The Business Journals

Trump administration set to slash $197M grant for north St. Louis battery plant

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The Trump administration is ...
FoodNavigator

Nestlé to cut 16,000 jobs in Q3 results shake-up

Food and beverage giant Nestlé shocked employees and investors Thursday morning, when incoming CEO Philipp Navratil, announced the company is to cut 7% of its workforce. The move to make the business ...
UPI

Wind farm company to slash workforce by one-quarter in next two years

Oct. 9 (UPI) --The offshore wind farm company Orsted announced Thursday it plans to cut its workforce by roughly one-quarter by the end of 2027 as it redirects its business toward Europe and Asia.
Wall Street Journal

Energy Department to Slash Nearly $24 Billion in Green Project Funding

The U.S. Energy Department is slashing nearly $24 billion of funding for climate projects, as the Trump administration moves to further unwind Biden-era climate policies during the government shutdown ...
Fox Business

Exxon to slash thousands of jobs in major corporate overhaul and comprehensive restructuring plan

Oil giant Exxon Mobil is preparing to cut thousands of jobs worldwide in a corporate reshuffling. A spokesperson for Exxon confirmed to Barron’s on Tuesday that the company plans to cut 2,000 jobs, ...
The Harvard Crimson

Harvard Medical School to Cut 20 Percent of Research Spending, Dean Says in Annual Address

Harvard Medical School Dean George Q. Daley ’82 said the University’s central administration had instructed him to cut spending on the Medical School’s research enterprise by at least 20 percent by ...
The Motley Fool

The Fed Meeting in September Is Likely to Slash Rates, Here's What to Expect

For nearly two years, the Federal Reserve has kept rates at their highest level in decades to fight inflation. It worked: price growth cooled from over 9% at its peak to something much closer to the ...
Bloomberg L.P.

French Bonds Slip Further Behind Spain, Portugal After Fitch Cut

French bonds underperformed their southern European peers on Monday as a credit downgrade by Fitch Ratings underscored the market impact of the political turmoil facing President Emmanuel Macron. The ...
CoinDesk

Polymarket’s Top Trader Bets on a 50bps Fed Rate Cut Next Week

A leading trader on decentralized betting platform Polymarket, who goes by the name JustWakingUp, is wagering that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) next week.
New York Post

ConocoPhillips says it will slash as much as 25% of workforce — sending oil giant’s shares tumbling

Oil and gas producer ConocoPhillips will cut 20%-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance ...
The Telegraph

SURPRISE SLASH: Another Pats shakeup as they cut Peppers

The Patriots have released veteran safety Jabrill Peppers from the 53-man roster. (AP photo) The New England Patriots released safety Jabrill Peppers Friday, marking the latest shakeup of the team’s ...
MLive

Supreme Court lets Trump admin slash research funding in push to cut DEI efforts

WASHINGTON (AP) — The Trump administration can slash hundreds of millions of dollars’ worth of research funding in its push to cut federal diversity, equity and inclusion efforts, the Supreme Court ...