Procter & Gamble recently announced its earnings for the first quarter of 2025, and the news wasn’t great. Sales in China, the company’s second-biggest market, dropped by 15%. This is due to economic struggles like falling home prices and rising unemployment rates. People are spending less, which me
Matt Garman, the boss at Amazon Web Services, has a clear message for workers who aren't excited about Amazon's new office policy: find a new job. In a recent meeting, Garman told employees that if they're not comfortable with the five-day workweek in the office, they should look elsewhere. He belie
Imagine waking up to some good news! Netflix's stock took a big leap on Friday. This happened right after the streaming giant announced its latest earnings. These numbers were way better than what experts had guessed. The company reported making $5.40 per share in the last three months, which is mor
Amazon Web Services (AWS) CEO Matt Garman recently discussed the company's new return-to-office (RTO) policy in an all-hands meeting. He believes that working remotely makes it challenging to innovate and collaborate effectively. Garman shared that nine out of ten employees he's talked to are enthus
Spirit AeroSystems, a major supplier for Boeing, has decided to put 700 of its employees on temporary leave. This comes as a result of the ongoing strike by machinists at Boeing, which has now lasted for six weeks. The strike started on September 13 when over 32,000 Boeing workers rejected a tentati
Netflix's stock jumped 9% on Friday after the company's third-quarter earnings report showed strong growth in its advertising business. The streaming giant added over 5 million paid subscribers, beating Wall Street's expectation of 3.5 million. However, this figure is a 40% decrease from the same pe
After Russia invaded Ukraine in 2022, Cyprus' banks saw a big drop in business with Russian and Ukrainian companies. They lost around 13,000 clients and 35,000 accounts, totaling about 2 billion euros. This happened because of sanctions from the U.N., EU, U.S., and UK against Russia. The number of
CVS Health has a new captain at the helm. David Joyner steps up to replace Karen Lynch as CEO, hoping to navigate the company through rough waters. The health care giant has been struggling a lot this year, with its stock dropping by about 19%. It's been a tough time for major pharmacy chains, compe
CVS Health has named David Joyner as its new CEO, filling the shoes of Karen Lynch who stepped down after an agreement with the board. Joyner, previously the vice president of CVS Health and president of CVS Caremark, will also join the board. The company believes Joyner's deep understanding of thei
CVS Health has announced the departure of CEO Karen Lynch as the company faces multiple hurdles. Shares have declined 19% this year due to higher healthcare costs, weak drugstore sales, and growing investor concerns. The company also revised its third-quarter earnings forecast downward. David Joyner
