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After pandemic-era hiring binges, big companies from Amazon.com to UPS are slashing jobs, looking to shrink their head counts after years of breakneck growth
WSJ· 2026-01-29 02:08
Core Insights - Many corporations that expanded their workforce during the pandemic are now reducing their employee count due to economic uncertainty and the rise of AI threats [1] Group 1: Corporate Actions - Companies are slimming down their labor force as a response to the current economic climate [1] - The trend of workforce reduction is driven by the need to adapt to potential challenges posed by AI technologies [1] Group 2: Economic Context - The economic uncertainty is prompting corporations to reassess their operational strategies, leading to workforce reductions [1] - The pandemic-induced hiring spree is being reversed as companies prioritize efficiency and cost management in light of new market conditions [1]
Oil Rises Amid Iran Tensions
WSJ· 2026-01-29 01:19
Core Viewpoint - Oil prices increased during the morning Asian session due to rising tensions surrounding Iran [1] Group 1 - The rise in oil prices is attributed to geopolitical concerns, particularly related to Iran [1]
Asian Currencies Mostly Strengthen Amid Fed Rate-Cut Prospects
WSJ· 2026-01-29 00:45
Asian currencies mostly strengthened against the dollar in the morning session amid Fed rate-cut prospects. ...
Singapore's Central Bank Stays on Hold as It Raises Inflation Forecasts
WSJ· 2026-01-29 00:33
Core Viewpoint - Singapore's central bank has maintained its monetary policy settings, anticipating increased inflation and stronger economic growth in the near future [1] Monetary Policy - The central bank's decision to keep monetary policy steady indicates a cautious approach amid expectations of rising inflation [1] - The forecast suggests that the economy may experience relatively stronger growth, which could influence future monetary policy adjustments [1]
Barry Diller Told Warner Discovery He's Interested in Buying CNN
WSJ· 2026-01-29 00:00
A Warner spokesman said CNN 'was not and is not for sale.' ...
Samsung's Fourth-Quarter Net Profit Beats Consensus
WSJ· 2026-01-28 23:15
Core Insights - The company's core semiconductor business experienced a significant increase in earnings driven by the rising demand for advanced chips essential for the artificial intelligence infrastructure development [1] Summary by Category Earnings Performance - Earnings in the semiconductor sector rose sharply due to heightened demand for advanced chips [1]
What the Slide in the Dollar Means for Trade, Travel and Investment
WSJ· 2026-01-28 23:00
The currency's decline renews fears that America's position in markets is waning. ...
Brazil's Central Bank Holds Rate High, Signals March Cut
WSJ· 2026-01-28 22:53
The bank's monetary policy committee kept the nation's benchmark rate at 15%, while indicating it may start cutting at its next meeting in March. ...
Gold Breaks Record As Stocks Muddle Through Fed Pause
WSJ· 2026-01-28 22:06
The dollar strengthens, while tech earnings loom over the markets. ...
Las Vegas Sands Logs Higher Fourth-Quarter Profit, Revenue
WSJ· 2026-01-28 21:58
Core Insights - The operator of casinos and resorts reported a profit of $395 million, driven by strong performance at its Marina Bay Sands resort in Singapore [1] Company Performance - The profit of $395 million indicates a significant financial success for the company, highlighting the effectiveness of its operations at Marina Bay Sands [1]