Feb 18, 2025 | Markets
Reductions to affect about 1,750 roles beginning in April Carrier has been cutting costs in wake of activist battle Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in the...
Feb 18, 2025 | Markets
Vanguard’s VOO has raked in $23 billion so far this year It’s not the first time that SPY’s crown has slipped Vanguard has unseated State Street for the title of the world’s biggest exchange-traded fund, ushering in a new world order for the $11 trillion industry. The...
Feb 17, 2025 | Markets
SSI raising more than $1 billion, including from Greenoaks Former OpenAI chief scientist left the company last year OpenAI co-founder Ilya Sutskever is raising more than $1 billion for his startup at a valuation of over $30 billion, according to a person familiar with...
Feb 17, 2025 | Markets
Good morning, and happy Presidents’ Day. US government layoffs expanded over the weekend while cuts to Medicaid threaten to divide Republicans. Traders are kept guessing on tariffs. And the BAFTAs offer a possible Oscars preview. Listen to the day’s top stories. US...
Feb 14, 2025 | Markets
Yields reach weekly lows, erasing Wednesday’s post-CPI surge Traders resume pricing in a Fed rate cut by September Treasury yields dropped to weekly lows Friday after weak January retail sales data prompted traders to restore bets that the Federal Reserve will cut...
