Corporate News
Mergers, acquisitions, earnings surprises, CEO moves, bankruptcies, layoffs, and major business developments that affect markets and jobs.
Latest in Corporate News
Rivian paid CEO RJ Scaringe $403M in 2025 despite losses
RJ Scaringe founded Rivian Automotive more than a decade ago on a bet that electric trucks and SUVs could compete with the biggest names in...
Southwest extends flight schedule and joins IATA schedule data program
Southwest Airlines quietly did two things in late April 2026 that, taken together, signal the carrier is rethinking how the rest of the travel industry...
Amazon to shutter Homestead, FL, warehouse for 2 years; 600+ affected
More than 600 workers at an Amazon warehouse in Homestead, Florida, will be out of a job when the facility shuts down on July 2,...
JPMorgan adds 400 Charlotte jobs with new 145,000-sq.-ft. SouthPark office
JPMorgan Chase is planting another flag in Charlotte. The nation’s largest bank by assets has leased 145,000 square feet of office space in SouthPark, a...
Ford builds record U.S. volume but still posts an $8.2B loss
Ford Motor Co. delivered more vehicles to American buyers in 2025 than in any year in the company’s 122-year history. It also lost $8.2 billion....
Tesla beat Q1 estimates but stock fell 3.6% after Musk revealed a $25 billion capex plan for AI and robotics — triple last year’s spending
Tesla’s first-quarter results cleared Wall Street’s bar, but the stock still dropped 3.6 percent on April 23, 2026, after Elon Musk told investors the company...
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 Q1 2026 revenue of $24.6 billion and diluted earnings per share of $3.06, its strongest top-line quarter in roughly a decade. The results,...
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...