Paid summer internships plunge as major US banks, companies trim costs
Wall Street banks and other large companies are cutting paid summer internships in an effort to cut costs, reportedly increasing competition for the few attractive jobs that remain. Goldman Sachs is hiring 200 fewer summer analysts this year than it will for 2023, while JPMorgan is cutting its summer analyst class by 600, more than […]
Ryanair profits plunge by nearly half amid lower summer fares | Ryanair
Ryanair said its profits almost halved between April and June and warned that fares this summer will be “significantly lower” than last year. Europe’s largest airline announced a spring quarter profit of 360 million euros (303 million pounds), down 46% from the same period last year, despite passenger numbers rising 10% to 55.5 million. The […]
CloudStrike shares plunge 10% as global IT outage prompts mass chaos: ‘A major black eye’
Shares of cybersecurity giant CrowdStrike Inc. plunged 10% to $307.65 per share in trading on Friday after a flawed software update caused shocking mass shutdowns at businesses around the world. CrowdStrike CEO George Kurtz issued a hasty apology for the crisis, which affected millions of customers who use Microsoft Windows and disrupted airlines, banks, hospitals […]
Computer chip stocks plunge as Biden trade controls, Trump’s Taiwan remarks rattle investors
Shares of major computer chip makers including Nvidia and TSMC continued to fall on Thursday as warnings from both President Biden and Republican nominee Donald Trump rekindled geopolitical concerns among investors. The sell-off came after the Biden administration threatened to impose tough limits on foreign chipmakers’ exports to China and after former President Donald Trump […]
Will Xi Jinping’s ‘End of Days’ Plunge China and the World into War?
Estimated Reading Time: 4 minutes Xi Jinping, China’s mighty-looking leader, has an “enormous array of domestic enemies.” — Gregory Copley, president of the International Strategic Studies Association and editor-in-chief of Defense & Foreign Affairs Strategic Policy, to Gatestone Institute, February 2022. When truckers took over Canada’s capital, Ottawa, and shut down border entry points […]
Delta shares plunge after lower-than-expected profit forecast despite surge in travel
Delta Air Lines shares fell more than 5% on Thursday after the airline forecast weaker-than-expected quarterly profit despite a surge in travel demand this summer. Atlanta-based airline Delta forecast adjusted earnings per share of $1.70 to $2.00 for the third quarter ending in September, below analysts’ expectations of $2.05, and blamed discounting pressures at the […]