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May 18, 2022

First Line News Articles for Wednesday, May 18 2022

Business

Netflix cuts 150 workers in new round of layoffs

Netflix laid off 150 employees Tuesday as the streaming giant faces subscriber losses, slower revenue growth and a shareholder lawsuit.

Homebuilder sentiment falls to 2-year low on declining demand and rising costs

Builder sentiment in the market for single-family homes fell sharply in May, as mortgage rates shot higher and building material costs showed no relief.

Carvana banned from doing business in Illinois over registration, title issues

The online used car retailer Carvana has been banned from further doing business in Illinois until the company can resolve issues with getting buyers vehicle registrations and titles.

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