Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy common stock and newly created preferred stock, giving Lordstown Motors a fresh injection of capital as it works to ramp up production of its debut model, the Endurance. In addition, Foxconn and Lordstown Motors said they would jointly develop their … Read more

The best places to get income in the bond market now

The best places to get income in the bond market now

Bonds have performed so poorly this year that many investors are probably wondering what the point of owning any is. People usually buy fixed-income investments to add stability to portfolios in addition to collecting regular income — but that strategy has backfired this year. Funds that track the U.S. bond market have fallen about 16%, … Read more

Startups are looking to lay off techies

Startups are looking to lay off techies

Debt-laden with investor capital, tech startups plan to snap up software developers, engineers and marketers flooding the job market after job cuts at Twitter Inc., Lyft Inc. and other major tech employers. Kathy Zhu said she is fielding candidates for engineering, customer service and other roles at Streamline AI, the two-year-old tech startup she co-founded. … Read more

Startups are looking to lay off techies

Startups are looking to lay off techies

Debt-laden with investor capital, tech startups plan to snap up software developers, engineers and marketers flooding the job market after job cuts at Twitter Inc., Lyft Inc. and other major tech employers. Kathy Zhu said she is fielding candidates for engineering, customer service and other roles at Streamline AI, the two-year-old tech startup she co-founded. … Read more

In bond investments, ‘return’ can be calculated in many ways

In bond investments, ‘return’ can be calculated in many ways

As central bankers raise interest rates to combat inflationary pressures, it has created a sea of ​​red ink for bond investors. It also means that interest rates are back in the spotlight as investors look for new earning potential in a battered market. “When interest rates were very, very low, people looked to bond funds … Read more

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply chain technology provider project44 has postponed plans for a possible public offering amid uncertainty in markets, and is instead turning to more venture capital investments to expand its company’s tracking of goods through global transportation networks. Chicago-based project44, one of a number of supply chain software startups that have drawn billions of dollars in … Read more

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn has a significant stake in Crown Holdings Inc. CCK -3.19% and believes the beverage can maker should shed non-core units and buy back more stock, according to people familiar with the matter. The billionaire activist investor has a stake of about $700 million, making him the company’s second-largest owner, the people said. Newsletter … Read more

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn has a significant stake in Crown Holdings Inc. CCK -3.19% and believes the beverage can maker should shed non-core units and buy back more stock, according to people familiar with the matter. The billionaire activist investor has a stake of about $700 million, making him the company’s second-largest owner, the people said. Crown … Read more

Instacart gives first company-wide cash bonus after IPO delay

Instacart gives first company-wide cash bonus after IPO delay

Instacart Inc. will pay out its first company-wide cash bonuses starting in December, people familiar with the matter said, as the grocery purveyor aims to motivate staff after delaying its initial public offering. The cash bonus is a shift in the company’s efforts to reward and retain employees. Instacart has historically given out stock rewards … Read more