GE Earnings Climb on Strong Demand for Jet Engines, Power Equipment

Business Earnings Company generated $4.3 billion in cash flow in fourth quarter

‘2022 has been the scariest year of my adult and professional life’: One mortgage broker reveals how the housing slowdown upended financial security.

When mortgage rates hit 7% in the fall, Austin-based mortgage broker Aaron Kovac was a little spooked.  After a stunning rise in home sales amid ultra-low interest rates, “the market just went absolutely silent,” the 32-year-old, who has been in the mortgage industry for six years, told MarketWatch in an interview. As the housing market … Read more

Micron sales dive nearly 50%, and decline is expected to get worse as layoffs planned

Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are planned. Micron MU, +1.01% reported a loss of $195 million, or 18 cents a share, versus net income of $2.31 billion, or $2.04 a share, … Read more

Auto Maker Stellantis to Stop Work at Illinois Factory

Auto Maker Stellantis to Stop Work at Illinois Factory

Twitter Workers Say Farewell After Musk Ultimatum Over Terms of Employment Passes

Tech Company follows up with practical details after billionaire challenges remaining employees to be ‘hardcore’ or leave: ‘This is not a phishing attempt’

Amazon Set to Lay Off Thousands of Corporate Workers

Amazon Set to Lay Off Thousands of Corporate Workers

Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs

WSJ News Exclusive Tech Layoffs are to begin on Wednesday morning, the CEO told hundreds of executives on Tuesday

Ford Offers Choice of Severance or Performance Improvement to White-Collar Employees Deemed Underperformers

WSJ News Exclusive Autos Industry In internal email, Ford tells managers that certain staffers may take severance, rather than enroll in performance enhancement plan

Credit Suisse Unveils Massive Overhaul After Staggering $4 Billion Loss

Credit Suisse the second-biggest Swiss lender after UBS, said it would cut jobs and spin off its investment banking business as it reported a 4 billion franc ($4 billion) loss for the third quarter. The company also intends to raise $4 billion by selling shares as part of what Chairman Axel Lehmann dubbed a “blueprint … Read more

Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it around

Two stocks that have defined Wall Street’s boom in the past decade — streaming giant Netflix Inc. and electric-vehicle maker Tesla Inc. — will hope to turn around some poor recent trajectories as earnings season kicks into a new gear this week. After swelling prices and results from JPMorgan Chase & Co. JPM, +1.66% and … Read more