Author: Press Room

Amazon on Wednesday commenced the latest wave of job cuts in its corporate workforce in what’s poised to be the largest round of layoffs in the company’s history.Employees were notified of the cuts in emails sent by Doug Herrington, the company’s worldwide retail chief, and human resources head Beth Galetti, CNBC confirmed. Amazon said earlier this month that it will cut more than 18,000 jobs.Amazon’s human resources and stores divisions are likely to be among the organizations most severely impacted by the job cuts. The company expects to notify all affected employees in the U.S., Canada and Costa Rica by…

CNN  —  US authorities arrested a Russian cryptocurrency executive who allegedly exchanged hundreds of millions of dollars with drug traffickers and cybercriminals. Anatoly Legkodymov, 40 years old, was arrested in Miami on Tuesday night, the Justice Department said Wednesday. The US Treasury Department has labeled his cryptocurrency exchange, Bitzlato Limited, a “primary money laundering concern,” a move designed to cripple the exchange and cut off its financing. His arrest marks the latest effort by President Joe Biden’s administration to crack down on digital currencies that US officials say have for too long been a safe haven for fraudsters and drug…

Harbour Energy, one of the UK’s biggest oil and gas producers, has told staff it plans to cut jobs this year in response to an increase in windfall taxes on fossil fuel companies.The company is starting a consultation as it reassesses its activities in the UK because of the rise in the “energy profits levy (EPL)”, which aims to capture a share of the bumper profits oil and gas producers have reaped since Russia’s invasion of Ukraine sent commodity prices soaring. It is the first company to threaten job losses in response to the heightened tax burden, although France’s TotalEnergies…

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.Sarah Silbiger | ReutersMarkets are nearly certain the Federal Reserve next month will take another step down in the pace of its interest rate increases.Pricing Wednesday morning pointed to a 94.3% probability of a 0.25 percentage point hike at the central bank’s two-day meeting that concludes Feb. 1, according to CME Group data. If that holds, it would take the Fed’s benchmark borrowing rate to a targeted range of 4.5%-4.75%.While the probability is little changed since late last week, economic data Wednesday helped solidify the idea that after a succession…

When it comes to weight loss, the timing of food consumption is far less important than the amount of food consumed, the authors of a new study suggest.After analyzing data on the eating habits of nearly 550 adults from three health systems in Maryland and Pennsylvania, the researchers concluded that timing of food consumption has little impact on weight gain or loss, while the main driver of weight gain is the amount of food people eat, according to the report published in the Journal of the American Heart Association.“We were most interested in weight gain prevention,” study co-author Dr. Wendy…

A hockey writer appeared to be upset at Philadelphia Flyers defenseman Ivan Provorov for boycotting the team’s Pride festivities on Tuesday over religious reasons while being OK with wearing a jersey supporting the military.Greg Wyshynski, a senior hockey writer for ESPN, pointed that notion out as the uproar over Provorov’s decision reached a fever pitch on social media. Provorov didn’t participate in pregame warmups when the team wore Pride-themed jerseys and used sticks wrapped in rainbow Pride tape.”I respect everybody and I respect everybody’s choices,” Provorov told reporters after the game. “My choice is to stay true to myself and…

Ethereum has reached a new milestone in adoption and security as the number of validators on its network now exceeds 500,000, according to data from BeaconScan. As to whether this milestone or the upcoming Shanghai upgrade will impact Ethereum’s price, this depends on a number of factors that we’ll explore below.Regardless, this is a significant achievement for the Ethereum ecosystem and highlights the growing hype and confidence in the network as it gears up for the Shanghai upgrade, which will allow withdrawals of staked ether for the first time.Significance of the 500,000 Validator MilestoneThe increasing number of validators indicates that…

They say there’s no such thing as a free lunch, but that’s only if you don’t have the McDonald’s app on your phone.The fast food giant is giving away a 6-piece McNuggets to every customer on Wednesday, Jan. 18 in celebration of the item’s 40th anniversary.To get the free nuggets, customers will need to download the McDonald’s app and create a free account. From there, they will be able to select the “FREE 6pc Chicken McNuggets, no purchase necessary” deal on the app’s landing page and check out. The deal is available today only, and can be redeemed only once…

Ghostface returns — again. After the success of the latest Scream film, Gale Weathers and the gang are coming back for another round of scares. “We are tremendously grateful to the fans around the world who enthusiastically received our film,” Paramount and Spyglass said in a statement announcing the sequel in February 2022. “We can’t wait for audiences to see what Radio Silence, writers Jamie [Vanderbilt] & Guy [Busick] and Project X have in store for our Woodsboro family.” The fifth entry in the franchise — simply titled Scream — premiered in January 2022. It was the first film in…

A man who posted to social media platform Reddit admitted he was in the wrong for messaging his wife’s boss behind her back about her work schedule. His defense? He claimed she was overworked and was on the verge of job burnout.  In a Jan. 15 post titled “AITA? I talked to my wife’s boss about her being overworked. Now my wife is yelling at me about never trusting me again,” Reddit user “Sporkwind” asked the community on the “Am I the A******” (AITA) subreddit to weigh in on his actions. Sporkwind explained that his wife had “been putting in 10-14…