SAP to Cut 3,000 Jobs After Profit Plunges
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Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand
Tesla's announcement Monday that it's cutting jobs sent the shares down nearly 6%, continuing the year's sell-off.CNBC - Business -
Thyssenkrupp Steel to Cut Output, Jobs
Thyssenkrupp Steel plans to reduce its production capacity to between 9 million and 9.5 million metric tons a year, broadly in line with its shipments over the past three years and cut jobs, in response to challenging market conditions, with weak ...The Wall Street Journal - World -
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 -
Amazon Cuts Hundreds of Jobs in Cloud-Computing Business
Amazon Web Services said it planned to eliminate several hundred jobs in sales, marketing and global services, and would cut hundreds more from its physical stores technology team.The Wall Street Journal - Tech - Amazon -
Citigroup profits beat forecasts as bank sheds thousands of jobs
Fourth-largest US lender reports quarterly net income of $3.4bnFinancial Times - Business -
Give arrested photographer compensation - union
Dimitris Legakis was arrested after a police officer "took offence" to him taking pictures.BBC News - Top stories -
Thyssenkrupp Steel plans to cut jobs and scale back production capacity.
Thyssenkrupp Steel plans to cut jobs and scale back production capacity.The Wall Street Journal - World -
Take-Two Interactive to Cut 5% of Jobs, Slash Projects
The video game maker said the cost-cutting moves are expected to be finished by the end of the year.The Wall Street Journal - World -
Take-Two Interactive to Cut 5% of Jobs, Slash Projects
The video game maker said the cost-cutting moves are expected to be finished by the end of the year.The Wall Street Journal - Business -
Ruffer to axe jobs after poor investment performance
London-based asset manager will cut staff across the business, including its private client and risk teamsFinancial Times - Business -
Wells Fargo earnings top estimates even as lower interest income cuts into profits
Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest income.CNBC - Business -
Tesla reportedly to cut more than 10% of staff in face of profit concerns
Faced with a cooling of demand and investor concerns about profits, Tesla reportedly is conducting substantial job cuts.MarketWatch - Business -
‘Grand Theft Auto’ maker Take-Two to cut jobs, cancel games in cost-cutting plan
Videogame maker Take-Two Interactive Software Inc. said late Tuesday it will lay off about 5% of its workforce, cancel games and streamline its operations as it aims to save about $165 million a year.MarketWatch - Business -
Blow to New Zealand media as two main news outlets announce programme closures and job cuts
More than 350 jobs to go after Warner Bros. Discovery closes all its Newshub news operations and TVNZ cuts programs and bulletins. New Zealand’s news media has been dealt a major blow after two of its primary news outlets announced programme ...The Guardian - World - New Zealand -
Tesla to cut 14,000 jobs as Elon Musk bids to make it ‘lean, innovative and hungry’
Billionaire says ‘there is nothing I hate more’ than cutting staff as more than 10% of workforce to be affected. Business live – latest updatesTesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles.. The ...The Guardian - World - Elon Musk -
Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem
Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits.NBC News - Top stories - Tesla -
Google lays off more employees, will move some jobs overseas as part of continuing cost cuts
Google announced a new round of layoffs Wednesday, and said it will move some jobs overseas.MarketWatch - Business - Google -
Tesla to lay off 14% of its Buffalo workforce as part of large-scale job cuts
Tesla Inc. will lay off 285 workers at two plants in Buffalo, New York, or 14% of the total workforce of 2,032 workers, the EV maker said in an official notice late Wednesday.MarketWatch - Business - Tesla -
Companies that unlock new bitcoins are revamping their businesses to depend less on the cryptocurrency ahead of a supply contraction that will cut profits in half.
Companies that unlock new bitcoins are revamping their businesses to depend less on the cryptocurrency ahead of a supply contraction that will cut profits in half.The Wall Street Journal - World -
Top commodities traders dismiss IPO route after bumper profits
Executives at Vitol, Trafigura and Mercuria say banks and export credit agencies have never been so keen to lend to themFinancial Times - Business -
UnitedHealth swings to a loss but stock surges after adjusted profit beats views
Shares of UnitedHealth surged Tuesday after the health insurer swung to a large first-quarter loss but reported adjusted profit that beat expectations.MarketWatch - Business -
Travelers’ stock suffers biggest selloff in 4 years after profit miss
Travelers’ stock was hit hard Wednesday, after the property casualty insurer missed expectations for first-quarter profit, combined ratio, and net premiums written, while total revenue beat views.MarketWatch - Business -
Oil price falls despite Middle East tensions; Tesla ‘to cut 10% of staff’; Goldman Sachs profits jump – business live
Brent crude dips to $90 per barrel as markets monitor Israel-Iran, while 14,000 jobs could be cut at Tesla. Middle East crisis live: Israel calls for new sanctions on Iran at heated UN security council meetingTesla to cut 14,000 jobs as Elon Musk ...The Guardian - World -
We're trimming this materials stock after it battled back from an earnings plunge
The sale will drop the stock's weighting in our portfolio to 1.93% from 2.09%.CNBC - Business -
Iranian currency plunges to record low against dollar after strikes on Israel
The Iranian rial's drop came hours after Iran deployed a massive drone and missile offensive against Israel Saturday night.CNBC - Business - Iran -
A new start after 60: there was no time to waste – so I gave up my job and started stone carving
Ane Freed-Kernis used her pension to build a workshop where she could create the tactile, surprising sculptures of her dreams. In 2019, after retiring from her career as a social worker, Ane Freed-Kernis decided to build a home workshop and devote ...The Guardian - World -
Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion.CNBC - Business -
Adidas shares rise 8% after first-quarter profit hike, improved outlook
Shares of Adidas jumped on Wednesday after the company raised its full-year guidance and reported a first-quarter profit hike, according to preliminary figures.CNBC - Business -
Markets slash bets on rate cuts after US inflation rises to 3.5%
Figures for consumer prices and core inflation exceed expectationsFinancial Times - Business -
Total solar eclipse exits Canada after cutting across North America
Total solar eclipse exits Canada after cutting across North AmericaABC News - Tech -
Dame Judi Dench helps theatre after funding cut
The actress is making an appearance at a fundraising show for the theatre.BBC News - Top stories -
Lufthansa Cuts Earnings Guidance After Strikes Take Toll
The German carrier group said strikes by employees within the group and also by employees at partners hit earnings by around €350 million.The Wall Street Journal - Business -
Billy Joel special to air again after abrupt cut-off on CBS
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."CBS News - Entertainment -
Trump Media closes down more than 18% after filing plans to issue more DJT stock
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.CNBC - Business - Donald Trump -
Trump Media shares plunge after company files to issue additional DJT stock
Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock.NBC News - Top stories - Donald Trump -
SPDR Gold Rises as Prices Near $2,400 an Ounce
Gold futures added more than 1% as the precious metal settled just shy of $2400 an ounce.The Wall Street Journal - World -
Gold to ‘shine bright like a diamond,’ hit $3,000 within months, says Citigroup
Citigroup analysts predict gold will reach $3,000 within six to 18 months, with more buyers piling in amid Fed rate cut hopes and geopolitical tensions.MarketWatch - Business -
An investment club helped this woman retire at 60 — even after her employer cut her pension
“One thing I always wanted to have was financial freedom.”MarketWatch - Business -
Tiger Woods sets Masters record with 24th straight made cut at Augusta National after 72 in Round 2
A five-time green jacket winner, Woods is as consistent as they come at Augusta National Golf ClubCBS Sports - Sports - Golf -
Masters: Viktor Hovland withdraws from next week’s RBC Heritage after missing cut at Augusta National
Viktor Hovland had two doubles and a triple on Friday, and he missed the cut at the Masters for the first time in his careerYahoo Sports - Sports