Amazon Freezes Hiring Levels
Amazon.com Inc. (NASDAQ: AMZN) is reportedly freezing staffing levels in its profitable advertising business.
CFO said last week that the company was ‘investing’ in ads unit
E-commerce giant responds to a slower pace of sales growth
Amazon freezes hiring levels in profitable advertising business to rein in expenses.https://t.co/6oqVPPFJft
— ValueTheMarkets (@ValueTheMarkets) November 2, 2022
Soaring Food Prices, Soaring Profits
Some companies and restaurants continue to raise prices even after their own inflation-related costs are covered.
Soaring food prices, soaring profits.https://t.co/ijsAw4HjTy
— ValueTheMarkets (@ValueTheMarkets) November 2, 2022
Risky Trading Strategy Proving Popular
Short-dated options fuelling intra-session volatility on S&P 500.
Risky trading strategy proving popular. Short-dated options fuelling intra-session volatility on S&P 500.https://t.co/tSSv6ypYji
— ValueTheMarkets (@ValueTheMarkets) November 2, 2022
$13.8bn Opioid Settlement
CVS Health Corp (NYSE: CVS), Walmart (NYSE: WMT), and Walgreens Boots Alliance (NASDAQ: WBA) tentatively agrees to pay $13.8bn to settle opioid lawsuits.
$CVS Health, $WMT Walmart, $WBA Walgreens tentatively agree to pay $13.8bn to settle opioid lawsuits. https://t.co/zDlgLfoEQI
— ValueTheMarkets (@ValueTheMarkets) November 2, 2022
Mitsui Eyes Vale Nickel Copper Stake
Mitsui considering a bid for a minority stake in Vale's (NYSE: VALE) nickel and copper operations.
Mitsui considering bid for minority stake in Vale's #nickel and #copper operations. $VALEhttps://t.co/Gg4hsYN7oc
— ValueTheMarkets (@ValueTheMarkets) November 2, 2022