September 7, 2023
“AMC (AMC) Entertainment stock tanked more than 20% on Wednesday morning after the cinema chain announced plans to sell up to 40 million shares. The company said it plans to use the proceeds “to bolster liquidity, to repay, refinance, redeem or… Continue Reading…
August 15, 2023
“IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR)… Continue Reading…
June 21, 2023
“Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of… Continue Reading…
June 9, 2023
“…According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets… It also caught the attention of Tesla Inc. CEO Elon Musk. “This really needs to stop. Killing some cows… Continue Reading…
May 16, 2023
“A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. are looking to sell £2.4 billion ($3 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares. The group,… Continue Reading…
April 18, 2023
“A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may become a renewed wave of selling by some of the biggest investors in global bond markets… Fukoku Mutual Life Insurance… Continue Reading…
April 17, 2023
“Almost three-quarters, 74%, of people say they cannot count on Social Security benefits when it comes to the money they will have in retirement, according to a new survey from Allianz Life Insurance Company of North America….” https://www.cnbc.com/2023/04/15/74percent-say-they-cant-count-on-social-security-benefits-what-not-to-do.html Well if… Continue Reading…
February 24, 2023
“Swedish telecom company Ericsson will lay off 8,500 workers as part of its cost-cutting measures, the company confirmed to CNBC on Friday. Reuters earlier reported on the layoffs, which will impact roughly 8% of its staff of 105,529 worldwide. The… Continue Reading…
December 19, 2022
“American millionaires are trimming their holiday spending and becoming more budget-conscious as a result of inflation, a sign that spending cuts are now rising up the wealth ladder, according to a CNBC survey. The CNBC Millionaire Survey found 80% of… Continue Reading…
November 14, 2022
“Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of… Continue Reading…
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