U.S. Stock Futures, European Indexes Rise on Trump’s EU Tariff Climbdown
U.S. stock futures and European shares gained after President Trump gave the EU a temporary reprieve on new threatened tariffs.
The Wall Street Journal
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2 hours ago
Volvo Cars cutting 3,000 jobs to reduce costs
Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces challenges from trade tensions and resulting economic uncertainty. The company said Monday that around 1,200 of the job reductions would come among workers in Sweden, with another 1,000 positions currently filled by consultants, mostly in Sweden, also slated for elimination. Most of the jobs being cut are office positions.
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