J Sainsbury is cutting 3,000 jobs following a rise in employers’ taxes in the UK Budget, with 20% of senior management roles expected to be axed. The move is part of a £1bn cost-cutting plan over three years and aims to streamline decision-making and drive performance, as retailers face increasing costs and taxes. The changes at Sainsbury’s come amidst a challenging cost environment and a £140mn hit to its tax bill, prompting necessary steps to manage its cost base and enable ongoing investment.
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Why Occidental Petroleum Stock Slumped 15% in the First Half of 2025
Occidental Petroleum (NYSE: OXY) has struggled significantly, losing 17% in 2024 and an additional 15% in the first half of 2025, largely due to declining crude oil prices. This raises questions about whether the stock's downturn is merely a reaction to market conditions or an overreaction, potentially presenting a buying opportunity for investors, including notable supporter Warren Buffett. Explain It To Me Like I'm 5: Occidental Petroleum's stock has been losing value for a while,...
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