Turo hits rough road and cuts a wide swath of jobs

The company says it will cut 2,200 jobs this year on its way to shedding $1.5 billion in costs by the end of next year......»»

General Motors Co's self-driving car unit Cruise told staff on Thursday it has decided to lay off workers, the latest start-up in the nascent industry to cut jobs during the coronavirus pandemic......»»

Airbnb Inc is laying off 25% of its workforce, or nearly 1,300 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill......»»

US Services Sector Slump Hits 3-Year Lows, Worst Jobs Cuts Since 2009 US Manufacturing surveys (PMI and ISM) both agreed that October saw a modest rebound (despite ISM still in contraction) and analysts expected Services survey.....»»

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela, and strong U.S. jobs data......»»

Oil prices rose to five-month highs on Monday, driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and healthy U.S. jobs data......»»

If the U.S. GDP hits 3%, the 2017 Tax Cuts and Jobs Act will pay for itself, the Treasury secretary said......»»

Sales of diesel cars have hit a road bump in many European countries as regulators and politicians crack down on the segment with plans for bans, levies and additional taxes in many cities.....»»

SeaWorld Entertainment Inc. said Tuesday that it is implementing a company-wide restructuring that will result in 125 job cuts. "For those employees who will .....»»

In local news: Another 101 employees in the Charlotte region are losing their jobs as Wells Fargo & Co. (NYSE: WFC) continues to trim its slowing mortgage business. News reports from multiple cities indicate the local cuts are part of a national dow.....»»

NBCNews.comAfter General Motors layoffs, more bumps ahead for US auto industryNBCNews.comThe president said the jobs were "all coming back," but there's more rough road ahead for U.S. auto industry, analysts warn. "If I'm elected, you won'.....»»

Big Blue is cutting more than 300 jobs in Durham, news disclosed just days after the announced sale of its Seterus mortgage serving platform. A layoff notice to the state notes that the 3039 Cornwallis Road facility will “permanently” close, .....»»

Harley-Davidson Inc. expects a slow start to the year, and didn’t do so well last year either. In the afternoon, all eyes will be on Apple’s results, though some of the suspense is gone......»»

On Friday, U.S. stock markets surged as a softer jobs report reinforced the argument for Fed rate cuts. The Nasdaq led with Apple's buyback news. read more.....»»

15 large-cap stocks had a rough week, with CVS, Starbucks, and DoorDash all taking major hits. Analysts have lowered price targets on many. read more.....»»

"The case for rate cuts got a little stronger today. Goldilocks could be making a comeback," TradeStation market strategist David Russell said. REUTERS/Brendan McDermidUS stocks .....»»

Friday's jobs report was a 'Goldilocks' print: Not weak enough to ring stagflation bells, but not strong enough to block rate cuts. Business Insider Friday's jobs report has stamped out worry of a stagflationary economy. Fear.....»»

Tax legislation will be a hot topic for individuals and entities in the health care industry during the upcoming election. While future legislation may be unpredictable, several provisions of the Tax Cuts and Jobs Act (TCJA) will sunset on Dec. 31.....»»

"Tesla prices must change frequently in order to match production with demand," Tesla CEO Elon Musk said on Sunday via X. Justin Sull.....»»

Nike plans to cut 740 jobs at its Oregon headquarters amid revenue decline predictions, following a larger cost-saving initiative. read more.....»»