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Paramount CEO David Ellison mandates 5-day office return Jan 2026, offers buyouts, with major layoffs looming as firm targets $2B in cost cuts.
Japan pledges $7B yearly U.S. energy buys, eyes Alaskan LNG deal. U.S. to keep lowest tariffs on Japanese drugs, semiconductors under new trade pact.
Citigroup will transfer $80 billion in client assets to BlackRock, outsourcing investment management to simplify its core wealth management operations.
In August, the ISM Services PMI registered 52%, indicating the sector continued to expand for the third consecutive month. Growth was driven by stronger business activity, which rose to 55%, and new orders, which climbed to 56%, signaling robust demand. However, employment remained in contraction for the third straight month at 46.5%, reflecting ongoing labor challenges. Supplier deliveries slowed slightly,
T-Mobile projects $400M more in service revenue this quarter as it integrates customers from its newly acquired rival, UScellular, after the deal was approved.
GM is cutting EV output, halting production of two electric Cadillacs in December, as the Trump administration pulls federal support for green cars.
UK bank shares lost £6.4bn after calls for a windfall tax spooked investors, with NatWest, Lloyds, Barclays & HSBC all sliding on fresh budget fears.
India slashed taxes on soaps, small cars & other goods to boost demand amid U.S. tariff pressures, FM Sitharaman said after GST panel's approval.
Netflix updated its "Moments" feature on mobile, letting users clip, save & share scenes. The rollout ties in with season 2 of a hit show.
US job openings hit a 10-month low in July, with more jobseekers than jobs for the first time since COVID, boosting Fed rate cut expectations.
This USD/JPY chart shows a market stuck in a prolonged sideways consolidation or ranging phase. After a sharp rejection from the highs, the price has been oscillating within a wide and choppy range, with primary resistance at the 149.00 level and main support around 146.80. The moving averages confirm this trendless state, as they are flat and intertwined with the
Dollar Tree reported strong results for the second quarter of fiscal 2025 after selling Family Dollar in July. Quarterly sales rose 12.3% to $4.6 billion, with same-store sales up 6.5% thanks to more customer traffic and higher spending per visit. Operating income grew 7% to $231 million, and earnings per share were $0.75, or $0.77 adjusted, including a $0.20 benefit
A jury ordered Google to pay $425M for tracking users' data even after they turned off the Web & App Activity setting, violating privacy promises.
Disney will pay $10M to settle FTC claims it let children's data be collected on YouTube without parental consent, the agency confirmed Tuesday.
OPEC+ may raise oil output at Sunday's meeting, aiming to regain market share by unwinding 1.65M barrels/day of cuts, over a year ahead of schedule
Japan's service sector growth slowed in August, with the PMI easing to 53.1 from 53.6, though domestic demand stayed strong despite the first job cuts in nearly two years.
A U.S. judge dismissed a lawsuit accusing 10 banks of rigging bond prices, after the original judge stepped down due to a conflict of interest.
After years of suggestions, Kraft Heinz agreed to split into two simpler companies to boost stock prices, a growing trend among food & beverage conglomerates.
SAP will invest €20B over 10 years to boost Europe's sovereign cloud, offering IaaS and on-site options to keep customer data within the EU and meet GDPR rules.
UK PM Keir Starmer reshuffled advisers, bringing in ex-BoE Deputy Minouche Shafik, to boost economic plans ahead of a tough Autumn Budget amid low approval ratings.
Treasury Secretary Scott Bessent said the Fed should stay independent but criticized its "mistakes" and defended Trump's right to fire Fed Governor Lisa Cook.
Novo Nordisk says Wegovy cut heart attack, stroke, or death risk by 57% vs Eli Lilly's drugs in real-world data, highlighting possible differences among GLP-1 drugs.
Japan's markets boom as foreign buyers drive Tokyo stocks to record highs and push 30-year bond yields up, but domestic investors remain largely absent.
Swiss coffee machine maker Thermoplan, key Starbucks supplier, faces job risks after U.S. President Trump imposed 39% tariffs on Switzerland over its trade surplus.