Corporate News
Mergers, acquisitions, earnings surprises, CEO moves, bankruptcies, layoffs, and major business developments that affect markets and jobs.
Latest in Corporate News
Netflix co-founder Reed Hastings exits after 29 years — stock drops 10% as growth concerns mount
Reed Hastings co-founded Netflix in 1997 with a simple bet: Americans would rent DVDs by mail if someone made it easy enough. Twenty-nine years, a...
Bank of America posts highest EPS in nearly two decades — $1.11 per share, net income up 17%
Bank of America reported first-quarter 2026 earnings of $1.11 per diluted share, what the bank called its strongest quarterly result in nearly two decades, driven...
Goldman Sachs shifts from annual big-bang layoffs to rolling performance-based cuts — phased through summer, begins this month
Goldman Sachs has begun rolling out a new approach to workforce reductions this month, replacing the annual mass layoff that Wall Street employees have braced...
HSBC cutting 20,000 positions (10% of global workforce) — the largest banking layoff of 2026
Roughly 20,000 people who work for HSBC may soon learn their jobs are being replaced by artificial intelligence. That is the scale of workforce reductions...
Citigroup posts highest quarterly revenue in a decade — $24.6B on $3.06 EPS
Citigroup reported first-quarter 2026 revenue of $24.6 billion and diluted earnings per share of $3.06, its strongest top-line quarter in roughly a decade and a...
Disney streaming now earns $450 million per quarter: what it means for investors
Walt Disney’s long and expensive push into streaming has finally crossed a milestone that investors have waited years to see. The company’s streaming division generated...
Why Berkshire Hathaway is sitting on a record $373 billion cash pile in 2026
Berkshire Hathaway ended 2025 with roughly $373 billion in cash, Treasury bills, and cash equivalents, which is the largest liquidity position in the company’s history....
Amazon, Block, and Citigroup cut over 40,000 jobs as 2026 layoffs accelerate
Layoffs are accelerating across major U.S. companies as 2026 begins, with Amazon, Block, and Citigroup eliminating or planning to eliminate more than 40,000 jobs combined...