Markets are losing hope that the Federal Reserve will lower rates anytime soon and are bracing…
Tag: cuts
Real estate tech firm exits key hub, cuts 100s of jobs
Opendoor built its business around the simple idea of making home sales faster, easier, and less…
73-year-old beef producer shuts 2 plants, cuts jobs
JBS is one of the biggest names behind the meat sold in grocery stores, restaurants, and…
Kohl's CEO triggers major price cuts ahead of summer shopping season
In 2015, Amazon held the first-ever Prime Day, a 24-hour savings bonanza that marked the online…
Breakfast giant cuts more workers after plant shutdown
Breakfast cereal was once one of the easiest foods to sell in America. It was quick,…
Uber cuts jobs while chasing major new markets
At this point, any layoff news is not a surprise. And while the numbers often appear…
FlySafair cuts surcharge on ticket pricing on improved jet fuel costs
South Africa’s largest airline, FlySafair, has announced a further reduction to its dynamic fuel surcharge, with…
Breakfast giant shuts plant, cuts 100s of workers
Breakfast cereal was once one of the easiest meals to sell in America. It was quick,…
Rate cuts and two-pot relief fail to stop SA’s debt spiral
Access to cash from the newly implemented two-pot retirement system and successive interest rate cuts provided…
Jensen Huang says parents shouldn’t worry about what their kids study as China cuts non-AI degrees
Nvidia CEO Jensen Huang may have studied engineering, but he says it won’t matter what your…
BHP cuts green push across iron ore segment, media report says
BHP Group is pulling back on key decarbonisation projects in its Western Australian iron ore operations,…
245-year-old pharma giant cuts 4,500 jobs amid legal troubles
Takeda Pharmaceuticals is one of the world’s major pharmaceutical companies, founded in 1781. It began by…
Eskom warns of power cuts to ‘defaulting’ City of Johannesburg
The City Johannesburg’s (CoJ) worsening financial position is further in the spotlight, with Eskom warning on…
Hongkong Land reinvents itself as CEO Michael Smith cuts Hong Kong reliance
In the mid-1990s, when Percy Weatherall was CEO of Hongkong Land and Michael Smith was a…
BofA drops blunt warning about Fed rate cuts
BofA Global Research is the latest brokerage to revise its ?Federal Reserve rate-cut forecast to much…
Verizon CEO cuts to the chase on new layoffs and AI future
The leaner era of Verizon Communications has entered a new phase of targeted reductions. On May…
Trump’s budget cuts are hitting Native American businesses and the rural communities they support
Near Thackerville, Oklahoma, a town on the Texas border with fewer than 500 residents, what started…