Chevron, the second-largest U.S. oil and gas company, announced plans to cut up to 20 percent of its workforce, or around 9,000 jobs, in a cost-cutting move amid lower oil prices. The layoffs will occur over the next two years, as Chevron aims to save $2 billion to $3 billion. Despite President Trump’s push for increased production, Chevron and other oil companies are focusing on efficiency and streamlining operations as they face a challenging market environment and uncertain future.
Full Article
Why Reddit Stock Was Moving Higher This Week
Shares of Reddit (NYSE: RDDT) saw a significant increase of 19.4% this week, driven by the launch of two new AI-powered advertising tools and favorable analyst reviews. The stock's positive momentum was reported by S&P Global Market Intelligence as of Wednesday's close. Explain It To Me Like I'm 5: Reddit, a website where people share things, got a lot more popular this week because they made new tools that help businesses advertise better, and people...
Read more