Business News

Carvana

Carvana Lays Off 2,500 Employees As It Looks To “Align Staffing With Sales Volumes”

Online automotive retailer Carvana Co. has announced it's letting go of 2,500 employees — nearly 12% of its workforce — as they look to "better align staffing and expense levels with sales volumes." Additionally, executives will forgo their pay for the remainder of the year in order to help pay the severances for departing employees.
Federal Reserve

Federal Reserve Raises Interest Rates By 0.5% In Largest Move Since 2000

On Wednesday, the Federal Reserve raised short-term interest rates by 0.5% to 1.00%, marking the largest increase in over two decades as it attempts to fight the ever-increasing inflation that has continued to cause financial burdens for Americans.
Netflix on Phone

Netflix Stock Drops After Company Loses Subscribers For First Time In Over 10 Years

In the first quarter of 2022, Netflix announced that it lost 200,000 subscribers, and it expects to lose an additional two million in the second quarter. It's the first time the company has lost subscribers in a quarter since October of 2011. The news of Netflix's losses sent stocks down nearly 25% in after-hours trading.

New Data Reveals How The End Of Covid-19 Pandemic Protocols Could Negatively Impact US Healthcare 

Whenever the Covid-19 pandemic ends, the US healthcare system may be disrupted greatly due to the amount of hospital systems who have been able to acquire new technology and resources to keep up with temporary emergency measures throughout the pandemic.  

How ‘Wrist Assured Gloves’ Sent Wrist Troubles Away and Kept Workout Passions Alive | Paula Wilbert

For Paula Wilbert, an injury to her wrists put a dagger into performing her favorite yoga and exercise workouts. However, a solution she found has not only put those concerns to rest, but transformed into a booming business.