HSBC Launches $1.8B Restructuring Plan to Cut Costs and Boost Returns
HSBC unveils $1.8B in restructuring costs as new CEO aims for leaner operations. Profit jumps but big layoffs loom to boost returns.
HSBC unveils $1.8B in restructuring costs as new CEO aims for leaner operations. Profit jumps but big layoffs loom to boost returns.
Nikola’s rapid rise ends in Chapter 11. The EV truck maker aims to sell core assets as funding dries up.
KFC is moving its US headquarters from Louisville, Kentucky to Plano, Texas, a decision that will affect roughly 100 employees in the next six months and require another 90 remote workers to relocate within 18 months. The change is part of Yum! Brands' strategic effort to tap into more favorable market conditions.
A proposal circulating online suggests that U.S. taxpayers might soon receive a one-time payment of $5,000, funded by significant savings from the Department of Government Efficiency.
Have you ever wondered why some businesses communicate effortlessly with their customers while others struggle? The secret might be in the tools they use. Voice over Internet Protocol (VoIP) is more than just a way to make calls, it’s a powerful marketing asset that can help businesses increase revenue, improve customer engagement, and streamline operations.
Building a strong photography brand is essential for standing out in a competitive industry. A well-crafted brand helps you attract clients and establishes your reputation as a professional photographer. Whether you specialize in portraits, fashion, or commercial work, branding is what sets you apart and makes your work recognizable.
Facebook remains one of the top platforms for individuals, businesses, and brands to connect with a massive global audience. However, with growing competition and millions of users, gaining followers can be challenging. Thankfully, there are several powerful tools that can help you grow your followers steadily over time. These tools assist with content creation, scheduling, performance tracking, and audience targeting, helping you improve your strategy and expand your reach.
Business operations alongside individuals spend their time searching for digital instruments which help them improve their internet presence and organizational efficiency. Plixi reviews say that the service stands as one platform which has started to receive significant notice from users. Plixi stands as an advanced digital service which has received substantial evaluation through public discussions about its capabilities. The assessment evaluates Plixi by delving into its operational features together with benefits and limitations and final assessment.
Spotify is set to launch a new premium tier, potentially adding up to $5.99 per month on top of current subscription fees. Dubbed Music Pro, this service is expected to roll out later this year and will offer high-fidelity audio, innovative remixing tools, and exclusive access to concert ticket opportunities.
Christopher Nolan’s next film adapts Homer’s The Odyssey, starring Matt Damon as Odysseus. The epic journey lands in theaters July 17, 2026.
Elon Musk’s xAI launches Grok 3, a “scary-smart” chatbot powered by 100,000 Nvidia H100 GPUs and advanced training methods, promising fewer AI errors and seamless integration with X (formerly Twitter). Learn how Grok 3 elevates chatbot technology.
Apple has hinted at an upcoming product launch on February 19, sparking widespread speculation that the iPhone SE 4 could finally make its debut. CEO Tim Cook’s cryptic post on social media referred to a “newest family member,” though no specific product name was mentioned.
Apple has joined forces with Alibaba to enhance AI-powered features on iPhones in China, securing a crucial partnership amid growing competition. This deal positions Alibaba as a dominant force in the Chinese AI sector while helping Apple address its declining smartphone sales in the region.
Joann is closing 500 stores in bankruptcy, citing inventory woes. The chain aims to right-size operations for future survival.
eCommerce sales grew by 40% in 2024. Experts predict this growth will continue through 2026. Today's online market requires more than good products - businesses need strong marketing to succeed. Email marketing delivers high ROI for eCommerce companies, so it’s only natural that we take a look at the best eCommerce email marketing agencies.
Marketing is the backbone of any business. According to research by GE Capital Retail Bank, 81% of consumers conduct online research before purchasing. It means that businesses need to develop a robust online presence that engages and supports customers along the way.
Nowadays, it is not uncommon that even the smallest of businesses depend on the software to manage operations, track data, and engage with customers. As software itself comes to life as a service through cloud computing and software as service (SaaS) models, companies have truer reasons than ever for selecting tech solutions.
Duolingo has stirred up the internet with a cryptic announcement declaring the unexpected “death” of its mascot, Duo the Owl. The language-learning platform shared the news in a tongue-in-cheek social media post, leaving fans both amused and confused.
Push notifications allow for effective audience targeting and are gaining popularity in internet marketing. Click here to learn more about the key features, types, and benefits of this marketing approach.
January inflation surged to 3%, topping forecasts. Core prices rose too, straining budgets and fueling Fed policy debate.
Testing app ideas effectively can make the difference between success and redundancy for a startup app development company. In niche markets, precision is paramount, and so is minimizing developmental risk to optimize resource management. Navigating niche markets requires a keen understanding of the audience's unique needs. This is where the MVP approach becomes an invaluable strategy for startups.
While it's true that everyone makes mistakes occasionally, there are some that professionals and business owners can't afford. Among these would be the careless handling of confidential company data and information. The corporation and all parties concerned stand to lose a lot of money if you do not secure this sensitive data.
Google is rolling out a name change for the body of water along America’s southern coast, swapping “Gulf of Mexico” with “Gulf of America” in its Maps app. The update follows an executive order signed by President Trump on his first day in office, directing federal agencies to officially rename the region on all U.S. government maps.
Musk’s $97.4B OpenAI bid sparks Altman’s “no thanks.” The ex-cofounders’ rivalry intensifies as the AI giant eyes a for-profit future.
Meta poaches OpenAI, DeepMind stars for a 50-engineer Superintelligence Lab aimed at building next-gen multimodal AI beyond today’s chatbots.
In a surprising pivot, Apple is reportedly exploring partnerships with OpenAI and Anthropic to power a revamped version of Siri, marking a significant reversal in its AI strategy.
Lululemon is taking Costco to court, accusing the retail giant of selling clothing that mimics its signature styles too closely. In a lawsuit filed in California, the activewear brand claims that Costco has been profiting from “confusingly similar” designs, including pants, hoodies, and jackets.
Jeff Bezos and Lauren Sánchez are officially married, exchanging vows on June 27, 2025, in a glamorous black-tie ceremony on the island of San Giorgio Maggiore in Venice, Italy.
Trump freezes Canada trade talks over digital tax, threatens new tariffs in a week; Ottawa vows to keep negotiating despite mounting pressure.
Uber may team up with its ousted founder Travis Kalanick to back his bid for Pony.ai’s U.S. division. The move reflects rising pressure from Waymo, Tesla, and others as robotaxi competition heats up in major U.S. cities.
S&P 500 nears a record, Dow jumps 404 points, and AI darlings keep tech roaring as tariffs fade from center stage—will July’s Fed call seal the rally?
Nippon Steel’s $14.9 B U.S. Steel buyout gives Trump a golden share—veto power on plant closures and offshoring—while future presidents defer to agencies.
Tesla executive Omead Afshar, a close Elon Musk ally, has left the company as part of broader restructuring efforts. His departure comes amid slumping demand, a pivot to AI, and rising executive turnover.
Ontario regulator fines Great Canadian Casino $350K after surprise EDM after-party sparks fights, overdoses and slot-machine acrobatics.
After nearly four decades at the helm of American Vogue, Anna Wintour is stepping down as editor-in-chief. She made the announcement during a staff meeting, revealing that a new “head of editorial content” will take over U.S. operations.
Intel is preparing for a significant shift. Starting July 15, the tech giant will lay off 10,000 employees across four Santa Clara locations, including its headquarters on Mission College Boulevard.
Tentative deal ends 17-day Canada-wide DHL lockout; 2,100 Unifor couriers and warehouse staff poised to vote on wage, workload, security gains.
Deloitte sees a shallow 2025 recession, then growth as tariff fog clears and Canada’s new “One Economy” reforms spark investment.
Spirit Airlines has officially filed a complaint against the proposed “Blue Sky” alliance between JetBlue and United Airlines. The low-cost carrier argues that this partnership would give United too much power and turn JetBlue into a follower, reducing competition in key cities like New York and Boston.
McDonald’s and Krispy Kreme are officially ending their U.S. donut partnership by July 2025, citing rising costs and limited rollout success. Originally announced in March 2024, the deal aimed to bring Krispy Kreme donuts to all 14,000 McDonald’s locations, but the treats only made it to 2,400 stores nationwide.
Real estate brokerage Compass is taking Zillow to court, accusing the listing giant of stifling competition with a new policy requiring public home listings to appear on Zillow within 24 hours.
Governor Kathy Hochul has announced plans to build New York’s first new nuclear power plant since 1989, aiming to strengthen the state’s clean energy infrastructure. The proposed facility would be a next-generation, zero-emission plant located in upstate New York, producing at least one gigawatt of electricity.
Botpress lands $25 M to ramp up its cloud platform for enterprise AI agents, hiring fast and targeting global rollouts beyond prototype chatbots.
Judge okays Ruby Liu’s $6 M purchase of three Hudson’s Bay leases, first step in her plan to launch modern department stores across Canada.
Klarna jumps into wireless: $40 unlimited 5G, instant eSIM setup, zero hidden fees—U.S. first, U.K./Germany next.
Lululemon is cutting approximately 150 corporate roles, primarily from its store support centres, as part of a broader restructuring effort to stay agile amid shifting global trade dynamics.
UBS's 2025 Global Wealth Report reveals that over 379,000 Americans became millionaires in 2024—more than 1,000 each day. Driven by strong markets and a stable U.S. dollar, the U.S. now accounts for nearly 40% of the world's millionaires, with global wealth up 4.6%.
Kirkland’s is rebranding as The Brand House Collective to lead a new multi-brand retail strategy. With Bed Bath & Beyond, Overstock, and buybuy Baby under its umbrella, the company plans store conversions, leadership changes, and a bold retail transformation in 2025.
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