Latest in Oil major BP to cut thousands of jobs in cost saving drive
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Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - 1h -
The Cost of Surviving a Wildfire
Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.The New York Times - 2h -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 6h -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - 6h -
Medicare's new $2,000 cap on out-of-pocket drug costs could save patients thousands, AARP says
The AARP report suggests the spending cap could be huge for Medicare enrollees who take costly drugs for cancer, rheumatoid arthritis, and other conditions.CNBC - 7h -
Treasury Says Pandemic Spending Saved Jobs
Treasury Secretary Janet Yellen said the Biden administration’s stimulus checks reduced major downside risks.Inc. - 20h -
BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn
Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy. BP is to cut thousands of jobs from its global workforce, amounting to 5% of its ...The Guardian - 6h -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - 7h -
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.MarketWatch - 7h -
TSMC cuts profitability target as cost of diversifying supply chains bites
World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demandFinancial Times - 9h -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 1d -
Two bad games might cost the Vikings' Sam Darnold millions — and his job
Vikings QB Sam Darnold was on his way to a big payday this offseason. But two bad games may have cost him his job — and millions.NBC News - 1d -
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.The New York Times - 1d -
‘I reaped financial rewards’: I’m 51. My wife is 60. I have $4 million in savings. Should I give up my $300K advisory job to spend time with my wife?
“I worked in finance, top-tier private equity, for several years and reaped financial rewards.”MarketWatch - 2d -
Gazprom considers record job cuts as Ukraine war ravages finances
Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on lineFinancial Times - 3d -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - 3d -
Tens of thousands displaced from wildfires
Thousands of people in California are rushing to find a place to sleep after mass evacuations and homes were destroyed. NBC News’ Morgan Chesky reports.NBC News - 4d -
Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs
Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.CNBC - 5d -
Surprising December jobs growth is denting chances of a first-half Fed rate cut
Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...MarketWatch - 5d -
High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups
Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.CNBC - 6d -
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.CBS News - 6d -
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.CNBC - 6d -
The Costs of the Los Angeles Fires
Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.The New York Times - 6d -
Microsoft confirms performance-based job cuts across departments
Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.NBC News - 6d -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9 -
The forces driving Turkey’s resurgence as a superpower
Peter Frankopan on a book that argues that Sunni Islam has reversed the declining influence of religion on Turkish societyFinancial Times - Jan. 9 -
Trump will struggle to drive down oil prices
Energy production in the US will rise but more of the output will be gassyFinancial Times - Jan. 9 -
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.MarketWatch - Jan. 8 -
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premisesFinancial Times - Jan. 8 -
Tips for cutting down winter heating costs and electricity bills
From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...NBC News - Jan. 8 -
Thousands without water in Republic of Ireland
Irish national weather forecaster Met Éireann has issued a fresh orange warning in the Republic.BBC News - Jan. 7 -
Was this the game that saved Ferguson's job at Man Utd?
Players and journalists look back at the 1990 FA Cup third-round tie between Manchester United and Nottingham Forest.BBC News - Jan. 7 -
Driving into Manhattan? That’ll Cost You as Congestion Begins
Congestion pricing is intended to reduce traffic gridlock and fix New York’s public transit infrastructure.Inc. - Jan. 5 -
UK businesses plan price increases as Budget drives up costs
Tax and wage rises have caused confidence to ‘slump’, warns British Chambers of CommerceFinancial Times - Jan. 5 -
China has cost the U.S. millions of jobs. Trump will change that — not necessarily for the better.
Trump needs to make friends in Asia or his China tariffs will hurt Americans.MarketWatch - Jan. 4 -
‘Ironic’: climate-driven sea level rise will overwhelm major oil ports, study shows
Ports including in Saudi Arabia and the US projected to be seriously damaged by a metre of sea level rise. Rising sea levels driven by the climate crisis will overwhelm many of the world’s biggest ...The Guardian - Jan. 4 -
New Senate Majority Leader Thune: Speaker Johnson has 'really tough job' with slim majority
New Senate Majority Leader John Thune (R-S.D.) tells Kristen Welker he is confident he and Speaker Mike Johnson (R-La.) will have a “strong working relationship” and hopes the GOP-controlled ...NBC News - Jan. 3 -
Tens of thousands of people in Istanbul protest Gaza war
Tens of thousands of people have gathered on Istanbul’s Galata Bridge on New Year’s Day to express solidarity with Palestinians in GazaABC News - Jan. 1