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Month: January,2026

Amazon slashes another 16,000 jobs

Amazon slashes another 16,000 jobs

January 30, 2026
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s senior vice president of people […]
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Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’

Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’

January 27, 2026
President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons. ‘While we regret President Trump has sued us, we believe the suit has no merit,’ a JPMorgan Chase spokesperson said. ‘We respect the President’s right to […]
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Valentino, founder of Italian luxury empire, dies at 93

Valentino, founder of Italian luxury empire, dies at 93

January 21, 2026
ROME — Italian fashion designer Valentino Garavani has died, his foundation said Monday. Usually known only by his first name, Valentino was 93, and had retired in 2008. Founder of the eponymous brand, Valentino scaled the heights of haute couture, created a business empire and introduced a new color to the fashion world, the ‘Valentino […]
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Saks files for bankruptcy as luxury market struggles

Saks files for bankruptcy as luxury market struggles

January 16, 2026
The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market. It’s one of the largest retail collapses since the Covid pandemic, and casts […]
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Warner Bros. Discovery rejects Paramount’s amended takeover offer

Warner Bros. Discovery rejects Paramount’s amended takeover offer

January 11, 2026
Warner Bros. Discovery on Wednesday rejected Paramount Skydance’s amended takeover offer, the latest in a series of rejections in David Ellison’s pursuit of the streaming and cable giant. The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to […]
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