Topline Former President Barack Obama is making another rare appearance to stump for a fellow Democrat in a razor-thin midterm contest, cutting an ad for Pennsylvania Lt. Gov. John Fetterman (D) that ...
Tag: Cuts
Gopuff Slashes 10% Of Its Workforce, Microsoft Reportedly Cuts Nearly 1,000 Employees—Here Are The Biggest U.S. Layoffs This Year
Delivery startup Gopuff started cutting 10% of its workforce on Wednesday while tech giant Microsoft reportedly laid off roughly 1,000 employees across multiple divisions, sources told Axios, as emplo...
Microsoft Reportedly Cuts Nearly 1,000 Employees—Here Are The Biggest U.S. Layoffs This Year
Tech giant Microsoft reportedly cut roughly 1,000 employees across multiple divisions, sources told Axios—the company’s third round of cuts this year as employers fear the economy could slide into rec...
British Pound Rebounds As UK Government U-Turns On Tax Cuts
Key Takeaways New British Chancellor Jeremy Hunt has wound back almost all of the wide ranging tax cuts that were announced by new Prime Minister Liz Truss on 23rd September The British Pound and UK b...
Instacart Cuts Its Valuation for a Third Time to $13 Billion
(Bloomberg) — Instacart Inc. is slashing its valuation to about $13 billion and steering clear of a highly anticipated public stock listing until market conditions improve, according to people f...
Biden Has ‘No Plans’ To Meet Saudi Crown Prince At G20 Summit After Oil Cuts
Topline President Joe Biden has “no plans” to meet with Saudi Arabian Crown Prince Mohammed bin Salman on the sidelines of the Group of Twenty Summit next month, National Security Advisor Jake Sulliva...
HelloFresh Reportedly Cuts 600 Employees—Here Are The Biggest U.S. Layoffs This Year
Home meal kit provider HelloFresh will lay off more than 600 employees, several outlets reported, citing California state records, making it the latest company to reassess its headcount as employers f...
Tether Cuts USDT Commercial Paper Reserves To Zero
The post Tether Cuts USDT Commercial Paper Reserves To Zero appeared first on Coinpedia Fintech News On October 13, Tether declared that it has reduced its holdings of commercial paper to zero and wil...
Beyond Meat Cuts 200 Employees—Here Are The Biggest U.S. Layoffs This Year
Plant-based meat producer Beyond Meat plans to lay off roughly 200 employees, the company announced Friday, making it the latest company to reassess its headcount as employers fear the economy could s...
Beyond Meat cuts 19% of workforce, including alleged nose-biting COO, stock plunges
Beyond Meat is letting go of an executive who allegedly bit someone’s nose outside of a football game last month as part of a 19% reduction in the plant-based meat company’s global workfor...
Tether Cuts $30 Billion Of Commercial Paper From Reserves
The world’s largest stablecoin, Tether, completed a significant milestone today, announcing that it had slashed its commercial paper holdings to zero. According to a blog post, the commercial paper ho...
Royal Mail Owner Cuts Forecasts, Announces Plans To Cut 10,000 Staff
Photo by Oli Scarff/Getty Images Getty Images International Distributions Services — or the stock formerly known as Royal Mail — slashed its earnings forecasts for the year on Friday. This sent shares...
Biden unveils plan to pay farmers, cities for Colorado River cuts
The Hoover Dam water intake towers at Lake Mead, the country’s largest man-made water reservoir, formed by the dam on the Colorado River in the Southwestern United States, has dropped 2 inches e...
Amid Plunging COVID-19 Test Sales T2 Biosystems Cuts Annual Guidance, Shares Fall
Motley Fool Why Uxin Stock Was Plunging Today Shares of Uxin Limited (NASDAQ: UXIN), a Chinese online used car marketplace, were tumbling today after the company announced a 1-for-10 reverse stock spl...
TSMC Cuts Capital Spending 10% in a Warning for Tech Sector
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble for the technology industry from the world’s most valuabl...
Warner Bros. Discovery slashes more staff, cuts departments
Warner Bros. Discovery (WBD) has laid off more employees after eliminating 14% of its HBO Max workforce earlier this summer. On Tuesday, the company’s television studio cut 26% of its headcount ...
Biden Pledges ‘Consequences’ For Saudi Arabia Over Oil Production Cuts
Topline President Joe Biden told CNN on Tuesday Saudi Arabia will face “consequences” for joining with Russia and other major energy producers to slash oil production, a move that has driven fears of ...
Finance Company Brex Cuts 136 Staff—Here Are The Major U.S. Layoffs This Year
San Francisco-based financial management company Brex laid off 11% of its staff, the company’s CEO announced Tuesday, making it the latest company to reassess its headcount as employers fear the econo...
Intel Plans Thousands of Job Cuts in Face of PC Slowdown
(Bloomberg) — Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people wit...
Cardano Founder Charles Hoskinson Cuts Ties With The XRP Community
Cardano founder Charles Hoskinson cuts ties with the XRP community due to continued criticism from the XRP army after his “conspiracy” comments during a recent online interview. Hoskinson said he has ...
IMF Cuts Economic Outlook And Warns Global Inflation Still Hasn’t Peaked
Topline The International Monetary Fund on Tuesday downgraded its forecast for the global economy next year and warned inflation will be worse than previously expected due largely to the ongoing disru...
Crypto.com Cuts Staff By Up To 40% – Oryen Network, Binance, And UniSwap Keep Hiring
2,000 employees of the advertising-heavy crypto exchange Crypto.com, which makes up about 40% of its workforce, have already been laid off since July of this year. Initially, the exchange announced on...
AMD Cuts Revenue Forecast Amid Worst Slump in PC Shipments in Years
Listen to article (1 minute) Advanced Micro Devices cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips. The chip make...
Labor Market ‘Cracks’ Beginning To Appear As Job Cuts Surge And Unemployment Claims Unexpectedly Rise
Topline Job cuts surged in September, and unemployment claims broke a streak of improvements last week in the latest signs that the red-hot labor market may finally be cooling as a result of the Feder...
OPEC’s oil cuts force the US to reconsider its foreign policy
OPEC+ announced it’ll slash output by 2 million barrels per day (bpd) on Wednesday (Oct. 5), the biggest cut since the pandemic started in 2020. The White House’s reaction was swift, calling the decis...
Saudi Arabia and Russia plan deep oil cuts in defiance of US
Saudi Arabia is seeking to raise oil prices at a crucial meeting in Vienna in a move set to anger the US and help Russia. Riyadh, Moscow and other producers are poised to announce deep cuts at a meeti...
Tether Increases Treasury Bill Holdings, Cuts Commercial Paper
According to the company’s latest portfolio update, Tether has further reduced its commercial paper holdings and increased its treasury bill holdings. The reduction in the company’s commercial debt i...
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
Bitcoin Cuts Link With The Stock Market Thanks To A Spike In The Number Of Long-Term Hodlers ⋆ ZyCrypto
Advertisement     Bitcoin price movement shows that it is moving away from price correlation with the stock market. The crypto giant’s trading volume has also increase...
10 energy stocks that are analysts’ favorites as OPEC makes oil-production cuts
The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines. And that means it’s time to take another look a...