Barclays bank cut 5,000 jobs in cost-saving drive

Listen to article (2 minutes) After Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option.  The insurance giant threatened last fall to stop renewing auto insurance for customers in three states that hadn’t given in to its demands, which would have left…

Almost exactly one year ago, NuScale Power made history as the first of a new generation of nuclear energy startups to win regulatory approval of its reactor design ― just in time for the Biden administration to begin pumping billions of federal dollars into turning around the nation’s atomic energy industry. But as mounting costs…

Picture Alliance | Picture Alliance | Getty Images It’s the third act of the streaming wars. That’s the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood. Legacy media companies including Disney, Warner Bros. Discovery, Comcast and Paramount Global…

The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district attorney’s offices…

The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.