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The U.S. job market is off to a rough start in the new year, with companies announcing more layoff
WSJ· 2026-02-05 19:21
Ahead of the government's delayed January jobs report, a mix of other federal and private data points to a rough start to the new year. ...
KKR Executives Downplay Impact of AI Disruption
WSJ· 2026-02-05 18:47
Core Viewpoint - The private-markets firm maintains its return forecasts despite the turbulence in the software sector [1] Group 1 - The firm discussed its Q4 earnings in the context of current market conditions [1]
Peloton CFO Coddington Leaving for Solar Energy Company Palmetto
WSJ· 2026-02-05 18:38
Core Insights - The new role of Coddington at Palmetto focuses on enhancing profit metrics, improving working capital, and tightening financial controls [1] Company Strategy - Coddington aims to strengthen Palmetto's profit metrics [1] - Plans to improve working capital management [1] - Intends to tighten financial controls within the company [1]
Banco De Sabadell Appoints TSB's Marc Armengol as Next CEO
WSJ· 2026-02-05 18:16
Marc Armengol, who currently serves as the CEO of TSB, will take over from Cesar Gonzalez-Bueno, who is widely credited for his work fending off a hostile takeover bid by larger rival BBVA. ...
Novo Nordisk Accuses Hims & Hers of ‘Illegal Mass Compounding' Over Cheaper Wegovy Version
WSJ· 2026-02-05 17:30
Hims & Hers said it would begin offering copies of Wegovy for an introductory price of $49 for the first month with a five-month plan. ...
Verizon's Consumer Unit CEO Sowmyanarayan Sampath to Step Down
WSJ· 2026-02-05 17:21
Group 1 - The departure of a key executive occurs as Verizon is undergoing significant changes under the leadership of new CEO Dan Schulman [1]
Volkswagen, UAW Agree to 20% Wage Hike for Tennessee Plant Workers
WSJ· 2026-02-05 16:04
Group 1 - The company and union have been engaged in negotiations for a year-and-a-half regarding their first contract [1]
The Credit-Card Rate Cap Has Stalled, and Issuers Are Doing Just Fine
WSJ· 2026-02-05 16:00
Core Insights - The largest credit card issuers generated approximately $146 billion in revenue last year, highlighting the significant dependence of Americans on debt [1] Group 1 - The revenue figure of $146 billion reflects the substantial financial impact of credit card usage in the U.S. market [1]
Rio Tinto Abandons Mega-Merger Talks With Glencore
WSJ· 2026-02-05 15:58
Core Viewpoint - A proposed deal aimed at creating the world's largest mining company, valued at over $200 billion, has not materialized, leading to a significant decline in Glencore's share price by approximately 8% [1] Company Summary - The deal would have positioned Glencore as the largest player in the mining sector, with a market capitalization exceeding $200 billion [1] - Following the news of the failed deal, Glencore's shares experienced a notable drop of around 8% [1]
U.S. Economy Shed Nearly 1 Million Job Openings Last Year
WSJ· 2026-02-05 15:41
The number of open jobs in the U.S. economy fell to just over 6.5 million in December from about 7.5 million at the end of 2024, evidence of how demand for workers has sputtered in an uneven labor market. ...