Reuters

BERLIN (Reuters) -Volkswagen will need to make "significant cost-cutting efforts" in the second half of the year and beyond if it is to revive profit margins, the automaker said on Thursday, after reporting first-half margins it described as "too low".

Volkswagen doubles down on cost cuts to try to revive margins

Microsoft has opted to provide a special one-time cash bonus to its workforce in recognition of their contributions over the last fiscal year. According to a report from GeekWire. The decision comes after the company reported strong financial results, marking a notable end to its 2024 fiscal year. Employee Recognition...

Microsoft Employees Get Cash Bonuses Despite Layoffs

960 The Ref

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company...

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

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J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

OpenAI could lose as much as $5 billion in 2024, putting the startup at risk of bankruptcy within 12 months, according to a report. The Sam Altman-led company is spending more cash than it should and that could force it to bankruptcy if it doesn’t get more funding within 12 months, reported The Information.

OpenAI on verge of bankruptcy & heading for $5 billion in losses: Report

TheStreet

The fourth largest automaker is cutting costs and reducing headcount in the wake of a bleak Q2 earnings call.

Stellantis threatens layoffs amid poor earnings

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 230 thousand initial claims, down from 235 thousand last week. • At 10:00 AM, ISM Manufacturing Index for July. The...

Thursday: Unemployment Claims, ISM Mfg, Construction Spending, Vehicle Sales

The number of people paying for the world's most popular dating app has continued to slide.

Tinder parent company cuts jobs as subscriber numbers slump

Waterloo, IA

Deere & Co. is reducing its salaried global workforce as tractor sales weaken through a difficult farm economy, adding to a series of recent layoffs across the company. Increased operational costs and demand declines have “unfortunately forced us to make tough decisions,” a Deere spokesperson told Agriculture Dive in an email Thursday. The company confirmed salaried workforce reductions were taking place, but did not disclose exact numbers or estimates.

Deere lays off salaried workers as sales tank

While many people are excited about the upcoming Madden NFL 25, there is a trepidation amongst diehard fans that can’t be ignored. Why is that? Simply put, the franchise has been on what many feel is a “downward slope” over the last several years. The reason for that is while the game continues to sell well, EA Sports hasn’t done much to try to keep the game exciting from year to year. Think about it like this: what really changes in football from one season to the next outside of the players on the roster? Exactly. As such, things have become rather stale.

Madden NFL 25 Highlights Special “Dynamic” Features In Franchise Mode

The Associated Press

WASHINGTON (AP) — The U.S. job market isn’t sizzling hot anymore. Companies aren’t hiring the way they were a year or two ago. But they aren’t slashing jobs either, and American workers continue to enjoy an unusual degree of job security. This is just what the...

U.S. employers likely added 175,000 jobs in July as labor market cools gradually

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains surprisingly healthy in an era of high interest rates. Jobless claims for the week ending July 27 climbed by 14,000 to 249,000, from 235,000 the previous...

The number of Americans filing for jobless claims hits highest level in a year

Oregon State

Ohio State

Sean Kernan

Intel, the company behind Ohio's largest economic development project, announced on Thursday plans to reduce its global workforce by 15% as part of a $10 billion restructuring effort. This move aims to enhance profitability and efficiency in the coming years.

Intel To Cut Jobs In Ohio

The U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey shows the construction industry registered 295,000 job openings in June, which is down by 71,000 from May and down by 119,000 from June 2023, according to Associated Builders and Contractors. The survey defines a job opening as any unfilled position for which an employer is actively recruiting.

Construction job openings plunged in June

Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at the average lender. 30yr fixed rates had...

Mortgage Rates Drop Sharply After Inflation Data

The Institute for Supply Management released a report on Thursday showing U.S. manufacturing activity unexpectedly contracted at an accelerated rate in the month of July. The ISM said its manufacturing PMI fell to 46.8 in July from 48.5 in June, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 48.8 percent.

U.S. Manufacturing Index Unexpectedly Indicates Accelerated Contraction In July

The Motley Fool

Coke is growing its top and bottom lines despite a challenging operating environment.

3 Reasons Why Coca-Cola Stock Just Hit an All-Time High

DETROIT (Reuters) - Jeep-maker Stellantis said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares is placing on its American operations.

Stellantis offering new round of voluntary buyouts to US salaried workers

We’re in the back half of 2024, and that means that people are really looking forward to 2025, especially on the gaming front, where numerous big titles and announcements are set to drop. While all of them will be important in one form or another, the one that many people are keeping an eye on the most is GTA 6. The latest title from Rockstar Games has been over a decade in the making in some respects and has to try and top everything the 5th mainline entry did. Whether it will or won’t is debatable, but what’s not up for debate is that a new trailer for it will eventually drop.

Fans Speculate On When Next GTA 6 Trailer Will Drop!

If Friday's labor market report shows the unemployment rate ticked up in July, it could trigger the Sahm Rule's recession indicator. The Sahm Rule theorizes that we are likely in a recession if the three-month moving average of the unemployment rate rises half a percentage point from its low point in the previous 12 months.

This Week's Jobs Report Could Trigger a Usually Reliable Recession Indicator

NewsBreak

Firesprite Has Job Openings For Their Next Game, After Layoffs Earlier This Year

One can’t help but wonder about reports of a toxic workplace at Firesprite with this news. It looks like Firesprite Games is back on track. When...

Firesprite Has Job Openings For Their Next Game, After Layoffs Earlier This Year

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