Business

Canva is restructuring its operations in a move affecting 1,271 employees, or 22% of its workforce, as the design software company responds to slowing growth and changes in the technology industry. The overhaul includes layoffs, changes to employee responsibilities, relocation requests and a push for greater in-person collaboration. Canva did…

Democrats’ takeover of both chambers of Congress in the midterm elections drew mixed reactions from investors and business leaders Wednesday, with some anticipating greater economic stability and others warning of increased scrutiny of artificial intelligence and data center development. U.S. stock futures initially declined overnight as investors assessed the potential…

Companies in the private sector added 86,000 jobs in October, payroll processing firm ADP said in its latest report on Wednesday. The figure is above economists’ estimates of a gain of 69,000 jobs and up from the prior month’s revised 86,000 payrolls.”Employers of all sizes were hiring last month, and…

U.S. stock futures were edging up Wednesday morning, reversing sharp early losses as Democrats scored key victories in the midterm elections and the Fox News Decision Desk projected the party will take control of both chambers of Congress. S&P 500 futures were up 0.35%, while Nasdaq-100 futures rose 0.16%. Futures…

U.S. stock futures fell sharply as Democrats scored key victories in the midterm elections and the Fox News Decision Desk projected the party will take control of both chambers of Congress. S&P 500 futures fell 1.3%, while Nasdaq-100 futures dropped 2.2%. Futures tied to the Dow Jones Industrial Average slid…