Author: franperez66q@protonmail.com

The Etsy Inc. headquarters in the Brooklyn borough of New York, US, on Tuesday, June 25, 2024.Victor J. Blue | Bloomberg | Getty ImagesEtsy said Wednesday it’s laying off about 220 employees, or roughly 12% of its workforce, as the online marketplace looks to simplify its organizational structure and innovate faster in an increasingly competitive e-commerce industry.Etsy CEO Kruti Patel Goyal, who took over the helm at the beginning of this year, told staffers in a memo that the job cuts will position the company for “building the organization we believe Etsy needs for the future.” Most of the cuts…

Thousands of Internet-connected servers sold by the world’s biggest manufacturers can be remotely backdoored by exploiting critical vulnerabilities—some more than a decade old—that lurk deep inside system motherboards, according to research presented Wednesday. Baseboard management controllers are miniature computers that are embedded into the motherboards of virtually every enterprise server. The microcontrollers, typically abbreviated as BMCs, run with their own operating system firmware, network stack, and IP address. Administrators rely on them to monitor the physical status of large fleets of servers and to perform a variety of tasks, including rebooting machines, installing updates, and even reinstalling operating systems. BMCs…

Reform UK has pledged to imprison the bosses of companies employing illegal migrants and said it would fine larger firms 10 per cent of their global revenues.The party said its aim was to stop delivery and gig economy companies profiting from illegal workers “without consequences”.Home affairs spokesperson Zia Yusuf said “young British people are being shut out of entry level jobs and our whole economy is being undermined”.The Home Office said it was already increasing penalties for companies hiring illegal workers. A source within the department called some of Reforms proposals “empty posturing”.Reform said that if it won the next…

CNBC’s Jim Cramer said Wednesday investors looking at Elon Musk’s SpaceX should stop thinking in quarters and start thinking in decades.”SpaceX could be a 100-year piece of paper,” the “Mad Money” host said, arguing that SpaceX should be viewed much like the century-long railroad investments that ultimately rewarded patient investors. “Maybe you put some away for the next generation or even the one after that.”Shares of SpaceX fell 13.6% on Wednesday as Wall Street digested the rocket-and-AI company’s first earnings report since its historic June IPO. While revenue in the quarter topped expectations, the company disclosed sharply higher capital expenditures.…

“Really?” Those hopes were dashed during Schwartz’s confirmation hearing last month when she repeatedly failed to answer questions directly and say with conviction that she would push back on Kennedy’s anti-vaccine and anti-science agendas. Perhaps the most disturbing aspect of Schwartz’s testimony came when senators repeatedly asked her what she would do if (or when) she’s put in the same position as Monarez. Schwartz responded as if it hadn’t happened and would never happen. “I do not believe that the president or the secretary would ever do what you just mentioned,” she told Sen. Bernie Sanders (I-Vt.) at one point,…

Miguel Milano, President and Chief Revenue Officer at Salesforce.Courtesy: SalesforceSalesforce has appointed an operating chief under CEO Marc Benioff, promoting Miguel Milano to the role. Milano, a former Oracle executive, rejoined Salesforce as chief revenue officer in 2023. He previously worked for Salesforce in Europe from 2011 to 2020 and then spent three years at data processing company Celonis as chief revenue officer. He made his first appearance on Salesforce earnings calls last year. The promotion, announced on Wednesday, signals another attempt to widen the leadership ranks at Salesforce, which Benioff co-founded in 1999 and has run ever since. In…

Andy Burnham will tell firms bidding for public contracts to prove they are creating jobs rather than meeting green and social targets in a bid to get more people into work.The prime minister will overhaul the £90bn public procurement system so bidders have to show they are supporting young people into work and addressing local skills shortages.It comes as the government seeks to tackle the youth unemployment crisis, with Burnham saying he wants to create “growth in every postcode”.But green groups criticised the plans, arguing supporting young people into work should not come at the expense of the environment.Companies bidding…

Disney is “exploring a free product” for streaming customers, CEO Josh D’Amaro confirmed in a call with investors today. D’Amaro, who succeeded Bob Iger as Disney’s chief in March, said that a free Disney-owned streaming service would help Disney reach more “price-sensitive” customers, which is a “strategic priority” for Disney, according to a transcript of the call. A free streaming service would also generate more ad revenue, which has become increasingly important for streaming services challenged by plateauing subscriber numbers, subscriber churn, and competition from cheaper and free rivals. “Unlike a lot of our AVOD [advertising video on demand] competitors, we’re…

The driver of the vehicle, Henry Long, received a 16-year sentence and is not eligible for early release. Speaking on the Today programme, Thames Valley Police chief Jason Hogg urged the government to reconsider its position.Only prisoners convicted of murder, rape, grooming, and serious child sex offences will be excluded from the scheme in England and Wales – while those convicted of manslaughter remain eligible.”I fully understand the challenges around the crisis in the prison system,” he said. “But the decision made and where that line has been drawn, I do not believe that people responsible for taking the life…

Traders work on the floor of the New York Stock Exchange. NYSETuesday’s rally was so intense that it’s shaking up some of the usual assumptions around volatility pricing.The Cboe Volatility Index (VIX) – sometimes referred to as the stock market’s “fear gauge” – rose a full point in the midst of Tuesday’s breakout 1.8% rally in the S&P 500. As stocks extended gains in the first hour of trading Wednesday, the volatility gauge was up alongside equities again. As the market softened and reversed, the VIX fell.Stock Chart IconStock chart iconThe VIX index and the S&P 500 in the past…