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Dropbox to Slash 11% of Workforce
The software company has been shifting to remote work, which "means we require fewer resources to support our in-office environment.”
Affirm Shares Surge in Debut After $1.2B IPO
The flotation of the online lender extends "a frenzied run of tech IPOs dating back to the second half of last year."
Intel CEO Bob Swan to Depart
The former CFO will be replaced by Pat Gelsinger.
Biden to Name Gary Gensler as SEC Chairman
The appointment of the former CFTC chief "is expected to put an end to the four years of rule-easing" that Wall Street has enjoyed under Jay Clayton.
U.S. Budget Deficit Climbs to $572B in Q1
The increase in the deficit reflected in part spending on coronavirus relief programs including enhanced unemployment benefits.
Oil Prices Rise as Suppliers Hold Back
U.S. crude oil prices rose above $50 per barrel for the first time since February.
CFOs of Middle Market Firms See Recovery in 2021
"For some companies, growth may mean a return to pre-pandemic financial performance, but most believe the deepest hardship is over."
PPP Reopens With $284B for Small Business Loans
The revamped COVID-19 relief program also allows some companies to apply for a second draw of up to $2 million.
Staples Offers to Buy Office Depot
Previous merger offers were blocked by regulators in 2016 and 1997.
Deutsche Bank Fined $132M Over Bribery Schemes
U.S. authorities say the scandal-plagued bank made improper payments to politically-connected intermediaries to secure business overseas.
U.S. Loses 140,000 Jobs Amid New Lockdowns
The December jobs report shows "the economy’s not just tapping on the brakes, but actually has been thrown into reverse."
Acacia Breaks Merger With Cisco
Cisco was seeking a court order to close the deal following the announcement.
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