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Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
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Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs
The fitness-equipment maker has warned of cash-flow issues and continued losses amid a decline in paying subscribers and a recall.The Wall Street Journal - World -
Peloton CEO Dismounts as Company Cuts 400 Jobs
Barry McCarthy ends two-year tenure as the fitness company keeps pedaling to a post-pandemic turnaround.Inc. - Business -
Treasury Yields Decline Amid U.S. Jobs Resilience
Treasury yields fell as markets coalesced around the idea that the Fed might cut interest rates only once or twice this year, depending on the data.The Wall Street Journal - World -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - World -
Narcan-Maker Emergent BioSolutions to Cut 300 Jobs, Close Facilities
Emergent BioSolutions is closing several manufacturing facilities and cutting hundreds of jobs as part of a restructuring as the company narrows its focus on products, including Narcan nasal spray.The Wall Street Journal - Business -
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its businessABC News - Top stories -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.CNBC - Business - Tesla -
UK universities warn of more course closures and job cuts without state help
Higher education sector in financial crisis due to tuition fee freeze and drop in overseas student numbersFinancial Times - World - United Kingdom -
Amazon cost cuts drive operating margin into double digits for first time
Amazon's operating margin jumped past 10%, topping a prior high of 8.2% in 2021.CNBC - Business
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‘Is this 1980 or 2024?’: The housing market has déjà vu — but don’t expect a crash
High mortgage rates are a ride that many U.S. homeowners have been on before. Ditto soaring home prices.MarketWatch - Business -
Oil prices struggle for direction on rise in U.S. supplies, Middle East cease-fire talks
Oil futures saw mixed trading Thursday, with U.S. and global benchmark prices struggling for direction but on track to post notable prices losses for the week.MarketWatch - Business -
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
Companies in the S&P 500 increasing sales by double digits while improving profit margins also include Netflix, two home builders and American Express.MarketWatch - Business -
Animal shelters ‘can’t keep up with cat adoptions’ as today’s economy tips the scales on cats vs. dogs
Four years after “pandemic pets” offered lockdown companionship and drained shelters of cats and dogs, data suggest that more economical cats are gaining on dogs.MarketWatch - Business -
ConocoPhillips’s production narrowly beats analyst estimate, but profit falls slightly short
Shares ticked up premarket as the company says it plans to return $9 billion to shareholders through dividends and stock buybacks in 2024.MarketWatch - Business