American Express to cut about 5% of its workforce to "prepare for AI", even as profits beat forecasts
The card company is taking a $336 million charge for its first major round of job cuts in about a decade.
Newsheir Staff1 min read
Topic
Economy
Growth, jobs, prices and the forces shaping household finances.
4 stories
BusinessExplainer
Fed decision: markets expect a pause, but Warsh's inflation fight keeps a hike on the table
After September's surprise rate rise, traders see a hold this week as likely and another increase by December as probable. Here's what it means for borrowers and savers.
Newsheir Staff1 min read
Lula wins fourth term in Brazil, becoming the first candidate to overturn a first-round defeat
Luiz Inácio Lula da Silva beat Flávio Bolsonaro by about 4.3 million votes. Bolsonaro says he won't accept the result, and markets fell on fiscal worries.
Newsheir Staff1 min read
Anthropic files to go public on Nasdaq, setting up what could be the biggest IPO yet
The maker of Claude has published its S-1 registration statement, but has left the price, share count and size of the raise blank for now.
Newsheir Staff1 min read