Feb 8 (Reuters) - Following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
- Zoom , the videoconferencing giant that grew rapidly
during the pandemic, said on Tuesday that it was laying off 15
percent of its work force, or about 1,300 employees, becoming
the latest tech company to cut back amid looming concerns about
the economy.
- A former employee of the Coinbase cryptocurrency
exchange pleaded guilty on Tuesday to insider trading, the first
time a crypto industry insider has admitted to trying to profit
from confidential information.
- The Biden administration urged the Supreme Court on
Tuesday to dismiss a challenge to ending the pandemic-era
immigration measure known as Title 42, saying that the
government's announcement that the health emergency would expire
on May 11 would make the case moot.
- Jerome H. Powell, the chair of the Federal Reserve,
underscored that the central bank has more work to do when it
comes to slowing the economy and that officials remain
determined to wrestle rapid inflation under control, even if
that means pushing rates higher than expected.
(Compiled by Bengaluru newsroom)
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