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Starbucks asks office workers to stay home as it announces 1,100 job cuts
Economy

Starbucks asks office workers to stay home as it announces 1,100 job cuts

Posted on: February 25, 2025

Starbucks has announced a significant workforce adjustment, asking office workers to stay home and cutting 1,100 jobs. This decision comes amid broader strategic changes within the company. The […]

Theranos founder Elizabeth Holmes’ conviction upheld by US appeals court
Economy

Theranos founder Elizabeth Holmes’ conviction upheld by US appeals court

Posted on: February 25, 2025

The U.S. appeals court has upheld the conviction of Theranos founder Elizabeth Holmes, who is serving over 11 years for defrauding investors with false claims about her company’s […]

Starbucks to lay off 1,100 corporate workers amid turnaround attempt
Economy

Starbucks to lay off 1,100 corporate workers amid turnaround attempt

Posted on: February 25, 2025

Starbucks announced on Monday that it will lay off 1,100 corporate employees by Tuesday morning and eliminate hundreds of open roles. In a letter to employees, CEO Brian […]

Berkshire Shares Rise Amid Record Cash Pile, Buffett Maintains Conservative Stance
Economy

Berkshire Shares Rise Amid Record Cash Pile, Buffett Maintains Conservative Stance

Posted on: February 25, 2025

Berkshire Hathaway’s shares gained momentum as operating earnings surged, but the company’s investment gains from its portfolio slowed significantly in the fourth quarter, dropping to $5.2 billion from […]

Germany election – Complicated coalition negotiations ahead – economic outcome scenarios
Economy

Germany election – Complicated coalition negotiations ahead – economic outcome scenarios

Posted on: February 24, 2025

An early-week note from ING on the German election outcome highlights “Complicated coalition negotiations ahead.” ING concludes that fiscal policy will be shaped by trade-offs between tax relief, […]

Steve Cohen Warns of Slower Economic Growth and Potential Market Correction
Economy

Steve Cohen Warns of Slower Economic Growth and Potential Market Correction

Posted on: February 24, 2025

Billionaire investor Steve Cohen has warned of an impending slowdown in U.S. economic growth, coupled with a “significant correction” in the markets. Speaking at the Future Investment Initiative […]

Warren Buffett Shares Latest Investment Insights
Economy

Warren Buffett Shares Latest Investment Insights

Posted on: February 24, 2025

Known as the Oracle of Omaha, Warren Buffett has shared his latest insights on the stock market and business ownership in his recent shareholder letter. Buffett elaborated on […]

Apple to Add 20,000 US Jobs and Invest $500 Billion Amid Tariff Pressures
Economy

Apple to Add 20,000 US Jobs and Invest $500 Billion Amid Tariff Pressures

Posted on: February 24, 2025

Apple Inc. has announced plans to create 20,000 new jobs in the United States and begin producing AI servers domestically as part of its strategy to address tariff […]

Economy

Proposed Merger of Saipem and Subsea7 to Create Global Energy Services Leader

Posted on: February 24, 2025

Milan, Luxembourg, 23 February 2025 – Saipem and Subsea7 have announced an agreement in principle on the key terms of a potential merger through a memorandum of understanding […]

Bybit Funds on the Move, Could be Headed for Bitcoin Mixers ‘Next’: Elliptic
Economy

Bybit Funds on the Move, Could be Headed for Bitcoin Mixers ‘Next’: Elliptic

Posted on: February 24, 2025

North Korean hackers have begun laundering stolen funds from Bybit, with blockchain intelligence firm Elliptic tracking over $140 million in initial transactions aimed at obscuring the money trail. […]

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