• Vice Media is cutting its workforce by 15% and its sites by half

    9 days ago - By Fast Company

    In 2017 Vice lost more than $100 million, and this year it is expected to lose $50 million.
    That's according to a report from the Wall Street Journal. The publication says Vice Media will reduce its workforce by as much as 15% through attrition. It is also expected to reduce and combine almost a dozen of its websites, which include sites like Munchies, Noisey, and Broadly, into just three to five verticals.
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  • Wall Street Seems To Believe That Endless Gridlock And Political Turmoil Will Be Good For America

    Wall Street Seems To Believe That Endless Gridlock And Political Turmoil Will Be Good For America

    9 days ago - By The Economic Collapse

    It is difficult not to admire the relentless optimism on Wall Street. A divided Congress is going to guarantee two years of gridlock and political turmoil in Washington , but many in the financial community are choosing to interpret the election results as a positive sign. They remember the “gridlock” during the Obama years, and they are hopeful that the next couple of years will be at least somewhat similar. The Dow Jones Industrial Average shot up 545 points on Wednesday, and that was the largest post-midterm rally that we have seen in 36 years. Stock prices normally go up the day after...
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