2023 Layoffs: Spotify Slashes 6% Of Jobs In Latest Tech Onslaught

Iranian Starlink Black Market Prices Soar As War Risks Rise Iran's black market for Starlink terminals has rapidly repriced, with reported street quotes of $4,000 per terminal, up from $700 to $1,000 last summer, as war risks surge and renewed fears grow over stricter internet censorship and another blackout. Bloomberg spoke with Starlink terminal sellers and human rights groups that said satellite internet via Starlink terminals is one of the only ways to stay connected to the rest of the world, as the Iranian government has cut access or forced...

One Day Until Trump's Self‑Imposed 5-Day Deadline On Iran But Markets Appear Increasingly Numb By Molly Schwartz, Cross Asset Macro Strategist at Rabobank More persistent inflation Yesterday, Iran rejected the US-proposed 15-point plan, instead laying out its own conditions in a 5-point plan; (1) halt the killing of Iranian officials; (2) means to make sure no other war is wage against it; (3) reparations for the war; (4) an end to all hostilities; and (5) Iran’s “exercise of sovereignty over the Strait of Hormuz.” The probability that Washington would accept these terms in...

Hormuz Mine Threat Emerges; White House Denies Tanker Escort Update (1431ET): And there we have it: *LEAVITT: US NAVY HAS NOT ESCORTED TANKER THROUGH HORMUZ Shortly after the farce of Secretary Wright's deleted tweet on a US military-escorted tanker, CBS'  Jim LaPorta reports that U.S. intelligence assets have begun to see indications Iran is taking steps to deploy mines in Strait of Hormuz shipping lane. LaPorta added that Iran is reportedly using smaller crafts that can carry 2 to 3 mines each. While Iran’s mine stock isn’t publicly known, estimates over the years have...