Twilio Inc. (TWLO) announced its first major share-repurchase plan Wednesday, two days after revealing the second large round of layoffs at the software company in less than six months. In prepared remarks, Twilio Chief Executive Jeff Lawson said the company would purchase $500 million in stock in the next six months, and he planned to personally purchase $10 million in stock as soon as his next trading window opens. Read More...
MarketWatch
Here come the 5% CDs
If you’re looking for certificates of deposit, the interest rates on offer should be—here’s hoping—heading higher following the latest inflation numbers out Tuesday morning. You can already get 5% on a one-year CD if you shop around, and there should be more—and maybe better—on offer soon following the latest economic news, which has sent the money markets jumping around. January’s inflation data came in higher than expected, and the markets were surprised by the news, even though Federal Reserve Chairman Jay Powell had basically told them this was going to happen at his press conference a couple of weeks ago.
