Tech layoffs leave visa holders scrambling to find work to stay in the US

After years of seemingly boundless expansion, the US tech industry has hit a brick wall. Companies are in cash conservation mode, leading to thousands of job cuts a month and a spate of layoffs in November. While the sudden loss of a salary can be devastating for anyone, especially during the holiday season, the recent … Read more

What 5 key personal finance issues mean to you

As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive interest rate hike by 0.75 percentage point to fight inflation, triggering further stock market losses. Meanwhile, fears of a recession are growing, with 84 percent of Americans worrying … Read more

Twitter is less secure because of Elon Musk’s management style, says former top official

CNN business — Twitter owner Elon Musk’s dictatorial management style is likely to lead the company headlong into unforced commercial errors, content moderation disasters and degradation of core platform features that help protect vulnerable users, according to a former senior Twitter official who led the company’s content moderation before abruptly stepping down this month. The … Read more

A look at Elon Musk’s chaotic first month on Twitter

Cnn — Sunday officially marks one month since the world’s richest man took the helm of Twitter. Around that time, Elon Musk initiated mass layoffs and gave remaining staffers a cryptic ultimatum, reinstated the accounts of controversial figures including former President Donald Trump, and launched — then bulleted — a plan to bill iconic blue … Read more

What were Elon Musk’s lenders thinking?

When Elon Musk sought funding for his bid to take over Twitter earlier this year, he had little trouble finding institutions willing to give him the money he needed. Morgan Stanley took the lead and organized a syndicate of banks, including Bank of America and Barclays, which pledged to lend Musk $13 billion. The whole … Read more

Elon Musk has turned Twitter’s business upside down. Here’s how he might fix it

New York CNN business — Much of Twitter’s ad sales team has been fired or kicked out. Big companies, from General Mills to Macy’s, have suspended advertising on the platform, with others potentially following suit after new owner Elon Musk’s decision to reinstate the account of former President Donald Trump and other controversial figures. And … Read more

Musk: ‘People have spoken; Trump will be reinstated; Vox Populi, Vox Dei’

Elon Musk tweeted Saturday night that “people have spoken. Trump will be reinstated.” The news came after a poll by Musk on Twitter found a 51.8% majority in favor of Trump returning to Twitter. Former President Donald Trump, who vowed never to return after being banned after Jan. 6, has yet to issue a statement. … Read more

Comcast, AT&T, Cox, ISPs Charge Junk Rates For Slow Speeds: Study

Photo: Kamil Urbano (Shutterstock) If there’s one thing Americans seem to agree on, it’s that they don’t like their Internet service providers. They have plenty of good reasons to be frustrated, according to a Consumer Reports US broadband service survey released Thursday. Consumer Reports collected and analyzed over 22,000 Internet bills in one unprecedented study … Read more

Dozen daily | Forbes: the favorite social media of billionaires; Facebook’s political black market; Google Privacy Sanction

Sam Bankman-Fried of FTX. ILLUSTRA TION BY STEPHANIE JONES FOR FORBES; PHOTO BY GUERIN BLASK FOR FORBES; RICHARD ROSS / GETTY The collapse of the cryptocurrency exchange FTX is causing challenges for the nonprofits that Sam Bankman-Fried has promised to fund. Foreign government officials spent up to $ 750,000 at former President Trump’s Washington hotel … Read more