Category: finance
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Verizon Beats Wall Street Estimates for Q3 Profit and Subscriber Growth
NEW YORK — U.S. telecom giant Verizon Communications Inc. (NYSE: VZ) reported stronger-than-expected third-quarter profit and wireless subscriber additions, driven by strategic promotions around Apple’s latest iPhone releases and growing demand for flexible mobile plans. The results exceeded Wall Street forecasts and helped ease investor concerns that Verizon might be losing market share to aggressive
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Trump Renews Criticism of Fed Chair Jerome Powell Over Delayed Interest Rate Cuts
SEOUL – U.S. President Donald Trump once again took aim at Federal Reserve Chair Jerome Powell, criticizing what he called the Fed’s reluctance to cut interest rates quickly enough to support economic growth. Speaking at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, Trump accused Powell of acting “too late” to address
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Boeing Takes Nearly $5 Billion Charge on 777X Program as Delivery Delays Mount
Boeing Co. (NYSE: BA) announced on Wednesday that it will take a nearly $5 billion charge related to ongoing delays in its 777X aircraft program, marking yet another setback for the U.S. aerospace giant as it works to stabilize production and restore investor confidence. The company confirmed that the first delivery of the 777X widebody
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Saudi Arabia’s $925 Billion Public Investment Fund to Refocus Strategy Amid Gigaproject Delays
Saudi Arabia is set to restructure the strategy of its $925 billion sovereign wealth fund, shifting attention away from massive real estate megaprojects that have defined the kingdom’s development vision for nearly a decade. The new direction will prioritize logistics, mining, artificial intelligence (AI), and religious tourism, according to a source familiar with the matter.
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India’s Silver Demand Cools After Festive Surge, Premiums Drop as Prices Correct
After an intense surge during India’s festive season, silver demand has softened sharply, leading to a steep fall in silver premiums across domestic markets. Bullion dealers say buyers are now stepping back as prices retreat from record highs, prompting a pause in purchases after two weeks of heavy buying linked to Dhanteras and Diwali celebrations.
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Reserve Bank of New Zealand Cuts Nearly 20% of Staff Amid Budget Reduction and Restructuring
The Reserve Bank of New Zealand (RBNZ) has confirmed a significant reduction in its workforce, revealing that nearly 20% of its staff have been laid off since March 2025. The central bank’s latest disclosure, made public in official documents on Wednesday, underscores the impact of ongoing budget cuts and organizational restructuring across the nation’s top
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Global Companies Slash Jobs Amid Weak Economic Sentiment and Rising AI Automation Pressure
In a wave of cost-cutting and restructuring, major corporations across the globe — including Amazon, Nestlé, and UPS — have announced large-scale job cuts as they brace for economic slowdown and accelerate their investment in artificial intelligence (AI) technologies. The layoffs reflect a growing unease among business leaders and investors about the state of the
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Kraft Heinz Lowers 2025 Sales and Profit Forecast Amid Economic Uncertainty
Kraft Heinz Company (NASDAQ: KHC), one of the world’s largest food and beverage corporations, has revised its annual sales and profit outlook downward, citing persistent weakness in consumer demand for its premium snacks and pantry staples. The company’s updated forecast highlights the challenges facing packaged food manufacturers as inflation and economic uncertainty continue to reshape
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Adyen Beats Q3 Revenue Expectations Despite End of US Low-Value Tariff Exemption
Amsterdam, October 29, 2025 – Dutch payments giant Adyen (ADYEN.AS) posted stronger-than-expected third-quarter revenue on Wednesday, driven by resilient retail transactions, even as the U.S. ended its tariff exemption for low-value imports. The company reported net revenue of €598.4 million ($697.9 million) for Q3, a 23% year-on-year rise on a constant currency basis, surpassing analysts’
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OpenAI CEO Sam Altman Outlines Trillion-Dollar AI Vision Amid Company Restructuring
San Francisco, October 29, 2025 – OpenAI CEO Sam Altman has unveiled ambitious plans to scale the company into a technological powerhouse, aiming to transform it into one of Silicon Valley’s most important firms. The announcement comes alongside a corporate restructuring designed to enable OpenAI to pursue massive infrastructure and revenue goals. Altman Targets Massive
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