Nike announced on Thursday a reduction in its workforce by 2% that will result in the layoff of more than 1,500 jobs.
Industry
Bitcoin Crosses $1 Trillion Market Value Again After Its Price Jumped 22% to $52,005
Bitcoin, the world's biggest cryptocurrency, has jumped 22% this year to $52,005, putting its market value above $1 trillion for the first time since its record peak in late 2021.
London Stock Exchange Group Plans to Increase CEO Pay
The London Stock Exchange Group (LSEG) is considering doubling CEO maximum pay amid concerns on UK firms' US listings and competition from high-paying American tech companies.
Sony Loses $10 Billion After PS5 Sales Drop With Games Profit at 10-Year Low
Sony's stock dropped by $10 billion due to lower PS5 sales forecasts, while its gaming profits also fell despite strong digital sales and PS Plus subscriptions.
Singapore's Aerospace Industry Is Expected to Hire Over 2,500 Workers in the Next 3 to 5 Years
The aerospace industry in Singapore is expected to hire over 2,500 workers in the next three to five years to support its ongoing growth.
Latest News
Does the Philippines need a whole-of-nation approach in the tourism industry? The country's Tourism Secretary says yes.
Wendy's breakfast lineup is getting sweeter as it will soon add a new item from Cinnabon after partnering with the baked goods chain.
The US Department of Justice plans to investigate the new streaming venture between Walt Disney Co., Fox Corp., and Warner Bros. Discovery Inc. amid concerns of potential harm to consumers, media competitors, and sports leagues.
Pfizer has agreed to pay $93 million to resolve antitrust claims by wholesale drug distributors accusing the pharmaceutical giant of conspiring with India's Ranbaxy Laboratories to delay the sales of cheaper versions of the cholesterol drug Lipitor.
Ford Motor CEO Jim Farley told investors on Thursday to forget about Tesla and touted the company's "Pro" fleet business as the future of the automotive industry.
Toast announced on Thursday its decision to cut its workforce by 10%, resulting in the termination of 550 employees.
Uber Technologies has announced its plan to repurchase up to $7 billion worth of company shares. Uber Technologies announced on Wednesday its plan to repurchase up to $7 billion worth of company shares.
Nvidia surpassed Google's parent company, Alphabet, in market capitalization, securing its position as the third-largest company in the US.
Walmart is reportedly planning to acquire Vizio for $2 billion. Here's what it means for the cheap TV market.
