Published: November 13, 2025 Verizon Communications is preparing its largest workforce reduction on record, planning to eliminate roughly 15,000 positions—about 15% of its staff—as part of a sweeping restructuring under newly appointed Chief Executive Dan Schulman. The move is aimed at lowering costs and reversing subscriber erosion in a maturing U.S. wireless market. Verizon shares ticked higher on the reports. Reuters+1 What’s happening now People familiar with the plan say announcements could come as soon as next week. The cuts are expected to land primarily on non‑union management ranks, affecting more than 20% of that group. Several dozen company‑owned retail

Washington DC’s emergency tax bill decouples the District from Trump’s One Big Beautiful Bill, ending local tax breaks for tips, overtime, and a $6,000 senior deduction while funding a new child tax credit and a bigger Earned Income Tax Credit. Key takeaways What D.C.’s new emergency tax bill actually does The District of Columbia has long been a “rolling conformity” jurisdiction: when federal tax policy changes, D.C. typically follows automatically unless lawmakers step in. Council of the District of Columbia That’s exactly what the Council just did. On November 7, the D.C. Council passed an emergency decoupling bill that breaks

Massive bond and equity profits push city’s financial war chest to its strongest nine‑month performance on record, as HKMA warns on looming market risks. Record-breaking nine months for Hong Kong’s financial war chest Hong Kong’s Exchange Fund has booked HK$274 billion (about US$35 billion) in investment income for the first three quarters of 2025, according to unaudited figures released by the Hong Kong Monetary Authority (HKMA) on Thursday, 13 November. Bastille Post+1 It is the largest nine‑month gain since the HKMA began publishing such data in 2003, powered by a powerful market rally that boosted both bond and equity portfolios.

The John Hancock name is in the news on two very different fronts today: on Wall Street, where the John Hancock Group of Funds has named two seasoned financial leaders as independent trustees, and on Chicago’s Southwest Side, where John Hancock College Prep is asking the community to help tip off its inaugural Thanksgiving basketball tournament.PR Newswire+1 Although the fund complex and the public high school are unrelated organizations that simply share a name, both stories center on stewardship — of investors’ money on one hand, and of young athletes and their community on the other. John Hancock Group of