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BuzzFeed to close news division

The Associated Press Pulitzer Prize winning digital media company BuzzFeed will shut down its news division and cut another 15% of its staff across the company, adding to layoffs made earlier this year. BuzzFeed has approximately 1,200 total employees, according to a recent regulatory filing. In a memo sent to staff, co-founder and CEO Jonah Peretti said that in addition to the news division, layoffs would take place in its business, content, tech and administrative teams. BuzzFeed is also considering making job cuts in international markets. Peretti said in a memo to staff that ...

US sending $325 million in more military aid to Ukraine

STOCKHOLM (AP) — The U.S. is sending Ukraine about $325 million in additional military aid, including an enormous amount of artillery rounds and ammunition as the launch of the spring offensive against Russian forces approaches, the Pentagon said Wednesday. The U.S. has declined to say exactly how much munitions will be sent to Ukraine, but the latest package resembles other recent deliveries, which included rockets for the High Mobility Artillery Rocket Systems, or HIMARS, and howitzers, as well as an array of other missiles and anti-tank ammunition. It will all be pulled from ...

Program gives businesses a lift

SAN FRANCISCO (AP) — In a red hooded sweatshirt, hard hat and a pair of well-loved work boots, LaSonia Mansfield heads out alongside her daughter and forewoman, Deja Stocks, to survey the expansive construction site she is responsible for keeping safe and clean. For the next hour, they methodically check various spots as workers go about their days. There’s action everywhere around them, including a crane in the distance bringing down loads of heavy materials. When Mansfield lost her mother more than 10 years ago, she realized it was time to make a choice that would build her ...

United Airlines says bank failures dinged corporate travel

The Associated Press After Silicon Valley Bank failed last month and raised fears about a wider banking crisis, bookings for last-minute business trips on United Airlines quickly dropped and remained depressed for about two weeks, underscoring how economic turmoil could choke off a strong run for the travel industry. United CEO Scott Kirby said Wednesday that business-travel bookings have since recovered, but the lesson was not lost. “It seems clear that the macro risks are higher today than they were even a few months ago,” Kirby said. He said United still expects a mild ...

Netflix to bring down the curtain on its DVD-by-mail service

SAN FRANCISCO (AP) — Netflix is poised to shut down the DVD-by-mail rental service that set the stage for its trailblazing video streaming service, ending an era that began a quarter century ago when delivering discs through the mail was considered a revolutionary concept. The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix’s emblem, plans to mail its final discs on Sept. 29. Netflix ended March with 232.5 million worldwide subscribers to its video streaming service, but it stopped disclosing how many people still ...

Fool-proof investing mindset to weather the market storm

By Josh Dudick Wealth of Geeks The latest March CPI report shows inflation increasing by 0.1%, up 5% from a year ago. In response, the Dow Jones Industrial index spiked 300 points as the Fed weighs its next policy move. Investors are struggling to make sense of the latest data points on the economy. Most see raising the rate as a way to tame high inflation. However, higher rates mean a possible recession with jobs being lost, less money in people’s pockets, and an opportunity to take advantage of lower prices in the stock market. According to a CNBC report, energy and food ...