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Nestlé to cut 16,000 jobs worldwide in cost-saving push
Nestlé plans to cut 16,000 jobs globally by 2027 as part of a cost-saving and turnaround strategy aimed at boosting efficiency.
BlackRock, Nvidia, Microsoft in $40B data center deal
BlackRock, Nvidia and Microsoft are buying Aligned Data Centers for $40B to expand global AI and cloud infrastructure.
Federal workers face strain, layoffs as shutdown deepens
Hundreds of thousands of federal workers face financial strain and new layoffs as the government shutdown enters its third week.
Powell signals more Fed rate cuts amid hiring slowdown
Fed Chair Jerome Powell said slowing hiring raises risks for the U.S. economy, signaling two more rate cuts are likely this year.
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth [...]
Oracle and AMD expand AI partnership to keep up with demand
WASHINGTON (AP) — Oracle and Advanced Micro Devices are expanding their partnership with the deployment of 50,000 AMD graphic processing units beginning in the third quarter of 2026 with further expansion to follow. The so-called AI “supercluster” is a massive, interconnected group of high-performance computers designed to[...]
IMF raises U.S., global growth outlook despite tariffs
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. The United States’[...]
OpenAI partners with Broadcom to design custom AI chips
OpenAI and Broadcom will co-develop custom AI chips set to launch in 2026, expanding OpenAI’s efforts to build its own hardware.
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish start to 2025 drove them to seek new opportunities, according to th[...]
Retailers scale back holiday hiring amid tariffs, slowdown
Retailers delay and reduce holiday hiring as tariffs, economic uncertainty and a government shutdown weigh on consumer spending.
LendingTree CEO and founder Doug Lebda dies in ATV accident
NEW YORK (AP) — LendingTree CEO and founder Doug Lebda died in an an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. In a company announcement, LendingTree confirmed that Lebda unexpectedly died on Sunday and that its leadership “deeply mourns his passing” while extending condolences[...]
First Brands CEO James resigns amid bankruptcy process
(Reuters) -First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring Officer Charles Moore on an interim basis, as the auto parts maker advances its Chapter 11 bankruptcy process. The Ohio-based company, which makes filters, brakes and lighting systems, filed for bankr[...]
