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244 articles found for "savings"
Tech sector layoffs continue into 2026 with 5,285 workers affected in the first two weeks of January as companies prioritize AI investments and efficiency.
Swedish telecom giant Ericsson announces proposed headcount reduction of 1,600 positions in its home country amid weakening demand for network equipment.
American Express reports Q4 earnings January 30. With affluent spending holding steady, what the credit card giant's results reveal about the economy's upper tier.
Fifth Third Bancorp received Federal Reserve approval for its $10.9 billion acquisition of Comerica, creating a regional banking powerhouse with $290 billion in assets.
Amazon announced plans to eliminate up to 14,000 corporate jobs as it redirects resources toward a $100 billion AI infrastructure investment over the next decade.
The Supreme Court's imminent ruling on Trump's emergency tariff powers could require refunding over $133 billion to importers while reshaping presidential trade authority.
Google, Meta, and Amazon are developing custom AI chips to reduce Nvidia dependence. Bank of America sees this shift reshaping the $1 trillion semiconductor industry.
JPMorgan Chase will become the new issuer of Apple Card, taking over $20 billion in loans from Goldman Sachs in a deal that marks the end of Goldman's consumer banking experiment.
JPMorgan CEO Jamie Dimon cautions that investors are too complacent about geopolitical risks and elevated asset prices even as the bank posts near-record annual profits of $57 billion.
Crude oil prices plunged over 4.5% on January 15, 2026, as President Trump signaled potential de-escalation with Iran. WTI fell to $59 while Brent dropped below $64.
Nearly three years after the SVB crisis, regional banks are approaching historic highs with analysts projecting earnings growth exceeding 30% for sector leaders.
Private credit has grown from $250 billion to $2.5 trillion since 2007. Now regulatory changes are opening the $13 trillion 401(k) market to these high-yield investments.