• Thu, May 29, 2025

by: Insider

A tariff reprieve, bond yields, and Nvidia earnings: What investors are watching as stocks rise

Stocks climbed on Tuesday after Trump delayed tariffs on the EU. Bond yields edged lower and Nvidia rose ahead of its midweek earnings report.

by: briefly

How finance and HR can work together in the modern business environment

From talent acquisition and workforce planning to leadership development and organisational culture, HR oversees the drivers of long-term business sustainability.

by: MLive

Latino-owned food businesses open in Kalamazoo with help from new program

New businesses to sprout up with help from the program include a taco truck, a bakery and a hot dog stand.

by: MassLive

Nation needs revenue, not a hobbled IRS, to fix finances (Letters to The Republican)

A letter-writer also comments on 'Veterans for Trump' lawn signs.

by: MyNewsLA

Mayor Bass Launches New `Business Navigator' to Help Small Businesses - MyNewsLA.com

A new centralized online hub is available to help local small businesses access permits, resources and procurement opportunities much more easily, Mayor Karen Bass announced Thursday. Bass highlighted the tool during Thursday's 2025 ProcureLA Summit, which hosted more than 300 small business owners and entrepreneurs in Koreatown. The navigator can be accessed at .lacity.gov. "Los [ ]

by: WGNO

Local businesses burglarized in St. Bernard Parish

CHALMETTE, La. (WGNO) Man wanted for burglary in Chalmette and is a person of interest in two other burglaries. According to the St. Bernard Parish Sheriff's Office, on Sunday morning, May 18, deputies responded to a report of a business burglary on Packenham Avenue in Chalmette. The burglary occurred the night prior. SBSO said [ ]

by: WMUR

President Trump tariff fight fuels small business uncertainty

President Trump's tariffs continue to create uncertainty for small business owners as legal battles unfold.

by: Fortune

Kohl's shocks investors reporting a not-too-bad quarter even after it fired its CEO just 100 days into the job

The retailer still reported a 4.1% year-over-year net sales drop, but that was better than what analysts expected.

by: ESPN

Panthers to Cup Final: 'This year, it's all business'

The Panthers advanced to their third straight Stanley Cup Final with a 5-3 victory over the Hurricanes in Game 5.

by: CNN

Tariffs will cost Gap up to $300 million | CNN Business

Tariffs are slamming Gap.

by: Fortune

McKinsey's headcount is down more than 10% in the past 18 months. That's the biggest loss in the consulting firm's history

The company says the decrease is due to normal attrition and performance review firings.

by: CNN

AI entrepreneur warns of potential future job losses | CNN Business

Anthropic CEO Dario Amodei tells CNN's Anderson Cooper that "we do need to raise the alarm" on the rise of AI and how it could cause mass unemployment.

by: CNN

The New York Times inks deal with Amazon to license content for AI training | CNN Business

The Times will license content from across its newsroom, including NYT Cooking and The Athletic, to train Amazon AI models.

by: CNN

Starbucks is changing one of the most | CNN Business

Starbucks is changing one of its most generous parts of its loyalty program, marking the latest effort by CEO Brian Niccol to boost profits.
  • Fri, May 30, 2025

by: deseret

Religion, finances and violence: Latter-day Saint leaders provide answers to key questions

by: BBC

Ignore Market Hall negativity, say local businesses in Derby

Independent shops in Derby say the Market Hall has given them a boost they hope will continue.

by: WGAL

Crews tackle late-night fire at lumber business

Firefighters responded to a fire at Weaber Lumber shortly after 11 p.m. Thursday, according to dispatchers.

by: WYFF

South Carolina business owner accused of illegal retail sales

A South Carolina business owner was arrested.

by: Upper

New business in downtown Gladstone serves up healthy drink options

Sip 906 Nutrition in Gladstone specializes in drinks that are nutritional and energizing and offers no to low-sugar options.

by: CNBC

Caviar and privacy: Airlines' business-class wars are here

American and United are revamping their international business class

by: AeroTime

Eurowings introduces new business class seats

German budget carrier Eurowings is introducing new business class seats for its medium-haul flights.

by: Forbes

Investment In The Small Business Community

Virtually every large producing firm in the U.S. started as a small business, usually in a home or garage, financed by the personal savings of the entrepreneur...

by: legit

Tinubu's finance minister, AGOF slammed over contractor payment delays

CEJSE slams Finance Ministry, Accountant-General over unpaid government contractors, warning of economic collapse, legal action, and investor mistrust.

by: CNN

Trump administration orders some US companies to halt sales to China | CNN Business

The Trump administration has effectively cut off some American companies from selling goods to China, a Commerce Department spokesperson told CNN on Wednesday.

by: KSL

Nephi's growth brings new businesses and bigger dreams

Small towns have always been places for big dreams. In Nephi, those dreams are becoming reality.

by: WXYZ

New halal brunch spot opens in downtown Detroit ahead of busy Memorial Day weekend

The Haus of Brunch, which opened this week, is bringing a unique dining experience to the city's food scene.

by: CoinTelegraph

Sui vote on $162M frozen Cetus funds sparks decentralization debate: Finance Redefined

Sui community members voted to return the $162 million frozen during the Cetus exploit, reigniting the debate around blockchain decentralization.

by: rnz

PNG faces deadline for fixing issues with money laundering and terrorist financing

Papua New Guinea has five months remaining to fix its anti-money laundering and counter-terrorist financing systems or face repercussions.

by: ESPN

Sources: FBI probes MLBPA business partnership

Sources tell ESPN that agents reached out to at least three players regarding their knowledge of financial dealings related to MLBPA's OneTeam partnership.

by: Reuters

BASF initiates sale of coatings business at about $6.8 billion valuation, Bloomberg News reports

(Reuters) -German chemicals maker BASF SE has in recent weeks sent out information to potential suitors for a sale of its coatings business at a valuation of about 6 billion euros ($6.81 billion), Bloomberg News reported on Friday.

by: MSNBC

Trump targets universities with strategic attack on school finances and funding

President Trump is targeting universities with a strategic attack on school finances and funding, specifically on Harvard University. Staff Writers at The Atlantic Ashley Parker and Tom Nichols and former federal Judge John E. Jones join Katy Tur to discuss why Trump is targeting higher education.

by: Fortune

Trump doubles steel tariffs to 50%

Trump said U.S. Steel will stay an American company under a deal for Japan-based Nippon to invest in the iconic American steelmaker.

by: KXAN

$8.5 billion school finance bill heads to Governor's desk for signature

Texas House lawmakers gave the thumbs-up to a $8.5 billion school finance bill, which some in leadership called the largest investment in public schools in the state's history. But some school district leaders said they worry about the lack of local control.

by: SmartCompany

SME finance expert Jason Andrew joins SmartCompany as weekly columnist

SmartCompany is thrilled to welcome SME finance expert Jason Andrew to its editorial team as a weekly columnist.

by: Tennis

New York Mets hire US Open's Lew Sherr as president of business operations | Tennis.com

In Sherr's time as CEO, the USTA has seen nationwide growth in tennis participation, and increases in US Open attendance, sponsorships, and revenue from ticket sales and broadcasting rights.

by: TheWrap

Business Insider Lays Off 21% of Staff

"There's a huge opportunity for companies who harness AI first," CEO Barbara Peng says in a memo to staff.

by: CoinTelegraph

Xend Finance, Risevest launch tokenized stocks platform in Africa

Xend Finance, backed by Binance and Google, has partnered with Risevest to launch an RWA-tokenized investment platform in Africa that will permit access to US securities.

by: ESPN

Mets hire USTA's Sherr as prez of business ops

The New York Mets are hiring the person who oversees the US Open tennis tournament, Lew Sherr, as their new president of business operations.

by: CNN

Americans pulled back on their spending in April amid tariff rollout | CNN Business

American consumers reined in their spending in April following a tariff-fueled buying binge the month before, according to new data released Friday that also showed inflation cooled off again.

by: Forbes

Wealthsimple Acquires Plenty Team To Improve Family Finance

Wealthsimple acqui-hired Plenty, creating a fintech company that provides broader financial planning for couples and exemplifying a new phase in fintech mergers.

by: Fortune

Invest in CDs now to get up to 4.50% APY. Here are the best CD rates for March 13, 2025

We've rounded up today's highest available CD rates, many of which are above 4% APY.

by: rnz

Christchurch protesters confront Finance Minister Nicola Willis over pay equity

Budget documents revealed tightening the pay-equity regime would net the government $2.7 billion every year.

by: Fortune

Earn up to 4.50% APY. Here are the best CD rates today, March 17, 2025

We've rounded up today's highest available CD rates, many of which are above 4%.

by: CNN

Trump's tariffs are under threat, but ports aren't seeing a big rebound yet. That's bad news for prices | CNN Business

US ports have been seeing pandemic-level declines in imports, so good news on tariffs was just what port officials were hoping for.

by: Forbes

The Three Foundational Pillars Of Every Enterprise AI Strategy

The accelerated advancements and adoption of Artificial Intelligence (AI) and Large Language Models (LLMs) are reshaping entire industries and enterprise strategies.

by: Forbes

A Guide To Starting A US Business For International Entrepreneurs

American and non-American entrepreneurs living overseas can benefit from forming a U.S. limited liability company.
  • Sat, May 31, 2025

by: WCMH

Former OSU football players ask Ohio Senate Finance committee to help grow their after school program

COLUMBUS, Ohio (WCMH) Two former Ohio State football players made an appearance at the Ohio Statehouse in hopes of growing their after-school program. Former OSU players Braxton Miller and Devier Posey testified in front of the Ohio Senate Finance Committee Friday afternoon. They asked senators for 8,000 dollars in the state budget to help [ ]

by: WTKR

Business owners in Phoebus expanding, opening new businesses amid growth in the area

'We've got people coming from all over:' Business owners in Phoebus expanding, opening new businesses amid growth in the area

McKinsey's headcount is down more than 10% in the past 18 months. That's the biggest loss in the consulting firm's history

The company says the decrease is due to normal attrition and performance review firings.
The article from Fortune, dated May 29, 2025, reports that McKinsey & Company has reduced its headcount by more than 10 percent over the past year, marking a significant downsizing effort amid a challenging economic environment. The consulting giant, which had previously expanded aggressively, is now focusing on cost-cutting measures and operational efficiency. This reduction in staff is part of a broader strategy to streamline operations and adapt to shifting market demands, with the firm emphasizing investments in technology and digital transformation to remain competitive. The layoffs have affected various levels within the organization, including both support staff and consultants, reflecting the firm's efforts to right-size its workforce in response to current economic conditions.

Read the Full Fortune Article at:
https://fortune.com/2025/05/29/mckinsey-headcount-down-more-than-10-percent/

Like: 👍

Similar Business and Finance Publications
UK supermarket chain Morrisons has unveiled a comprehensive plan to revitalise its business operations as it embarks on the second phase of its strategic renewal programme. The retailer plans to close multiple facilities,