Mission Everywhere

Mark Gurman / Bloomberg : Sources: Apple is working on emotion tracking tools, coming to the Health app this year, and an AI-powered health coaching subscription service codenamed Quartz   —  Apple Inc. is working on an artificial intelligence-powered health coaching service and new technology for tracking emotions … from Techmeme https://ift.tt/dNMJZSG

Lucas Jackson/Reuters First Republic is teetering, with the stock down 93% in 2023 and the bank exploring strategic options. The bank won wealthy clients with the offer of jumbo mortgage loans that required no principal payments for a decade. The bank is now reversing course as it fights for survival.  First Republic is racing to strengthen itself.  The bank said Monday that it will cut as much as 25% of staff, and is pursuing strategic options after revealing that deposits plunged by more than $100 billion in the first three months of the year. That sent the stock as much as 48% lower on the day, with First Republic now down 93% for the year to date. Gillian Tan and Matthew Monks at Bloomberg subsequently reported that the bank is exploring an asset sale in the range of $50 billion to $100 billion. First Republic first moved into focus back in the March banking crisis that claimed Silicon Valley Bank , Signature Bank, and Silvergate. Like SVB and Signature, a...

Despite the market's resiliency this year, a BlackRock strategist says to be cautious of equities. Spencer Platt/Getty Images A BlackRock strategist said the US stock market hasn't fully priced in central bank tightening yet. BlackRock's Ann-Katrin Petersen has a "more cautious stance on US equities for the time being." The Fed's rate hikes have caused serious "damage" to the US economy, she told Bloomberg TV. Investors should be cautious of US stocks because the market hasn't fully priced in the Federal Reserve's interest rate hikes yet, according to a top BlackRock strategist. Ann-Katrin Petersen, a senior investment strategist for the the asset management firm, is keeping a "more cautious stance on US equities for the time being," she told Bloomberg TV Tuesday. Results from first-quarter earnings reports, which kicked off earlier this month, won't reflect the Fed's tightening either.  "The earnings outlo...

Gap is among the latest company to announce major layoffs. Chris J Ratcliffe/Getty Images Lyft, 3M, and Gap employees are the latest to be hit by a wave of layoffs. Over the past few months, layoffs have expanded outside of tech, media, and finance as Dow and Whole Foods announced cuts. See the full list of layoffs so far in 2023. A wave of layoffs that hit dozens of US companies toward the end of 2022 shows no sign of slowing down into 2023.  Gap and 3M are the latest companies to announce cuts, with the former will be trimming hundreds of jobs, per The Wall Street Journal , and the latter is eliminating 6,000 positions, the Journal reported. The news comes after Lyft told employees last Friday it would eliminate 1,200 roles, or about 30% of its workforce, The Wall Street Journal reported . The cuts will apply to corporate staffers, as Lyft does not consider drivers to be official employees of the company.  Lyft joins a large number of major corporations that h...