Tag: landscape

Workday to Lay Off 1,750 Employees, Nearly 3% of Workforce

Published on: February 05, 2025, 05:00 PM UTC

The head of Italy's fashion chamber has appealed to the government for protection against potential US tariffs. Fashion generates 5% of Italy's GDP, with 1.2 million employees. Trump's threat of tariffs is creating uncertainty in the industry, which has experienced a global contraction.

Published on: February 05, 2025, 04:00 PM UTC

The New York Times forecasts Q1 subscription revenue growth below Wall Street estimates, signaling increased competition. Digital-only subscriptions see stronger growth

Published on: February 05, 2025, 01:09 PM UTC

President Trump's proposed tariffs could cost American families $2,600 per year in higher costs and lost productivity. This comes at a time when inflation is already a concern and consumers are more likely to walk away from purchases than bite the bullet and make a purchase.

Published on: February 05, 2025, 01:03 PM UTC

Archer-Daniels-Midland slashes costs and cuts staff amid commodity downturn, trade war uncertainty. The company forecasts a possible third straight annual earnings drop in 2025.

Published on: February 04, 2025, 09:00 PM UTC

US stocks rallied on Tuesday as investors gauged China's immediate response to President Donald Trump's additional tariffs amidst fears of a potential trade war. Investors also digested fresh jobs data, with job openings dropping more than expected in December. Investors continue to monitor signs of a cooling labor market as the Federal Reserve weighs future interest rate cuts amid persistent inflation.

Published on: February 04, 2025, 08:00 PM UTC

US stocks mixed as China retaliates to Trump's tariffs, raising trade war concerns

Published on: February 04, 2025, 03:04 PM UTC

US sanctions are yet to seriously impact Russian crude exports, but signs emerge that the restrictions are hindering the completion of shipments. Most notably, just two of 11 cargoes shipped from the Sakhalin Island oil and gas projects have discharged since the regulations took effect, with the remaining nine stalled or idling. Only one post-sanctions cargo has been transferred to another vessel, and while key Pacific grade ESPO continues to move, unsanctioned vessels are replacing those targeted by the US. Notably, the first tanker to load a post-sanctions cargo from the Arctic port of Murmansk is headed for India, despite the country's announcement that it will not accept cargoes on sanctioned vessels after a deadline later this month.

Published on: February 04, 2025, 02:01 PM UTC

Stocks struggled for direction as traders weighed tariff concerns and a mixed bag of corporate earnings. The dollar weakened and bond yields rose.

Published on: February 04, 2025, 01:05 PM UTC

Data from the Fed's favored inflation indicator, the Personal Consumption Expenditures (PCE) index, showed prices stayed sticky in December 2024. The "core" PCE index, which excludes food and energy, was up 2.8% year-over-year, matching the level seen in November. On a month-over-month basis, "core" PCE rose 0.2%, faster than the 0.1% increase in November. These figures align with Wall Street expectations. Following the release of this data, the Fed decided to keep interest rates on hold, following three consecutive cuts at the end of 2024. The central bank is taking a cautious approach as it monitors inflation and uncertainties surrounding the economic policies of the Trump administration.

Published on: January 31, 2025, 04:00 PM UTC