Posts by Amelia Frost
Netflix to Lay Off Nearly 1,000 Employees Despite Global Expansion. Its Stock is Falling.
Netflix is laying off approximately 1,000 employees, or 6% of its global workforce, in its largest round of job cuts since 2022 even as the streaming giant continues investing billions of dollars in original programming, international productions and new entertainment ventures. The layoffs, announced Wednesday, will primarily affect the company’s product, technology, legal and human…
Read MoreBlackRock Assets Hit a Record $15.5 Trillion. Its Stock is Edging Down.
BlackRock attracted approximately $205 billion in new client funds during the third quarter, pushing its assets under management to a record $15.49 trillion as rising financial markets and strong investment inflows boosted earnings. The world’s largest asset manager reported a 25% increase in net income to approximately $1.66 billion for the three months ended September…
Read MoreMax-Hervé George Deepens SWI Group’s Push Into AI Infrastructure With US Expansion
Max-Hervé George is expanding SWI Group’s ambitions in digital infrastructure through a $500 million investment in Genesis Digital Assets Ltd. (GDA), a US-based operator of large-scale digital infrastructure facilities. SWI Capital Holding Ltd., the parent company of SWI Group, is listed on Euronext Amsterdam under the ticker symbol ‘SWICH’ and has a market capitalisation of…
Read MoreBank of America Fined $1.2 Billion After Failing to Flag $5 Billion of Potential Cartel Money. Its Stock is Sinking.
Bank of America allegedly failed to properly report more than $5 billion in suspicious financial transactions, including activity potentially connected to Chinese money laundering networks and narcotics trafficking along the U.S.-Mexico border, according to federal regulators who announced a $1.2 billion penalty against the banking giant on Tuesday. The U.S. Treasury Department said more than…
Read MoreHow Witney Carson Is Parenting Her Two (Soon to Be Three) Sons
The Dancing With the Stars pro and mom of three opens up about what’s getting her through this season of motherhood. Source link
Read MoreSpeculation About a Strike Against Iran This Month Grow. Netanyahu Said It’s ‘Not Convenient’ For Israel.
Israeli Prime Minister Benjamin Netanyahu said he doesn’t believe it’s convenient to strike Iran before the country’s elections later this month. “In my opinion, that is not convenient for us,” he said when speaking to Army Radio. The remarks, which are rare as the prime minister usually does not give interviews in Hebrew, follow a…
Read MoreInflation Came in Hotter Than Expected Last Month. Odds of a Fed Rate Hike In October Are Surging.
Odds of an interest rate hike by the Federal Reserve surged after September’s inflation read came in hotter than expected on Wednesday. Chances now stand above 49%, compared to 22.1% before the figures were released, according to the CME Group’s FedWatch tool. The Bureau of Labor Statistics noted that inflation gained 0.6% last month. The…
Read MoreAramco’s Headquarters Were Hit as Clashes With Houthis Escalate. Oil Prices are Edging up Again.
Oil prices are climbing on Wednesday after the headquarters of Saudi state oil giant Aramco were hit as clashes with Yemen’s Houthi rebels continue. Brent crude, the international benchmark, gained 0.58% and stood at $106.30 per barrel at 8:03 a.m. ET, while West Texas Intermediate, the U.S. benchmark, climbed 1.57% and clocked in at $95.62…
Read MoreElon Musk Becomes Biggest 2026 Midterm Donor: $276 Million Have Gone to Republican Groups.
Elon Musk has poured more than $276 million into Republican political organizations since July, making the Tesla and SpaceX CEO the largest known donor of the 2026 midterm elections, according to new figures. The extraordinary spending spree brings Musk’s known federal political contributions for the 2025-2026 election cycle to approximately $366 million, exceeding the roughly…
Read MoreCould Rogue AI Threaten The Global Banking System? Regulators Are Growing Increasingly Worried
Banking regulators in the United States and Europe are stepping up scrutiny of artificial intelligence systems amid growing concerns that rogue AI agents and sophisticated cyberattacks could disrupt financial institutions and threaten global financial stability. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) have been questioning…
Read MoreThese Jobs Pay Six Figures Without A College Degree. One Has Over 18,000 Openings a Year, Another Just 400.
Americans looking for a six-figure salary without a four-year college degree could find substantially more opportunities managing warehouses and supply chains than operating nuclear reactors, even though both careers offer median annual pay above $100,000. Transportation, storage and distribution managers earn a median salary of $107,230, with approximately 18,300 job openings projected annually through 2035.…
Read MoreDemocrats See Expanded Senate Map Ahead of Midterms as Trump Policies Create Headwinds for the GOP
The Senate map continues to expand for Democrats, opening up multiple potential routes to a majority. The Democrats need a net gain of four seats in the Upper House to win a majority. This was once thought a long shot given the Senate map and the number of races in deep-red states, like Texas and…
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