Ibm Tops Revenue Estimates Says It Will Cut 3900 Jobs
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Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy
Walgreens posted a steep net loss for the quarter as it recorded a hefty goodwill impairment charge related to its primary-care provider VillageMD.CNBC - Business -
PetroChina Posts Record Profit, but Revenue Misses Estimates
Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices.The Wall Street Journal - World -
PetroChina Posts Record Profit, but Revenue Misses Estimates
Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices.The Wall Street Journal - Business -
Progress Software Revenue Beats Estimates, Outlook Falls Short
The global software company also confirmed it made an offer to acquire MariaDB for 60 cents a share, joining K1 Investment Management in those looking to scoop up the database server.The Wall Street Journal - World -
Progress Software Revenue Beats Estimates, Outlook Falls Short
The global software company made an offer for all issued and to be issued share capital of MariaDB at 60 cents a share.The Wall Street Journal - Business -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Ericsson will cut 1,200 jobs in Sweden
Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment.CNBC - Business -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Nio’s stock touches 52-week low after Chinese EV maker cuts sales estimates
U.S.-listed shares of Nio Inc. on Wednesday hovered around a 52-week low after the Chinese electric-vehicle maker cut its current-quarter sales estimates.MarketWatch - Business -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - World - California -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - World -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - Business -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - Business - California -
Vodafone Germany cutting 2,000 jobs as part of savings programme
Yahoo News - World -
They Chose to Take a Pay Cut---and Say They're Happier
Switching to a job with a lower salary often means trimming your expenses, but it can come with a raise in free time and work-life balance.The Wall Street Journal - World -
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.The Wall Street Journal - World -
Citi’s Jane Fraser tells employees to ‘believe’ while suggesting more job cuts
Fraser said that in the coming weeks, “this final phase of changes will affect the largest number of colleagues at any point during the reorganization.”MarketWatch - Business -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Raiders' Antonio Pierce says Aidan O'Connell 'earned the right' to compete for 2024 starting QB job
'Whatever we do, it has to go through Aidan'CBS Sports - Sports - NFL -
Aluminum company says preferred site for new smelter is a region of Kentucky hit hard by job losses
Gov. Andy Beshear says an aluminum company has singled out northeastern Kentucky as its preferred site for a new aluminum smelterABC News - Top stories -
Steelers' Mike Tomlin says Russell Wilson has 'pole position' for starting QB job
Russell Wilson’s resume and experience give him the edge over Justin FieldsABC News - Sports - NFL -
AI ‘apocalypse’ could take away almost 8m jobs in UK, says report
Women, younger workers and lower paid are at most risk from artificial intelligence, says IPPR thinktank. Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger ...The Guardian - World - Artificial Intelligence -
Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research
Wage increases for in-person jobs coincide with more companies cracking down on enforcing their return-to-office mandates.CNBC - Business -
UK stocks are not all that cheap
A bargain in the aggregate, not the particularFinancial Times - Business - United Kingdom -
Boeing chief’s exit is not enough to lift aerospace group’s shares
It could take years for the company to find its way back to its engineering rootsFinancial Times - Business -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
Amid book bans, DEI cuts and 'Don't Say Gay' laws, 7 states will mandate LGBTQ-inclusive curricula
Washington will now mandate that the state’s public schools teach LGBTQ history, as red and blue states continue to diverge on whether schools should expose kids to gay and trans identities.NBC News - Politics -
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objections
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objectionsABC News - Entertainment -
NBC has cut ties with former RNC head Ronna McDaniel after employee objections, some on the air
NBC News will cut ties with former Republican National Committee chief Ronna McDaniel, hired last week as an on-air political contributorABC News - Entertainment -
Newest ECB board member says it can cut rates ‘swiftly’ despite rising wages
Piero Cipollone’s comments indicate he may argue for loosening monetary policy at bank’s April meetingFinancial Times - World -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
Maryland governor vows to deploy all resources as search continues for six missing people after Baltimore bridge collapse – live
Wes Moore says rescuers have deployed air, land, and sea methods to help search for survivors. Full report – at least six missing as Biden laments ‘terrible accident’Have you been affected by the Baltimore bridge collapse?Pete Buttigieg, the ...The Guardian - World -
Google to IBM: How big tech giants are embracing Nvidia’s new hardware and software services
Nvidia shared how it is evolving its work with several industry giants by taking its newly announced AI computing infrastructure, software and services to their tech stack.VentureBeat - Tech - Google -
Biden Targets Private Jets in Hunt for Tax Revenue
The White House’s new focus on corporate aviation is drawing backlash from an industry that says it supports manufacturing.The New York Times - Business - Joe Biden -
Zach Wilson landing spots: Logical fits for ex-starting QB if he's traded; Jets owner says he won't be cut
The ill-fitted marriage appears to be coming to an endCBS Sports - Sports - NFL -
Inflation here to stay? U.S. could face unstable inflation in next decade, top investment pro says
The Federal Reserve might be able to wrestle inflation down to its 2% annual goal, but it’s going to have a hard time keeping it there.MarketWatch - Business - Inflation -
Russia's top state investigative agency says the death toll in the Moscow concert hall attack has risen to 133
Russia's top state investigative agency says the death toll in the Moscow concert hall attack has risen to 133ABC News - World - Russia -
Sean Payton says it's 'realistic' for Broncos to trade up in NFL Draft; What would it take to get into top 4?
Payton also gave an idea of where they might try to land if they do move upCBS Sports - Sports - NFL -
Robert Kraft says Patriots willing to match Calvin Ridley's top offer, but WR's wife wanted to stay in South
Kraft added that the Patriots' quarterback situation may have also contributed to the decisionCBS Sports - Sports