NBC News Layoffs 2025: 150 Jobs Cut Ahead of Major Corporate Split
NBC News has laid off roughly 150 employees—7% of its workforce—as it restructures ahead of a major corporate split from MSNBC and CNBC.
Business
Business
Business, Economy
Penny Pinched Out: How the U.S. Penny Phase-Out Is Quietly Reshaping Your Checkout Experience
As the U.S. Treasury phases out the penny in 2026, retailers are rounding cash transactions to the nearest nickel—reshaping how Americans pay and sparking debate over fairness and financial inclusion.
Business, Lifestyle
Derek Rose, the King of Luxury Pajamas Worn by Royals and Rockstars, Dies at 93
Derek Rose, the legendary British designer who made luxury pajamas a must-have for celebrities and royalty, has passed away at the age of 93.
Business, International
U.S. Government Takes Control of Key Companies to Counter China’s Rare Earth Dominance
Treasury Secretary Scott Bessent announced a bold new industrial policy: the U.S. government is taking stakes in strategic companies to break China’s grip on rare earth minerals and advanced tech supply chains.
Business, International
Stellantis Dumps Canada Plant Plans—Blames Trump Tariffs for U.S. Shift
Faced with Trump’s 25% tariffs on Canadian vehicles, Stellantis abandons its Brampton, Ontario factory plans and moves Jeep Compass production to Illinois—costing Canadian jobs and igniting political fallout.
Business, Economy
Is the Fed Too Confident About Inflation? Experts Sound the Alarm
As the Federal Reserve touts progress on inflation, leading economists caution that underlying price pressures and labor market fragility could upend its optimistic outlook.
Business, Economy
Bank CEOs Sound Alarm Bells Despite Record Profits — Here’s What Jamie Dimon Fears
Wall Street banks report stellar third-quarter results, but CEOs—including JPMorgan’s Jamie Dimon—are sounding alarms about hidden systemic risks.
Business, Economy
Stellantis Drops $13 Billion Bombshell on U.S. Auto Industry—What’s in the Plan?
Stellantis is investing $13 billion in U.S. manufacturing over four years, creating 5,000 jobs and launching five new vehicles—including EVs and gas-powered SUVs.
Business, Economy
IMF Warns: Global Growth Slows as New Tariffs Threaten Economic Stability
The IMF has downgraded global growth forecasts for 2025 and 2026, warning that new U.S. tariffs and trade tensions with China could trigger inflation and economic fragmentation.
Business, Technology
GM Takes $1.6 Billion Hit as Electric Vehicle Sales Stall — What Went Wrong?
General Motors announces a $1.6 billion earnings hit due to slowing electric vehicle demand, asset write-downs, and the abrupt end of federal EV tax credits.