Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul.
Read More BofA stock surges after boosting profit on trading gains, interest income
Tag: job cuts
IRS Chief To Resign ‘In Protest Of Trump Admin’ Over Tax Data-Sharing Agreement With DHS
The acting leader of the Internal Revenue Service (IRS) is reportedly set to resign after a deal was recently set in place on behalf of the agency requiring it to share tax data on undocumented immigrants.
Read More IRS Chief To Resign ‘In Protest Of Trump Admin’ Over Tax Data-Sharing Agreement With DHS
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
Read More Wall Street job cuts loom as market turmoil stalls deals
US consumer spending declines; annual inflation subsides
Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
Read More US consumer spending declines; annual inflation subsides
Southwest Airlines Announces 15% Corporate Staff Layoffs To Reduce Costs
Southwest Airlines slashed 15% of its corporate workforce in an effort to cut overhead costs.
Read More Southwest Airlines Announces 15% Corporate Staff Layoffs To Reduce Costs
Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
Read More Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’