Australia raises rates to the highest in 18 years to fight inflation
The Australian central bank on Tuesday raised its key rate by 25 basis points, to 4.85%, its highest level since November 2008. The Reserve Bank of Australia’s decision was in line with the expectations of economists polled by Reuters and marked…
Black Friday 2026 Sales Dates and What to Expect
Black Friday is the biggest shopping event of the year for all major retailers. It’s also usually the best time to buy just about anything at a discount if you’re trying to save money. With the majority of these sales taking place online…
Disney to face more layoffs and divisions eye savings of up to 20%
The Walt Disney Company is setting the stage for further cuts, which could affect thousands of people. According to sources, the new round of layoffs will affect several divisions, including the television networks and the movie studio, at varying…
Intel Foundry Faces Critical Test After Stock Falls 45% in October
Lip-Bu Tan, CEO of Intel Corp., attends the company’s event in Tokyo, Japan on October 7, 2026. Akio Kon | Bloomberg | Getty Images As Intel After experiencing the biggest drop in its shares since the 1970s due to a deteriorating outlook for the PC…
Disney plans thousands of layoffs, with managers asked to cut 20%
(Bloomberg) — Walt Disney Co. is moving toward thousands of job cuts, with the entertainment giant asking some executives to aim for 20% annual savings, according to people familiar with the matter. Most read on Bloomberg The savings could come…
Dow Jones Futures: AI Trading Plunges as Apple Falls on Profits; Midterm elections Next
Futures on the Dow Jones Industrial Average and other major stock indexes traded mixed ahead of Tuesday’s open. On Monday, the Dow Jones industrials soared 278 points, but the artificial intelligence sector took a big hit with heavy losses. After…
Prediction Markets Kalshi and Polymarket predict Trump’s worst nightmare
Traders expect a resounding defeat for the Republican Party. President Donald Trump faces crushing humiliation on Tuesday if market forecasts prove true. Bettors on Kalshi and Polymarket overwhelmingly expect Democrats to win all seven key Senate races…
Intel stock slump deepens – and $3.7 trillion chip rout spreads
Wall Street on Monday largely brushed aside last week’s technological damage. Stockpiles of shavings continued to track mud into the house. About 7 in 10 stocks in the S&P 500 rose Monday, but almost all chip stocks fell and the group lost…
Half of Office Workers Describe Their Work as “Remote,” New York Fed Survey Finds
Many workers in the United States are now back in power most of the time and feeling more isolated than ever. A recent survey by New York Fed researchers finds that about half of gig workers do not describe a day-to-day experience on the job that meets…
Redeemer Health files for bankruptcy and Holy Redeemer Hospital in Abington will be sold or closed
Redeemer Health filed for Chapter 11 bankruptcy on Sunday, November 1. The Philadelphia Inquirer reported. According to their coverage, the health system’s board of directors has decided to sell or close its 239-bed Holy Redeemer Hospital in the…