The news is full of emergency meetings, central banks offering credit lifelines and tumbling bank shares.
No wonder people are asking: is this the start of another financial crisis?
Politicians, including the UK prime minister, and central banks, say the situation is now stable. But banking shares have continued to fluctuate.
So how bad is this and what does it mean for you?
When Amazon announced it was laying off another 9,000 employees today, AWS employees were not exempt with Amazon CEO (and former AWS CEO) Andy Jassy announcing the cloud division would be included into today’s round.
TechCrunch is hearing that around 10% of today’s total came from AWS. The company would not confirm those numbers, instead referring to Jassy’s memo to employees that was published this morning as the gist of its statement.
While most of us will never bear witness to them, many of the world’s smallest organisms have some incredible means of survival. Some soil bacteria, for example, can gobble up hydrogen from the air and use it for fuel if starved of any other food.
It’s exactly this microbiological trickery that set researchers from Monash University in Australia on a long path to locating and isolating an enzyme from Mycobacterium smegmatis that processes the consumed hydrogen and outputs it as electricity. Now, this has the potential to be harnessed for use to power things such as small devices and implants.
“We’ve known for some time that bacteria can use the trace hydrogen in the air as a source of energy to help them grow and survive, including in Antarctic soils, volcanic craters, and the deep ocean,” said Chris Greening, microbiology professor at Monash and co-lead of this study. “But we didn’t know how they did this, until now.”
Carnival Cruise Line hopes its guests relax and have fun on its fleet — up to a point.
The company is informing customers ahead of spring break that unruly passengers could be hit with a $500 fine and required to disembark prematurely, Fox News reported.
Twitter has slapped yet another social media stat on users’ tweets: Bookmark counts.
On Thursday, Twitter started to roll out analytics onto tweets that show how many times a tweet has been bookmarked(Opens in a new tab). As of publishing time, the bookmark count stat is only showing up on Twitter’s iOS apps but will soon expand and be displayed on Twitter for web and other platforms too.
The past two tax-filing seasons were fraught with aggravations, delays, last-minute changes and huge backlogs at the IRS. But by comparison, this year’s tax-filing season has been going relatively smoothly, tax preparers say.
“After a few years of pandemic-related updates, mid-tax season IRS guidance, last-minute tax law changes and more, the ‘quiet’ is a welcome change to many,” the National Association of Tax Preparers said in a statement
Indeed, the most recent filing season statistics from the IRS indicate more returns are being processed and more refunds are being issued than at the same point last year.
For example, the IRS reports that as of the week ending March 3 it had sent out 11% more refunds than it had during the same week a year ago. Even though the IRS has processed more refunds at t
Many men with prostate cancer can delay or skip harsh treatments, such as surgery or radiation, without undermining their chances of survival, a decades-long study finds.
Instead, they can have their cancer “actively monitored” following diagnosis, rather than having their prostate removed or exposed to high-energy radiation. Such treatments can cause long-lasting side effects, such as urinary leakage, erectile dysfunction, and other problems with urinary, bowel, and sexual function.
Entenmann’s, a baked goods company based in New Jersey, has brought back their iconic “window packaging” after receiving customer complaints about a change in their packaging design. The company had switched to a new packaging design that did not feature the clear window, according to a Fox report, which allowed customers to see the product inside.
Entenmann’s, which is owned by Bimbo Bakeries USA, had made the change to the packaging in order to reduce plastic waste. However, the new design was met with criticism from customers who claimed that the lack of a window made it difficult to see what was inside the package.
Apple’s biggest supplier Foxconn says its revenue last month fell by 11.65% compared to the same period in 2022 due to weaker demand for electronics.
However, February revenue was more than $13bn (£10.8bn), the second highest figure on record for the month.
Foxconn added that operations at the world’s biggest iPhone factory in the Chinese city of Zhengzhou are recovering from Covid disruptions.
Also over the weekend the firm said it was exploring opportunities in India.
Relativity Space called off the first launch attempt of the Terran 1 rocket a little over a half hour before the close of the launch window, joining every other space company in history in not launching their vehicle on the first attempt.
The company has a backup launch window tomorrow, though it’s unclear if they’ll attempt the launch again. (Update: Shortly after concluding the launch livestream, the company said on Twitter that the next launch attempt will be “a few days from now.”) Relativity ended their livestream without disclosing further details as to the cause of the scrub. (Update 2: Relativity later said the launch was called off due to exceeding criteria limits for the thermal conditions of propellant on the second stage.)
Dispatches From The Front 