lay off

Chesapeake Energy Laid off workers, oil price as main reason

Chesapeake Energy joins other energy company such as Haliburton and Schlumberger by laying off workers to stay competitive as oil price getting lower. This is the latest move by the company after it had cut down on the spending and operational cost.

UniCredit to slash 7% workforce in cost-cutting drive

Italian banking major UniCredit is downsizing its workforce as part of its cost cutting measures. The bank is expected to slash 7,000 jobs mostly in Italy, Germany and Austria. However, the total number of job cuts is likely to reach 10,000 level. Low interest regime is impactign the bank's performance.

Latest Stories

Goldman Sachs Targets Private Equity After Credit Suisse Shakeup

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.

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A survey from the National Association of Colleges and Employers states that employers intend to recruit 5.8% fewer recent college graduates from this year's class than they did from the class of 2023.

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There are still some proven passive income techniques available that yield positive results.

Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street

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Sustainable Investing Made Easy: Low-Cost ESG Fund Options for May 2024

Regular investors continue to desire ESG funds, despite some opponents labeling them as "woke" investing. These funds consider a portfolio's firms' financial fundamentals in addition to their environmental, social, and governance considerations.

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Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power

In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.

Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

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