T-Mobile to Cut About 7% of Staff, Mostly Corporate Roles
T-Mobile USA Inc. is cutting 7% of its staff, part of an effort to rein in costs as the company spends heavily to attract new subscribers in an increasingly competitive market.
Bloomberg Business
Shein and Forever 21 Become Frenemies With Investment Deal
Shein acquired a stake in rival fast-fashion retailer Forever 21 to expand its online offerings and establish a brick-and-mortar presence in the US.
The D’Amelios Go From TikTok to Their Own Family Business
Charli and Dixie D’Amelio gain greater control of their brand
US Gas Pipelines to Get New Rules After 2018 Deadly Blasts
The Biden administration is moving forward with new regulations for natural gas pipelines in response to a deadly series of explosions that tore through suburban Massachusetts in 2018.
OPEC May Need to Cut Again as Fragile Members Recover, Citi Says
OPEC’s core members may need to consider further production cuts as some of the group’s most troubled nations achieve unexpected supply growth, according to Citigroup Inc.
Nvidia Is Growing Its Way Into a Cheaper Valuation
Investor concerns about Nvidia Corp.’s scorching valuation are being eased every time the chipmaker reports earnings.
Zimbabwe Vote Continues for Second Day After Delays Dog Process
Voting in Zimbabwe continued for a second day in some areas on Thursday after delays and logistical problems prevented some people from casting their ballots.
Dollar Tree’s Forecast Falls Short of Estimates on Rising Cost Pressures
Dollar Tree Inc.’s third-quarter earnings forecast fell short of analyst estimates as the company contends with challenges such as higher wages and a less profitable sales mix, one year after introducing a higher price point.
Vanguard Wannabe Faces SEC Battle to Mimic Tax-Slashing Funds
Vanguard Group’s best-of-both-worlds stranglehold over the money-management industry is facing a new kind of challenger.
RBC Plans to Cut Jobs as CEO McKay Vows to Rein in Expenses
Royal Bank of Canada said it plans to cut as much as 2% of its full-time equivalent staff in the coming quarter after a surge in expenses weighed on third-quarter results.