Amazon, Apple, Meta, Alphabet earnings, Fed decision, Spirit-Frontier merger vote top week ahead
FOX Business takes a look at the upcoming events, including the Federal Reserve's next decision on interest rates, that are likely to move financial markets in the coming days.
Snap shares plunge following second-quarter earnings miss
Social media giant Snap, developer of Snapchat, posted a second-quarter net loss of $422 million, or an adjusted loss of 2 cents per share, on revenue of over $1 billion.
These companies have paused hiring or laid off employees
Here is a FOX Business roundup of the companies that have either laid employees off or halted or slowed hiring.
7-Eleven slashes 880 US jobs in restructuring
The convenience store chain's cuts are related to an ongoing "integration process" of its $21 billion acquisition of Speedway gas stations that occurred in 2020.
Musk reacts to Twitter blame for second-quarter revenue miss
The social media giant posted total revenue of $1.18 billion in the second quarter, missing Wall Street estimates of $1.32 billion.
Twitter misses on earnings, cites Elon Musk acquisition 'uncertainty' as quarterly revenue headwind
In response to the news that Musk's deal was being partially blamed, the billionaire tweeted "I'm rubber, they're glue."
Facebook rolling out new Feeds tab
The Feeds tab, which allows users to prioritize posts from friends, groups and Pages, will launch globally over the next week. CEO Mark Zuckerberg announced the news Thursday.
Amazon, Rivian start rolling out electric delivery vans
By the end of 2022, Amazon and Rivian's electric delivery vans will hit the road in more than 100 cities.
USPS to increase size of electric vehicle fleet
USPS will expand its electrified fleet of next generation delivery vehicles after facing pushback from the Biden administration, EPA and environmentalist groups.