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Money & Markets

Flying home for the holidays will cost you more this year

People still looking to book trips home to visit family or take a vacation during the holidays need to act fast and prepare for sticker shock. Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say ...

Facebook parent Meta cuts 11,000 jobs, 13% of workforce

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new ...

Adidas appoints boss of rival Puma as CEO after Ye fallout

BERLIN — Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January as the company weathers the fallout from its split with the rapper formerly known as Kanye West. Gulden will replace Kasper Rorsted, ...

Twitter slashes its staff as Musk era takes hold on platform

Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the company, raising grave concerns about chaos enveloping the social media platform and its ability to fight disinformation just days ahead of the U.S. midterm elections. The speed and size of the cuts also opened Musk ...

General Mills, Audi pause Twitter ads, will evaluate site

NEW YORK — General Mills and Audi are the latest big advertisers to pause ads on Twitter as questions swirl about how the social media platform will operate under new owner Elon Musk. Spokesperson Kelsey Roemhildt on Thursday confirmed the move by the Minneapolis-based maker of food brands ...

Russia rejoins deal on wartime Ukrainian grain exports

KYIV, Ukraine — Russia agreed Wednesday to rejoin a wartime agreement that allows Ukrainian grain and other commodities to be shipped to world markets. The U.N.’s refugee chief, meanwhile, put the number of Ukrainians driven from their homes since the Russian invasion eight months ago at ...