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Federal Judge Blocks JetBlue-Spirit Merger Over Fears of Eliminating Competition

Updated Jan. 16, 2024 5:13 pm ETA federal judge on Tuesday blocked JetBlue Airways $3.8 billion deal to buy Spirit Airlines, rejecting a merger that he said would hamper competition and lead to higher fares.The ruling thwarts what would have been the biggest U.S. airline merger in over a decade. It marks a victory for the U.S. Department of Justice, which sued last year to prevent JetBlue and Spirit from going ahead with their tie-up.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared

One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet.Companies in the S&P 500 spent $65 million for executives to use corporate jets for personal travel in 2022, up about 50% from prepandemic levels three years earlier, a Wall Street Journal analysis found. Early signs suggest the trend continued last year. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 One of the flashiest executive perks

Human vs Machine: Is Artificial intelligence job creator or terminator? Experts assess sector-wise impact

However, there is no straightforward answer to the question of the overall number of opportunities AI will create in comparison to the number of jobs it will end or change. Maggioncalda highlighted the need to look at this through the lens of specific sectors. Speaking on AI's impact on Coursera hiring, he said that it has only opened doors for more hiring, mostly for a developers' profile. Maggioncalda also highlighted that AI is helping eliminate the parity of capabilities…

Companies Aren’t Done Cutting White-Collar Jobs

After a year of right sizing, employers are looking in the mirror and concluding there is still fat to lose. Companies including Amazon, Xerox, Google and BlackRock this month have announced plans to trim their workforces. Some of the companies now cutting jobs conducted larger-scale layoffs over the past year or so. Since then, inflation has come down along with expectations for a recession, which most economists anticipated as recently as the middle of last year. Copyright ©2024Dow Jones & Company, Inc. All Rights

SEC Charges Future FinTech Group CEO Huang With Manipulative Trading

The Securities and Exchange Commission has charged Shanchun Huang with allegedly inflating Future FinTech Group’s share price just before he took over as the company’s chief executive.The SEC alleged in a complaint Thursday that Huang used manipulative trading techniques in early 2020 to push the fintech firm’s share price up, with the goal of preventing it from being delisted from the Nasdaq exchange.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The Securities and

The Companies Cutting Jobs in 2024: Here’s the List

Listen to article(1 minute)Some companies are kicking off the new year by trimming staff as a steady labor market shows signs of cooling off. The labor market flashed some warning signs at the end of last year. Hiring has slowed in recent months. Open positions also dropped at the end of 2023 compared with the beginning of the year, while employees are quitting at a lower rate than before the pandemic began. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to

Bank Earnings Season Is About to Start. Here’s What to Expect.

Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment.  So far, households have continued to spend and borrow, despite higher borrowing costs, and businesses have hired at a healthy pace. The biggest banks have reaped the rewards. JPMorgan, Wells Fargo and Bank of Americaturned in strong profit growth for the first three

It’s Time to Turn on Two-Factor Authentication

We get it. Turning on two-factor authentication for your online accounts can be a pain. But like going to the dentist, it’s just something you have to do.On Tuesday, someone broke into the Securities and Exchange Commission’s official X account and tweeted that spot bitcoin exchange-traded funds had been approved, sending the price of the cryptocurrency briefly higher. The official-looking announcement was a hack, an SEC spokeswoman said; the agency did officially approve the ETFs on Wednesday. Copyright ©2024Dow Jones

Intel to Buy Silicon Mobility SAS

Intel agreed to buy Silicon Mobility SAS, a fabless silicon and software company that develops system-on-chips for intelligent electric vehicle energy management.The purchase is one of the plans Intel announced at CES to bring its “AI everywhere strategy into the automotive market.”Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Intel agreed to buy Silicon Mobility SAS, a fabless silicon and software company that develops system-on-chips for intelligent electric

Tax software deals: Save on TurboTax and H&R Block

Image used with permission by copyright holder Tax season is upon us so if you’re looking for the best tax software for filing your taxes and keeping on top of everything, you’ll be delighted to see we’ve picked out some great tax software deals. Such software means you won’t be at such high risk of being audited, plus you’ll know how to save well on your investments and other financial details. Two of the biggest names in the business — H&R Block and TurboTax — are discounted right now and they’re both great…