Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’
Job cuts are expected to hit one of the world’s largest telecommunications companies just over a month after crowning its new CEO.The company also plans to shift about 200 stores…
Crypto market plunges as Bitcoin falls below $97,000
The crypto market’s dip comes amid sentiment that a December rate cut from the Federal Reserve is growing less likely. Lower interest rates are typically a spur for crypto speculation.The…
Meet Pete Skandalakis, the new prosecutor taking over for Fani Willis on the Georgia election case against Trump, Giuliani, and 13 other defendants
“Several prosecutors were contacted and, while all were respectful and professional, each declined the appointment,” Skandalakis said in an emailed statement.He said he could have let the deadline pass or…
Anthropic rushes to prove its AI isn’t ‘woke’—and subtly throws rivals under Trump’s neutrality bus
The company also released a new automated method for measuring political bias and published results suggesting its latest model, Claude Sonnet 4.5, outperforms or matches competitors on neutrality.That scrutiny appears…
Trump’s tariffs are a $29 billion tax on Americans’ holiday shopping bills, Lending Tree says
LendingTree’s study reveals that at current rates, tariffs would have raised the overall cost of 2024 winter holiday gift shopping by $40.6 billion. Crucially, $28.6 billion—over 70% of this increase—would…
Term Sheet Next: Erica Wenger on elephants, branding in VC, and her first fund
Erica Wenger will take an elephant over a unicorn, every time. “The more I thought about it, the more I realized I was against much of the unicorn obsession,” she said.…
There’s still ‘no evidence’ China is buying all the U.S. soybeans it promised under Trump’s trade deal amid oversupply from South America
With just one and a half months to go before the year ends, China still hasn’t ramped up purchases of U.S. soybeans under a trade agreement made with President Donald…
This ‘hidden’ career path is in dire need of more workers—and it can pay Gen Z over $300,000 with no degree required
“There’s a very acute shortage in our country today of aviation mechanics,” Pfaff told Fortune. “We have on average about half the number of trained certified mechanics that we need.”“The…
Walmart CEO Doug McMillon to retire at 59 years old
John Furner, currently head of Walmart’s U.S. operations, will succeed McMillon as president and chief executive officer starting Feb. 1, 2026. Furner was also elected to the company’s Board of directors, effective immediately. McMillon will remain on the…
British billionaire Joe Lewis, former Tottenham Hotspur owner, pardoned by Trump for insider trading and conspiracy crimes
Lewis, 88, had requested a pardon so he could receive medical treatment and visit his grandchildren and great grandchildren in the United States, according to a White House official who…
