Dow to cut 1,500 jobs as it struggles to restore profitability. Stock slides to four-year low

The company is also optimistic that it will see demand growth in certain markets.

Topics

JetBlue’s bonds find buyers despite stock slide

JetBlue’s stock plunged more than 25% after the air carrier reported its fourth-quarter results earlier this week, but its bonds are finding buyers.
MarketWatch - 3h
ECB decision: Interest rates cut to nearly 2-year low — and more easing likely

The European Central Bank on Thursday cut interest rates by a quarter of a percentage point, saying it expects inflation to fall back to its target later in the year and signaling that further ...
MarketWatch - 7h
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.
NBC News - 6d
S&P 500 closes at a new record, Dow jumps 400 points as Trump pushes for low rates, oil

The S&P 500 rallied to record highs on Thursday after President Donald Trump called for lower interest rates and cheaper oil prices.
NBC News - Jan. 23
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.
CNBC - Jan. 23
Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline

Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face of a 10-year-low in its stock price and four straight quarters of ...
MarketWatch - Jan. 14
Dow sees worst start to a year since 2016 as Fed rate-cut hopes fade for 2025

U.S. stocks are down so far in 2025 as market volatility climbs.
MarketWatch - Jan. 11
Surgeon general's warning sends alcohol stocks sliding

Spirit companies saw stock prices plummet Friday after the U.S. surgeon general recommended cancer warning labels, similar to those found on tobacco products, be added to alcohol. Boston Beer ...
The Hill - Jan. 4
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts

Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.
CNBC - Jan. 3

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These ETFs can help investors protect themselves from selloffs like the DeepSeek panic — but here’s the catch

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‘My mother-in-law has done some shady stuff’: She wants to sell air rights to her home and cheated her grandchildren out of their inheritance

“She also was supposed to give each grandchild $5,000 when her father died and another $5,000 when her mom passed. That didn’t happen.”
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The latest step in Walgreens’ turnaround is a blow to investors

Walgreens has struggled as foot traffic at its stores dwindle and pharmacy business faces slimmer reimbursement rates on prescription drugs.
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Visa gives rosy guidance as spending growth improves

Visa saw 9% growth in spending volume during the December quarter versus 8% in the September quarter.
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‘I thought about filing for conservatorship’: I bought a home with my elderly parents. They reneged on their promise to sell their house and repay me. What now?

“The agreement was that, as soon as they sold their home, they would refinance the mortgage.”
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More in Business

67 believed dead after American Airlines plane collides with Army helicopter

An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.
CNBC - 7m
Jim Cramer explains how better management can change a stock's fate

CNBC's Jim Cramer highlighted CEOs from Starbucks, Chili's parent Brinker International and General Electric.
CNBC - 16m
These ETFs can help investors protect themselves from selloffs like the DeepSeek panic — but here’s the catch

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Apple shares rise 3% as boost in services revenue overshadows iPhone miss

Although Apple's overall sales rose during the quarter, the company's closely watched iPhone sales actually declined slightly on a year-over-year basis.
CNBC - 53m
RFK Jr. Says He Won’t Keep Financial Stake in HPV Vaccine Lawsuits

Senators had objected to the financial conflict posed by Robert F. Kennedy Jr.’s decision to retain a financial stake in lawsuits against a major drug company. It remains unclear whether any ...
The New York Times - 1h