Wall Street on course to end a data- and earnings-heavy
2023-07-28 18:20
AIB makes a pre-tax profit of €987m
AIB makes a pre-tax profit of €987m
Its UK division, which includes its NI business, had a pre-tax profit of £119m, up £53m since 2022.
2023-07-28 17:54
Former Elon Musk colleague reveals Twitter boss ‘seems quite lonely’
Former Elon Musk colleague reveals Twitter boss ‘seems quite lonely’
It’s lonely at the top – just ask Elon Musk’s former colleagues. The Twitter owner tells the same jokes and anecdotes “over and over” and “seems quite alone,” according to a former senior executive at the company. Esther Crawford, who went viral last year after being pictured sleeping on the floor of Twitter’s office while trying to meet a tough deadline set by Musk, shared her thoughts in a post on the platform which was recently renamed X. Sign up to our free Indy100 weekly newsletter Crawford joined Twitter when it bought her startup in 2020, well before the billionaire took over the social media platform in a $44bn deal last year. The former head of product development, who was sacked in February as part of a round of 200 layoffs, said: “Elon is oddly charming and he's genuinely funny. He also has personality quirks like telling the same stories and jokes over and over. “The challenge is his personality and demeanour can turn on a dime going from excited to angry. “Since it was hard to read what mood he might be in and what his reaction would be to any given thing, people quickly became afraid of being called into meetings or having to share negative news with him.” She said Twitter employees feared being called into meetings with him or having to deliver bad news. “At times it felt like the inner circle was too zealous and fanatical in their unwavering support of everything he said.” “Product and business decisions were nearly always the result of him following his gut instinct, and he didn't seem compelled to seek out or rely on a lot of data or expertise to inform it. “I saw a person who seemed quite alone because his time and energy was so purely devoted to work.” Meanwhile, Musk appeared to put more faith in random feedback and Twitter polls than in his employees who were working to troubleshoot problems. She said: “His boldness, passion and storytelling is inspiring, but his lack of process and empathy is painful.” However, she didn’t pull any punches about the previous management either, calling it “bloated” and “soft and entitled” where “teams could spend months building a feature and then some last-minute kerfuffle meant it'd get killed for being too risky.” Musk recently killed off the iconic bluebird Twitter logo, replacing it with a white X. He has said he wants to create a super-app inspired by China’s WeChat which would offer messaging and payments as well as social media. That vision may be difficult to make a reality, after the collapse of the platform’s advertising business as marketers soured on Musk’s decision to fire thousands of employees and dial down its content moderation efforts. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-28 17:27
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