UPS to lay off 12,000 workers 5 months after agreeing to massive pay raise with union, stock price plummets
united parcel service announced On Tuesday, the company announced it would lay off 12,000 workers, just five months after it celebrated agreeing to a big union-negotiated pay increase for its drivers. “We’re aligning our organization to our strategy and aligning our resources to what’s really important,” CEO Carol Thome said on a conference call. He […]
Tesla loses $50B in value as stock plummets following Q4 earnings
Tesla stock fell more than 9% in early trading on Wall Street on Thursday, a day after the world's most valuable electric car maker reported flat fourth-quarter profits and warned of growth in 2024. A total of $50 billion was blown away. It can be significantly lower. ” Chief Executive Officer Elon Musk, who owns […]
Dr Martens’ revenue plummets by a fifth as US sales plunge | Dr Martens
Dr Martins said its sales fell by nearly a fifth in the last three months of 2023 as US sales continued to decline and inflation-weary consumers continued to rein in spending. . The British bootmaker said in a trading update on Thursday that third-quarter sales were down 18% to £274m, and like many retailers it […]
Dying CNN’s Iowa Caucus Viewership Plummets 61% Compared to 2020
The first political primary of the 2024 presidential election, again starring Donald Trump, barely topped 700,000 viewers on CNN. total Average number of viewers in prime time (707,000 to be exact). If my calculations are correct, between 8 and 11 p.m. ET, when CNNLOL was broadcasting that particular Iowa caucus, the network averaged just 689,000 […]
Viewership Plummets to Record Low of 4.3M
Did you miss Monday's Emmy Awards? You're not alone. The Emmy Awards ceremony was a ratings disaster, with preliminary figures showing Monday's live broadcast on Fox hit an all-time low of 4.3 million viewers. While the final tally may be slightly higher, the night was an undeserved disaster for Emmy producers who were hoping for […]
Biden approval rating plummets to 15-year low, poll finds
According to the latest ABC News poll, President Biden's approval rating has plummeted to the lowest ever for a US president in the past 15 years. Biden's approval rating stands at just 31%, according to a national survey produced for ABC by Langer Research Associates and conducted by Ipsos Public Affairs with fieldwork through an […]
Radio giant Audacy files for bankruptcy as advertising plummets
Laura Martin, Senior Media and Internet Analyst at Needham & Company, discusses Netflix's wild trading range ahead of earnings in “Making Money.” Radio giant Audacy has filed for bankruptcy protection after falling advertising revenue. The Philadelphia-based company, which oversees major podcast and radio businesses and acquired CBS Radio, filed for Chapter 11 in U.S. Bankruptcy […]
Mortgage demand plummets again despite drop in interest rates
FOX Business Correspondent Madison Alworth explains how high mortgage rates and “Barney & Company” home prices are delaying the American Dream for many first-time homebuyers. Despite mortgage interest rates dropping significantly throughout December, the number of home purchase applications, a key indicator, slumped over the holidays. Mortgage Bankers Association (MBA) Index Applying for a mortgage […]
Biden’s Hispanic support plummets with disgruntled voters
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