Wall Street dips to week’s first loss despite tech’s efforts
Stocks fell on Wall Street Wednesday, sending the market to its first loss in three days, after more depressing data rolled in on the devastation sweeping the global economy.The S&P 500 dropped 0.7%, and three out of four stocks in the index sank. But the market’s...
Airbnb laying off 1,900 employees due to travel decline
Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic.It’s a serious setback for the 12-year-old home-sharing company, which just a few months ago was valued at $31 billion and...
Disney profit sinks amid shuttered parks, movies and sports
NEW YORK (AP) — The House of Mouse is struggling amid the coronavirus pandemic. Disney reported a steep decline in profit as many segments of its media and entertainment offerings ground to a standstill. Its second quarter profit dropped 91% to $475 million, down from...Facebook removes accounts linked to QAnon conspiracy theory
OAKLAND, Calif. (AP) — Facebook says it has removed several groups, accounts and pages linked to QAnon, taking action for the first time against the far-right U.S. conspiracy theory circulated among supporters of President Donald Trump. The social-media giant made the...