Like tesla s elon musk and salesforce s marc benioff, who have also called for similar return to office mandates. However, it s a push that s proven unpopular amongst some tech workers. Last year, a number of corporate employees staged a walk out at its seattle headquarters, citing multiple grievances, including grievances, including the push to get workers back the push to get workers back in the office. In the office. Facebook owner manager has facebook owner manager has bound an several russian bound an several russian media from its platforms. In a media from its platforms. In a statement, it is a decision was statement, it is a decision was made after careful made after careful consideration and that enforcement of the van will consideration and that enforcement of the van will happen over the next few days, happen over the next few days, move comes after the white move comes after the white house signalled that like house signalled that like russia s rt were being used to r
A walk out at its seattle headquarters, citing multiple grievances, including the push to get workers back in the office. Boeing has introduced immediate spending freezes and says it may have to lay off staff temporarily to keep costs down. This comes as the company deals with the impact of a strike involving some Thirty Thousand workers. Boeing has now asked its suppliers to suspend deliveries of parts for the 737 max, 777 and 767 freighter aircraft, which are all built in factories directly affected by the shutdown. Less Tha N less than half of us companies. American companies have become increasingly pessimistic about operating in china. A recent survey from the American Chamber Of Commerce in shanghai showed that less than half of us companies or 47 are optimistic about the worlds second largest economy over the next five years. Largest economy over thats the lowest percentage ever recorded by the survey. Ken wilcox, the former boss of Silivon Valley Bank knows all about the challe
Lets start in the us where its been a tumultuous week on the markets following the publication of a series of reports on the state of the Labour Market. On thursday, one of the latest of these reports showed private employers in the us posting their smallest monthly hiring growth since january 2021, with just under 100,000 new positions. On wednesday, government data showed Job Openings dropped to a 3. 5 year low injuly with 7. 67 million vacancies. And later today, all eyes will be on the Monthlyjobs Survey of employers and households. Last month, the Labor Department reported the Unemployment Rate had hit 4. 3 injuly up from 3. 5 a year earlier. This report is one of the most important gauges of the state of The Worlds largest economy and it is coming at a critical time with the president ial campaign under way. So what might be in store . Joining me now is kyle handley, associate professor of economics at the university of california san diego. Every so much apprehension, you just h
This comes after a rally this comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. Index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, and wall street will also have to contend with seasonal headwinds, as september has historically been a challenging month for stocks. In other news china has announced a probe of canadian a former edge of the governor of new york has pleaded not guilty to acting as a chinese trade and technology partn| to 1ips will be trade and technology partn| to acting ll be trade and technology partn| to acting as e trade and technology partn| to acting as a chinese guilty to acting as a chinese agent. 0scars allege they agent. 0scars allege they followed orders from beijing to followed orders from beijing to advance china s interest. In advance china s interest. In exchan
Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indi