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Holiday spending grew, erasing worries of a downturn

(NEW YORK) -- Consumer spending grew solidly this holiday season, rebuking concerns of a slowdown and reinforcing positive signals about the U.S. economy as it approaches the end of a tumultuous year.Buying among shoppers rose 3.1% over the holidays compared to the same period... Read More.

Microsoft is laying off 10,000 workers amid tech downturn

(NEW YORK) -- Microsoft said it will lay off 10,000 employees this year, the latest tech firm to slash jobs as the sector contracts after a pandemic-era boom.The layoffs will affect nearly 5% of Microsoft's global workforce, the company said."As we saw customers accelerate... Read More.