Browsing: Business
BlackRock is reportedly slashing hundreds of jobs across the company, making it the latest Wall Street giant to start the New Year with sweeping layoffs. The world’s largest asset manager…
Meta is preparing to cut about 1,500 employees from its Reality Labs division — roughly 10% of the unit’s 15,000-person workforce — as early as this week as the company…
JPMorgan Chase posted a dip in quarterly profit as it built a $2.2 billion reserve linked to its deal with Goldman Sachs to take over a credit card partnership with…
Paramount Skydance dramatically escalated its hostile bid for Warner Bros. Discovery on Monday, launching a proxy fight for control of the board and filing a lawsuit in Delaware to force…
Citigroup is set to cut about 1,000 jobs this week, a source familiar with the matter told Reuters on Monday, as part of a plan announced two years ago to reduce the workforce…
January is fantasy season for Manhattan’s retail-leasing scene. Leading brokerages and business improvement districts want us to believe that long-vacant storefronts are filling up like crazy and tenants who delay to…
Warner Bros. Discovery executives are privately claiming Paramount Skydance’s latest moves to pressure it into a merger amount to “gimmicks” likening Paramount’s maneuvers to a 1960s screwball sitcom and saying…
After weeks of tumult, Saks Global could file for bankruptcy by Tuesday, though it’s unclear whether creditors would be able to snatch up the luxury giant’s prized real estate, The…
President Trump’s call to cap credit card interest rates at 10% for a year sent shockwaves through Wall Street on Monday, weighing down bank stocks as investors recoiled from a…
Mortgage rates fell below 6% for the first time in years after President Trump ordered the purchase of $200 billion worth of mortgage bonds in his latest attempt to tackle…