Railroad earn♏ings showed signs of a slowing economy and Mark Zuckerberg said hiring wi🧸ll slow and more layoffs are possible at Facebook parent Meta Platforms. Here’s what investors need to know today.

1. Railroad Earnings 🤡Beat Estimates But Hintꦬ at Slowing Economy

Shares of railroad company CSX (CSX) are up nearly 3% and Union Pacific (UNP) shares are slightly higher after both reported earnings that beat estimates, though their results indicated some signs of a slowing economy.  CSX posted profits of $987 million or 48 cents a share, ahead of estimates of 42 cents per share. Revenues were $3.71 billion, also beating estimates of $3.6 billion.

2. 📖Zuckerberg Warns M༒eta Platform Staff of Slower Hiring, Possible Layoffs

Meta Platforms CEO 澳洲幸运5官方开奖结果体彩网:Mark Zuckerberg told employees at a town hall meeting that hiring will slow and he wouldn’t rule out future layoffs. Workers primarily in the company’s tech divisions were affected by the latest layoffs of 4,000.

3. Buzzfeed Shares Fall After Layoff Aꦑnnouncement

Buzzfeed (BZFD) shares fell nearly 20% to $0.75 per share after the company said it will lay off 15% of its staff and 澳洲幸运5官方开奖结果体彩网:shut down its news unit. CEO Jonah Peretti announced the news in an email to staff. The layoffs will affect the company’s business, content, administrative, and tech teams, impacting 180 people. Peretti blamed the problems on “a pandemic, a fading SPAC market that yielded less capital, a tech recession, a tough economy, a declining stock market, a decelerating digital advertising market, and ongoing audience and platform shifts.”

4. DOJ Weighs Blocking T-M𝔉obile Deal to Buy Mint Mobꦚile

T-Mobile’s $1.35 billion deal to buy Mint Mobile is reportedly facing scrutiny by the Department of Justice (DOJ). The DOJ is weighing an 澳洲幸运5官方开奖结果体彩网:antitrust lawsuit to block the deal over concerns it could raise prices for wireless customers.

5. Whole Foods Plans Corporate Job Cuts

Whole Foods plans to cut several hundred corporate jobs as it reorganizes its structure to simplify operations. The Amazon owned grocer will shrink from nine regions down to six.