Fox Sees Q1 Revenue Grow, But Higher Expenses Cut Profit
Fox Corporation said profit in its first fiscal quarter fell due to higher operating expenses, even as overall revenue rose 5% or $174 million, tied to increased cash from advertising and…
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AirAsia plans up to US$600 million bond to cut borrowing cost: sources
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note AirAsia Aviation Group plans to raise as much as US$600 million, replacing a private…
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30) said it would cut 900 jobs in its corporate…
Puma Posts Bruising Q3, To Cut 900 Jobs
BERLIN – Organic sales at Puma fell 10.4 percent in the third quarter to 1.96 billion euros. The German activewear firm blamed a strategic “reset” as it navigates “several company-specific…
Asian markets to expect short-term pressure from Fed rate cut: analysts
Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already priced in, analysts say. The Federal Open Market…
Gold ticks up on US dollar retreat, Fed rate cut
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher on Thursday (Oct 30), as a slight pullback in the…
Federal Reserve votes for another quarter-percentage point cut
The Federal Reserve on Wednesday slashed interest rates for the second time in as many months, pointing to a slowdown in hiring. Source link
GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars, Detroit News reported on Wednesday (Oct 29). The…
UPS reports 48,000 jobs cut in the year to date
United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 48,000 job cuts.…
The Fed is expected to cut key interest rate to boost weak U.S. job market
The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. A cut…
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
The prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday season The US Federal Reserve is likely to cut interest…
US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets
WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s upbeat results offered a boost. At 9.30 am EDT, the Dow…
Applied Materials to cut 4% of global staff after sales slow
Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a sales slowdown and trade turmoil. The company will…
Trump heads to Asia to build alliances, cut trade deals, go eye-to-eye with China's Xi
President Trump leaves Washington Friday for a whirlwind tour of Asia with an ambitious to-do list of high-stakes meetings, including with Chinese President Xi Jinping, that could reshape…
Tech and media layoffs October 2025: Rivian, Meta, Paycom, NBC News, and more cut jobs this fall
Electric-truck maker Rivian is laying off another 600 people, or about 4% of its workforce as the global demand for electric vehicles decreases, the Wall Street Journal reported. This…
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the expiry of key US tax credits that had supported…
Meta AI layoffs today: 600 jobs are already being cut from Alexandr Wang’s superintelligence lab
Meta, which owns and operates Facebook and Instagram—as well as Threads, Messenger, and WhatsApp—announced on Wednesday it is laying off about 600 employees from its new AI…
Adriana Barraza Joins Jonah Hill’s New Comedy ‘Cut Off’ at Warner Bros. (EXCLUSIVE)
Academy Award nominee Adriana Barraza has joined the cast of Jonah Hill’s upcoming Warner Bros. comedy “Cut Off,” Variety has learned exclusively. The film follows a pair of wealthy…
Tallinn Unveils 18 Works in Progress: Cannes-Selected Kristijonas Vildžiūnas and Rising Talents Josef Brandl, Claudia Estrada Tarascó Make the Cut (EXCLUSIVE)
The psycho thriller “Lex Julia” by Finland’s Laura Hyppönen (“Live East Die Young”) and fantasy drama “Dice-Ching-o-Mat” by Lithuania’s Kristijonas Vildžiūnas, who was selected for Cannes…
‘Culebra Cut,’ ‘False Positive’ and ‘Houses Are Silent’ Make the Proyecta Cut at Ventana Sur 2025
Ana Elena Tejera’s “Culebra Cut,” Theo Montoya’s “False Positive” and Roxana Stroe’s “Houses Are Silent” feature among the lineup at the upcoming Proyecta co-production platform, running…
Internet services cut for hours by Amazon cloud outage
Crypto exchange Coinbase, as well as games Fortnite and Roblox, were among those affected MANY popular Internet services, from streaming platforms to messaging services and some banks,…
‘Devil in Disguise’ Star Michael Chernus on Having the ‘Unfortunate Duty of Playing John Wayne Gacy’ and Why It Was the ‘Right Decision’ to Cut His Extensive Finale Scenes
SPOILER ALERT: This post contains spoilers from “Devil in Disguise: John Wayne Gacy,” now streaming on Peacock. When Michael Chernus signed on to stand at the center of Peacock’s new…
Nestle, the world’s largest packaged food company, will cut 16,000 jobs
Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company seeks to cut costs and win back investor confidence. The jobs being cut…
Asia: Stocks rise as traders weigh China-US row, rate cut hopes
ASIAN equities edged up on Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this…