Amazon plans to cut more than 18,000 jobs, the largest number in the firm's history, as it battles to save costs. Analysts predict more painful spending cuts, saying the company hired too many staff during the past few years.
In general, it's a challenging time for businesses in the US. We look at how local owners operate their businesses.
And exactly one ... Show More
Yesterday
US steps up to save the Argentine Peso
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. In the US though, it's a different story – farmers, especially soybean farmers, have lost ... Show More
8m 56s
Dec 2021
Amazon and the Labor Shortage
Amazon is constantly hiring. Data has shown that the company has had a turnover rate of about 150 percent a year.For the founder, Jeff Bezos, worker retention was not important, and the company built systems that didn’t require skilled workers or extensive training — it could hir ... Show More
26m 15s
May 2021
Consumer price data stokes inflation fears, US labour shortage
US stocks suffered their worst losses in months and government bonds also fell after government data showed the US inflation rate jumped to a 13-year high, and the Colonial pipeline has resumed operations following last week’s ransomware attack. Plus, the FT’s Taylor Nicole Roger ... Show More
8m 31s
Mar 2022
Crude Prices Surge, Pres. Biden and a Ban on Russian Oil Imports, Companies Feeling Pressure to Stop Doing Business in Russia, and What to Make of the "Treacherous" Markets.
Carl Quintanilla, David Faber and Mike Santoli led the show with news that sparked a surge in crude oil prices: President Biden set to announce a U.S. ban on Russian oil and gas exports. The anchors took a closer look at the latest companies to take actions against Russia because ... Show More
43m 29s
Apr 2024
SQUAWK BOX, FRIDAY 12TH APRIL, 2024
U.S. producer prices come in soft, rising just 0.2 per cent and alleviate some jitters about persistent inflation. The Nasdaq posts a new fresh high with Apple leading the way. The iPhone maker enjoys its best day in nearly a year while Amazon hits a new record high. Shares at Mo ... Show More
27m 39s