Business

Verizon Communications is planning to cut up to 15,000 jobs this month as new Chief Executive Dan Schulman launches an aggressive cost-cutting drive to make the company leaner. The cuts, expected to begin as soon as next week, will primarily impact non-unionized positions across all segments of the company, a source familiar with the matter told FOX Business. Rich Young, a spokesperson for Verizon, said nothing has been finalized and that the […]

New York Attorney General Letitia James threatened to take Condé Nast to court over the "Fired Four" on Wednesday night during a union rally outside the company’s World Trade Center headquarters. Condé Nast angered the NewsGuild of New York last week by firing four employees after they confronted the company’s HR chief outside his C-suite office to "demand answers" on recent layoffs at WIRED and Teen Vogue. The Guild blasted the firings as "grossly […]

The longest government shutdown in history has impacted the release of several key economic reports, including October inflation numbers that were due to be released on Thursday, leading to an increased focus on other gauges like those operated by the Federal Reserve.The Labor Department was scheduled to release the October consumer price index (CPI) on Thursday, but the report is delayed, and it's uncertain when or if the report will be released.While […]

Traders on prediction market platforms Kalshi and Polymarket are betting on the odds of New York City Mayor-elect Zohran Mamdani's deportation by the end of the year.It’s considered a long shot, but the fact that traders are wagering on it at all is striking.Mamdani, elected Nov. 4 to lead the nation’s largest city, steps into power with a mandate to transform New York and a growing chorus of detractors watching […]

Ford Motor Company has unveiled a new way to experience one of America’s most iconic cars.The automaker on Saturday opened "American Icon: A Mustang Immersive Experience," a limited-time installation in Los Angeles that features visual effects and Hollywood vehicles to celebrate six decades of the Mustang.Inspired by popular immersive art exhibits, the experience takes visitors through a sensory journey of the Mustang’s history and cultural impact, according to Ian Cohen, […]

The more I think about this outrageous, stupid, and pointless Schumer shutdown, the more I can see that this never had anything to do with Obamacare, or healthcare, or anything like that. This had to do with pathetic Democratic attempts to sabotage the booming Trump economy and the extraordinarily successful Trump Presidency. That’s what they were doing. Political sabotage. And it backfired badly, probably ending Chuck Schumer’s career. And who […]

Sonder announced Monday it is immediately winding down operations and plans to file for bankruptcy, just one day after Marriott International terminated its licensing agreement with the hospitality company.The short-term rental operator, which offers apartment-style accommodations and boutique hotel stays, said it intends to file for Chapter 7 bankruptcy protection amid "severe financial constraints" linked to challenges integrating its systems with Marriott International."Unfortunately, our integration with Marriott International was substantially […]

Disney's ongoing carriage dispute with YouTube TV is costing the entertainment giant tens of millions of dollars per week, according to an analysis by a Wall Street leader.YouTube TV customers have lost access to ABC and ESPN amid the dispute with Disney, the parent company of those media brands, with the blackout entering its 13th day on Wednesday.An analysis by Morgan Stanley estimated in a research note released Sunday that the impact […]

With grocery budgets still under pressure, consumers can still stretch their dollars and keep holiday meal costs down, according to Wells Fargo’s latest Thanksgiving report.The report led by chief agricultural economist Michael Swanson estimated that shoppers who choose all private-label items for their Thanksgiving meal will spend about $80 for a feast serving 10 people. Those who stick to name brands will pay nearly $100, according to the report, which […]