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The Latest Breaking News from Jefferies

The 4-day workweek will finally arrive thanks to A.I., Jefferies says—You’ll just need a ‘human day’ to cope with digital overload

The bank thinks A.I. could prompt a revolution in the workplace—and may spell the end of the remote work era.

Fortune

The pause on student loan payments is ending. Can borrowers find room in their budgets?

After a payment pause that has lasted more than three years, more than 40 million student loan borrowers will be on the hook for payments starting in late August

The Independent UK

'This not college. You are an adult and we will treat you like one': Wall Street CEO shares 15 pieces of advice he wishes he got as a summer intern

“Welcome to the real world. This is not college.”

Fortune

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‘Dear Jay’: Jefferies strategist writes an apology letter template for all the ‘haters’ who doubt the Fed chair and his inflation fight

Jefferies’s David Zervos says Jerome Powell’s critics are nothing more than “Armageddonistas” who are “in desperate need of a fresh beatdown.”

Fortune

China bans US chipmaker Micron from vital infrastructure projects

Tensions over technology continue, after US ban on using TikTok on government phones

The Guardian - UK

Micron shares drop after China bars its chips; UK house asking prices jump – as it happened

Micron products will be banned from key infrastructure projects in China due to ‘serious network security risks’

The Guardian - UK

Chegg’s shares tumbled nearly 50% after the edtech company said its customers are using ChatGPT instead of paying for its study tools

A.I. chatbots are killing Chegg’s business as the edtech company tries to add A.I. to its services to stay competitive.

Fortune

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The U.S. economy is facing a $18 billion monthly 'student loan cliff'

When student loan payments resume, cash-strapped households will pull back on consumer spending.

Fortune

How pandemic favorite Etsy plans to retain growth as consumers tighten wallets

Etsy is seeing business slowdown after a pandemic surge.

Fortune

Forget inflation, Jefferies says to watch out for a 'disinflation era' like the early 1980s

When former Fed Chair Paul Volcker hiked interest rates to quash inflation in the early 80s, a recession and disinflation followed. Jefferies sees a similar fate for the economy this year.

Fortune

Best Stocks to Buy Now

When compiling our list of the best stocks to buy now, we look for high-quality companies that are poised to benefit over the next 12 months.

Kiplinger

Swiggy's losses jump 2X to Rs 3,629 crore in FY22, layoffs coming

NEW DELHI: Online food delivery platform Swiggy's losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year.

The Times of India

Tech Insider: Xiaomi President to Step Down, TuSimple Plans to Cut Staff by 25%

Hackers threaten to blackmail Nio, EV-maker launches urban-navigation system in Shanghai

Caixin Global

Xiaomi to Slash 10% of Workforce Amid Declining Revenue

Chinese smartphone giant idles 3,500 as inflation and slowing economies depress global and domestic demand, leading to red ink

Caixin Global

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Reuters

Peru protests snarl supply routes to key mines, industry body says

A wave of political protests in Peru related to the ouster of former leader Pedro Castillo is affecting supply routes to key copper mines in the Andean nation, the world's no. 2 producer of the red metal, raising a potential risk to production.

Fortune

All eyes are on Tuesday's crucial inflation report. Here's how the Fed, the economy, and markets may respond

Investment banks see inflation falling in November, but that may not be enough to protect the U.S. economy from a recession.

The Times of India

Swiggy may layoff 250 employees in December, more to follow: Report

NEW DELHI: Food and grocery delivery firm Swiggy may fire up to 250 employees in December, the Economic Times reported quoting sources.

Fortune

‘If you’re in tech, buckle up—it’s gonna be a tough ride’: The analyst who says Big Tech's layoffs show 'a new reality' sees 'more cuts' ahead

“The new reality is that demand is fading,” Jefferies analyst Brent Thill told Fortune. If we're headed for a recession, “it’s only inevitable that we’re going to have more cuts.”

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Bangkok Post

Startups Look for Ways to Bring Down the Cost of Green Hydrogen

Companies are pouring a lot of money into the idea that hydrogen can help decarbonize the fossil-fuel-based economy.

Texas Observer

Right-Wing Protectionism is Costing Texas

Laws banning the state from doing business with banks that are dubbed anti-fossil fuel or anti-gun could cost 100s of millions in interest.

Benzinga

Apple Lures China iPhone Customers With Deep Discounts But Sales Stutter Amid Domestic Weakness: Report

Apple Inc.’s (NASDAQ: AAPL) iPhone 14 sales in China are taking a hit as consumers tighten their purse strings amid e

The Times of India

UK political crisis: Pound extends gain as focus turns to future UK leadership

LONDON: The pound extended gains after Liz Truss announced she was resigning as UK prime minister, capping weeks of speculation on the future of her premiership since her initial fiscal policy drove markets into turmoil.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For October 12, 2022

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For October 10, 2022

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 26, 2022

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