Tag Archives: Corporate

Last month, AT&T CEO John Stankey sent an unusually blunt memo to his staff. There was a lot in his 2,500-word missive, but one part really stood out to me. “Some of you may have started your tour with this company expecting an ’employment deal’ rooted in loyalty,” Stankey said. “We have consciously shifted away from some of these elements.” …

A Starbucks coffee shop in New York on Monday, July 28, 2025. Starbucks Corp. is closing stores and laying off 900 corporate employees as part of a turnaround strategy. Bloomberg/Bloomberg via Getty Images/Bloomberg hide caption toggle caption Bloomberg/Bloomberg via Getty Images/Bloomberg Starbucks plans to cut another 900 corporate jobs and close some of its stores in the U.S. and Canada, …

Real gross domestic product (GDP) increased at an annual rate of 3.8 percent in the second quarter of 2025 (April, May, and June), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.6 percent (revised). The increase in real GDP in the second quarter primarily reflected a decrease in …

Oracle is reportedly looking to raise funds just weeks after the company inked a historic AI infrastructure deal with OpenAI.   Cloud infrastructure giant Oracle is looking to raise $15 billion through corporate bond sales, according to reporting from Bloomberg, citing sources. The sale could include up to seven different parts, with the potential for one said part to be an uncommon 40-year bond, Bloomberg reported.   TechCrunch reached out to Oracle for more information.   …

Trump’s $100,000 H-1B Visa Fee Sets Off Scramble Across Corporate America  The Wall Street Journal Trump’s $100,000 H1-B Visa Fee Spurs Confusion and Chaos for Companies  The New York Times Trump’s Pricey H-1B Visas Rattle Prospects Seeking to Work in US  Bloomberg.com H-1B: Man spent $8,000 on flights to get back to the US after visa fears  BBC Read the Memos Sent to Big …

President Donald Trump’s $100,000 fee for H-1B visas sowed mass confusion and panic among top U.S. companies overnight, forcing the White House to clarify the requirements. On Saturday, press secretary Karoline Leavitt took to X to explain which visa holders the fee applies to and when. “This is NOT an annual fee,” she said. “It’s a one-time fee that applies …

‘Everything’s up for examination’: SEC’s Atkins plots a new era for corporate America  Politico Trump can fire me if he wants, Wall Street’s top cop says  politico.eu 3 Ways Crypto Firms Gain from SEC Corporate Disclosure Shakeup Backed by Paul Atkins  Yahoo Finance Watch CNBC’s full interview with SEC Chairman Paul Atkins  MSN Source link

When the history of this era is written, there will be much to say about the behavior of large corporations. And none of it will be good. As the Trump administration has ramped up its assault on American democracy, many corporations have chosen to look the other way or to curry favor with the president. They have fired employees who …

OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion equity stake in its for-profit corporation. The maker of ChatGPT said it had reached a new nonbinding agreement with Microsoft, its longtime partner, “for the next phase of our partnership.” The announcements on Thursday include …

OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion equity stake in its for-profit corporation. The maker of ChatGPT said it had reached a new nonbinding agreement with Microsoft, its longtime partner, “for the next phase of our partnership.” The announcements on Thursday include …