Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

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  Adidas Shares Jump After Preliminary Results Beat Expectations

  The sporting-goods company surpassed its own profit expectations amid fierce competition in the sector and as its biggest rival, Nike, continues to pursue a brand revamp strategy.
  
  The Wall Street Journal - 1d
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  Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter

  The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.
  
  The Wall Street Journal - 2d
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  UK employers cut jobs after Budget, official data shows

  Drop in payrolled workforce comes even as wage growth accelerates
  
  Financial Times - 2d
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  Starbucks Expecting Job Cuts by March

  Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.
  
  The Wall Street Journal - 5d

• Target says its holiday sales were better than expected — but its profits weren't

  The big-box retailer's report indicates that deals and promotional events motivated shoppers.
  
  CNBC - Jan. 16
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  Lloyds to cut 500 jobs and close two offices

  UK bank to review more than 1,500 jobs across multiple departments
  
  Financial Times - Jan. 15

• Stock market plunges after better-than-expected December jobs report

  The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...
  
  CBS News - Jan. 10

• Nordstrom raises sales outlook after holiday season was better than feared

  CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."
  
  CNBC - Jan. 11

• 10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report

  U.S. Treasury yields jumped after December's jobs report was stronger than expected.
  
  CNBC - Jan. 10

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  The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.
  
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• Airlines flex pricing power, signaling higher fares in 2025

  Airlines say strong demand and limited capacity is keeping fares afloat.
  
  CNBC - 54m

• Google restores Joe Biden to ‘U.S. presidents’ search results, blames ‘data error’ for omission

  Users on Wednesday night noticed Google search results omitted President Joe Biden from the list of U.S. presidents.
  
  CNBC - 5m

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  Trump said the plants can use whatever fuel they want, including coal as a backup.
  
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  Users on Wednesday night noticed Google search results omitted President Joe Biden from the list of U.S. presidents.
  
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• 

  Judge halts Trump’s effort to end US citizenship at birth

  Ruling in Washington state found the policy ‘blatantly unconstitutional’ in a hearing on Thursday
  
  Financial Times - 22m

• Shein exec says tariffs shouldn't impact its cheap clothes — as long as they're applied 'equally'

  When asked if Shein will still be able to provide its ultra-low prices if tariffs take effect, Tang didn't address whether the company would raise prices.
  
  CNBC - 39m