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Nike on Thursday said it would cut around 1,400 jobs in its global operations, the latest efforts to shrink staff as the sneaker-maker's turnaround efforts remain in flux and as it tries to bring new products to shelves more quickly.
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S&P 500 climbs to fresh record high as chip stocks outperform: Live updates CNBCStock market today: Dow, S&P 500, and Nasdaq slide as oil rises amid Hormuz standoff Yahoo FinanceWall St muted as Middle East impasse, mixed earnings hurt sentiment ReutersStocks cut opening losses, trade little changed as U.S.-Iran tensions remain high Investing.com
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Meta to lay off 8,000 as part of AI efficiency push AxiosMeta Tells Staff It Will Cut 10% of Jobs in Push for Efficiency Bloomberg.comMeta to cut 10% of staff as it pours billions into AI CNNMeta will cut 10% of workforce as company pushes deeper into AI CNBC
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2026 NFL Draft buzz: Chiefs, Saints among teams who could trade up in Round 1 NFL.comRenner's final 2026 NFL mock draft: Cowboys storm into top 10, Giants load up with third first-rounder CBS Sports2026 NFL draft intel, notes: What Adam Schefter is hearing ESPNNFL mock draft 2026: We prompted AI to predict the 1st round. Here are its picks Yahoo Sports
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It's a precarious time for the airline sector, as a surge in fuel costs due to the Iran conflict is forcing carriers to cut capacity.
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Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. It's the second round of cuts this year.
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Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
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