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Jobs Friday – Is Gold in Trouble?

For the last few days Gold has struggled trying to hold support. This morning about 3:00 am EST Gold fell hard about 20.00. Although we remain long there are now causes for concern as the […]

By |2021-01-08T11:09:13-05:00January 8th, 2021|Articles|Comments Off on Jobs Friday – Is Gold in Trouble?

Boeing Gets a Boost

Irish low-cost carrier Ryanair’s firm order for 75 additional 737 MAX airplanes on Thursday provided a much-needed boost for Boeing as it struggles to revive its fortunes after the MAX crash tragedies and the global […]

By |2020-12-04T09:48:07-05:00December 4th, 2020|Articles|Comments Off on Boeing Gets a Boost

Exxon Continues to Struggle

Exxon Mobil Corp. is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion, […]

By |2020-12-01T11:36:57-05:00December 1st, 2020|Articles|Comments Off on Exxon Continues to Struggle

ESPN to Cut 500 Jobs

Walt Disney Co.’s ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter. The cuts come as […]

By |2020-11-06T10:56:50-05:00November 6th, 2020|Articles|Comments Off on ESPN to Cut 500 Jobs

Walgreens to Cut Jobs, Suspend Buybacks

Walgreens Boots Alliance Inc. said it plans to cut about 4,000 jobs in the U.K. and suspend stock buybacks as demand fell off in its international business during the drugstore chain’s latest quarter. The pharmacy […]

By |2020-07-10T14:09:38-04:00July 10th, 2020|Articles|Comments Off on Walgreens to Cut Jobs, Suspend Buybacks

Rough Quarter for Car Sales

Most automakers have shifted to a quarterly release of U.S. new-vehicle sales data, but if they were hoping to limit the number of bad headlines during the Covid-19 crisis, perhaps a biannual or even biennial […]

By |2020-07-02T11:25:55-04:00July 2nd, 2020|Articles|Comments Off on Rough Quarter for Car Sales

Macy’s to Cut 3,900 Jobs

Macy’s is eliminating about a quarter of its corporate workforce, slashing 3,900 white-collar jobs in a sweeping effort to cut costs during the coronavirus pandemic. The layoffs announced Thursday come just months after the beleaguered […]

By |2020-06-26T09:56:14-04:00June 26th, 2020|Articles|Comments Off on Macy’s to Cut 3,900 Jobs

Boeing’s Massive Layoff Plan

Boeing told employees Wednesday that almost 7,000 of them will receive layoff notices this week. With more than 5,500 voluntary buyouts added in, the company will slash almost 12,300 U.S. jobs in this first batch […]

By |2020-05-28T11:08:29-04:00May 28th, 2020|Articles|Comments Off on Boeing’s Massive Layoff Plan

Airbnb to Cut 25% of Workforce

Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations, as the home-sharing giant predicted the coronavirus pandemic would change its business even after more […]

By |2020-05-06T11:48:12-04:00May 6th, 2020|Articles|Comments Off on Airbnb to Cut 25% of Workforce