Author: Editor

Big layoffs are coming to Airtable.Airtable’s new owner, Italian tech conglomerate Bending Spoons, said Monday it is laying off a “large part” of the software company as it reshapes the business around smaller teams and AI features.In an X post, Federico Simionato, Bending Spoons’ product leader, said the cuts were not a reflection of employees’ work but of the company’s “deep belief that small teams ship more and better.””To everyone leaving: thank you. If you’re hiring, these are excellent people and worth a call,” Simionato said.Bending Spoons announced in August that it was acquiring Airtable, the spreadsheet and database app,…

This as-told-to essay is based on a conversation with Bryan Ruiz, a 27-year-old tech sales representative based in Sioux Falls, South Dakota. It has been edited for length and clarity.I grew up in Puerto Rico, and about seven years ago, I moved to the US to look for construction work. After working in construction for a couple of years, I found it to be really back-breaking work.It didn’t matter how hard I worked or how many skills I developed; there was always a cap on what I could earn because I was paid by the hour. I tried to get…

Cathy Valentine lost her job as a transformation lead in 2023. After three years struggling to find a comparable full-time job, the 61-year-old is now a prep cook at a cafe. She said she earns about an eighth of her previous salary.”It just feels like I tried to do everything right and I still am stuck,” said Valentine, who lives in Florida.Some older workers who lose their jobs can afford to retire, while others find a comparable role fairly quickly. But those who don’t risk getting stuck in a job search that drags on for months or even years —…

A Homeland Security Investigations agent gets in a car outside the Washington, D.C., residence of Rep. Ilhan Omar, D-Minn., on Monday morning. Luke Garrett/NPR hide caption toggle caption i Luke Garrett/NPR Federal agents searched the Washington, D.C., home of Rep. Ilhan Omar, D-Minn., on Monday morning. The Department of Justice said in a statement to NPR that agents with Homeland Security Investigations “executed a judicially authorized search warrant.” The warrant is part of an “ongoing federal criminal investigation,” according to the DOJ. Details about the investigation were confirmed by current and former federal officials with knowledge of the search who…

Higher interest rates are on everyone’s mind — but one under-the-radar recession signal suggests Fed rate cuts could be around the corner.Longtime Wall Street strategist Jim Paulsen, the former chief investment strategist of The Leuthold Group, says the US economy is heading for a slowdown. Eventually, economic weakness may prompt the central bank to slash rates, Paulsen said, pointing to one economic indicator in particular: the Walmart Recession Signal, which measures Walmart’s stock price to a global basket of luxury stocks. A spike in the Walmart Recession Signal has historically preceded drops in the Fed funds rate.  Jim Paulsen It’s…

A chicken sandwich from McDonald’s is shown in Chicago, Illinois, May 6, 2021.Scott Olson | Getty ImagesMcDonald’s is betting on chicken and beverages to fuel its next phase of growth, but new consumer spending data suggests the fast-food giant faces stiff competition from rivals that specialize in those areas.At its September investor day, McDonald’s outlined plans to gain an additional 1.5 percentage points of global market share in both chicken and beverages by 2030. The chain identified the categories as significant opportunities to expand its business beyond beef. CEO Chris Kempczinski told CNBC the size of those markets underscores the potential…

The day my son burst into tears at our kitchen table in Utrecht, I realized my meticulous spreadsheets and research hadn’t prepared us for everything.”Mom, I’m the only one who doesn’t understand anything,” he said, pushing away his untouched dinner. “Everyone else is so far ahead, and I can’t follow anything.”That moment, hearing him talk about feeling behind in school, crystallized my first major mistake in our move from Atlanta to the Netherlands in May 2024.Although our relocation has transformed our lives in incredible ways — offering everything from better healthcare to true work-life balance — there were several costly…

Delta Air Lines said it will delay the launch of its nonstop service between Atlanta and the Saudi Arabian capital Riyadh until March after several deadly attacks hit the city’s airport there.Delta planned to begin the route on Oct. 23, with an Airbus A350-900 widebody plane, in what would have marked the first nonstop commercial flight between the U.S. and Saudi Arabia operated by a U.S. airline.But since Thursday, thousands of flights have been canceled to and from King Khalid International Airport in Riyadh, according to Flightradar24. The deadly attacks, claimed by Yemen’s Iran-backed Houthis, escalated Saturday, when a projectile…

Alaska is a bucket-list travel destination for many. For me, it’s the place I call home, but I found myself itching to leave as an adult.After years of traveling, I felt like I was changing, while my hometown stayed frozen in time. I was ready for a permanent adventure abroad, and so I set my sights on moving to Europe.Then one fateful evening, while climbing the corporate ladder to finance my European dream, I met a traveling Australian who shared a similar vision of life abroad — it felt like kismet. Through distance, we stayed connected, fantasizing about a move.One…

Starbucks on Monday denied it is considering acquiring Chipotle Mexican Grill in what would be the biggest-ever restaurant takeover.”Starbucks is not buying Chipotle,” a Starbucks spokesperson told CNBC’s Jim Cramer. Chipotle’s stock was down nearly 4% in morning trading Monday following the statement, while Starbucks shares were 1% higher.The coffee giant’s denial comes after days of rumors about a potential megadeal between the two restaurant companies. On Thursday, the Financial Times reported that Starbucks had been working with advisors on a Chipotle takeover proposal in recent months. The newspaper cited people familiar with the matter.Earlier in October, Semafor reported that Chipotle…