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Business News 7 October 2025 - 27 October 2025

Amazon’s Latest Shock: Up to 15% of HR Workforce Axed in AI-Fueled Restructuring – Stock and Market Impacts

Amazon Axes 30,000 Jobs in Historic Layoff – AI Efficiency Push and Stock Gains

Amazon’s Largest-Ever Job Cut: 30,000 Roles to Go In a startling cost-cutting move, Amazon is poised to eliminate up to 30,000 corporate jobs starting Tuesday (Oct. 28) reuters.com. That figure represents nearly 10% of Amazon’s roughly 350,000 corporate employees and marks the biggest layoff in the company’s history reuters.com. For comparison, Amazon’s previous major downsizing in late 2022 and early 2023 totaled about 27,000 job cuts reuters.com. The latest cuts – reported by Reuters and confirmed by other outlets – underscore how dramatically Amazon is moving to streamline its business after years of rapid workforce expansion. Amazon has not officially commented on the reports of the
27 October 2025
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Elon Musk Smashes Records by Hitting $500 Billion Net Worth—How He Got There and What It Means

Elon Musk’s $1 Trillion Tesla Pay Gambit: ‘Robot Army’ Ambitions, Shareholder Showdown & TSLA’s High-Stakes Future

Shareholders Face Vote on a Trillion-Dollar Pay Package Tesla’s upcoming annual shareholder meeting has turned into a high-stakes referendum on the largest CEO pay proposal in corporate history. On November 6, stockholders will vote on a 10-year compensation package for Elon Musk valued at up to $1 trillion – a figure that eclipses any pay deal ever awarded to an executive ts2.tech. If approved, the plan would potentially make Musk the world’s first trillion-dollar CEO and solidify his status as the richest person on the planet. It would also tie his personal fortune even more tightly to Tesla’s performance in the
27 October 2025
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Crypto Rebound: Bitcoin Rockets Past $110K, Coinbase Backs $2.45B Indian Exchange – DOGE Explodes

Trump Pardons Binance CEO – Is Binance’s Stock Finally Going Public?

In mid-October 2025, Binance dominated headlines after President Trump’s surprise pardon of founder Changpeng Zhao (CZ). The pardon – signed Oct. 23 – officially forgave CZ’s 2023 conviction for anti-money-laundering violations ts2.tech straitstimes.com. Trump’s press team framed it as correcting the prior “war on cryptocurrency” ts2.tech straitstimes.com. Industry insiders immediately interpreted this as a clear signal: CZ, long barred from Binance’s operations under his plea deal, can now potentially return to helm the exchange. TechSpace² reports that analysts view the pardon as “expected to pave the way” for CZ to lead a Binance IPO in the U.S. scmp.com. As crypto consultant
25 October 2025
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Billionaire Larry Ellison’s Fortune Plummets: Oracle Share Slump Wipes Out $24B

Billionaire Larry Ellison’s Fortune Plummets: Oracle Share Slump Wipes Out $24B

Stock Slide Hits Ellison’s Fortune Oracle’s spectacular AI-driven rally has turned choppy in recent days. After rocketing to all-time highs in September (briefly valuing Ellison’s stake at ~$393 B) reuters.com, profit-taking set in. The stock plunged about 7% on Oct. 17 (wiping ~$24B off Ellison’s wealth) and sank nearly 5% on Oct. 20 (erasing another ~$14B) financialexpress.com financialexpress.com. The selloff reflects a shift from “euphoria to caution,” as investors booked gains after Oracle’s string of AI contract announcements. By Oct. 23, ORCL closed around $280 ts2.tech – still roughly 70% above its January price, but down from its Sept. peak (~$345). Market watchers describe
24 October 2025
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AT&T Beats Q3 Forecast with 405K New Subs – Is Its 5G Bet Paying Off?

AT&T Beats Q3 Forecast with 405K New Subs – Is Its 5G Bet Paying Off?

In its Oct. 22 earnings release, AT&T (NYSE:T) reported solid Q3 results highlighted by strong subscriber growth, even as revenue growth stayed modest. The telecom giant earned $30.7 billion in revenue (up 1.6% year-on-year prnewswire.com) and GAAP EPS of $1.29 prnewswire.com. Adjusted EPS was $0.54, in line with analyst estimates prnewswire.com. Crucially, AT&T added 405,000 postpaid wireless customers in Q3, far above the ~334,000 additions analysts had expected reuters.com. This subscription surge drove AT&T’s stock up about 4% in pre-market trading reuters.com. The results underscore the resilience of AT&T’s core wireless and broadband businesses. Much of the upside came from iPhone
22 October 2025
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Billionaire Blowup: NYC’s Catsimatidis Tells Rival to Quit – Pershing Square’s Ackman Admits He “Hates Wasting Money”

Billionaire Blowup: NYC’s Catsimatidis Tells Rival to Quit – Pershing Square’s Ackman Admits He “Hates Wasting Money”

Catsimatidis vs. Sliwa: Divided GOP in NYC John Catsimatidis (often described as a “grocery and radio magnate” cbsnews.com) has been a longtime supporter of conservative causes. In recent days he threw his weight behind a unified effort to defeat Mamdani by clearing the Republican field. Catsimatidis – who employs Sliwa as a radio host on his WABC station – told reporters that Sliwa should “love New York more than anything else” and drop his mayoral bid to boost Cuomo’s chances abc7ny.com foxnews.com. Catsimatidis claimed New Yorkers would view Sliwa as a hero for “doing the right thing” by quitting abc7ny.com.
21 October 2025
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Coca-Cola Crushes Q3 Forecasts as Soda Sales Stay Hot – Stock Jumps

Coca-Cola Crushes Q3 Forecasts as Soda Sales Stay Hot – Stock Jumps

Strong Q3 Performance Beats Estimates Coca-Cola’s (NYSE: KO) Q3 2025 report blew past Wall Street’s forecasts. The beverage giant logged $12.5 billion in revenue, up 5% from last year (organic sales +6%) stocktitan.net. This exceeded the ~$12.39 billion consensus reuters.com. Volume was flat to slightly positive (+1%), but robust price/mix (+6%) drove growth. As a result, EPS of $0.86 surged 30% year-over-year stocktitan.net, topping the $0.78 street estimate reuters.com by 4 cents. Even excluding special items, Coke’s adjusted EPS of $0.82 comfortably beat forecasts. Notably, operating profit jumped 59% (29% currency-neutral) with an operating margin of 32.0% (vs 21.2% a year ago)
21 October 2025
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Duralex Crisis Deepens: Iconic French Glassmaker Seeks €5M Lifeline from Public Investors

Duralex Crisis Deepens: Iconic French Glassmaker Seeks €5M Lifeline from Public Investors

Duralex’s Fight for Survival – From Bankruptcy to Worker Cooperative Founded in 1945, Duralex is a household name in France, known worldwide for its nearly indestructible tempered glass cups and plates. The company is considered part of France’s industrial patrimoine – a storied legacy spanning roughly 70 years of glassmaking bfmtv.com. But that proud history has been marred by repeated crises. Over the past three decades, Duralex has endured multiple bankruptcies and rescues, as successive owners failed to modernize its factory in La Chapelle-Saint-Mesmin (Loiret). By 2020, amid mounting debt, Duralex entered court-administered reorganization, and a new investor (La Maison
21 October 2025
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Hanwha Ocean’s High-Stakes Turnaround: Shares Drop on China Sanctions – But New Submarine & Green Ship Deals Light the Way

Hanwha Ocean’s High-Stakes Turnaround: Shares Drop on China Sanctions – But New Submarine & Green Ship Deals Light the Way

Market Reaction & China Sanctions On Oct. 14, Chinese authorities banned Chinese entities from working with five Hanwha Ocean subsidiaries in the U.S. (including its Philadelphia shipyard and related firms) reuters.com. Beijing accused these affiliates of “assisting… U.S. investigative activities” that threatened China’s security reuters.com. The move was widely seen as retaliation in the broader U.S.–China maritime trade dispute. Hanwha Ocean’s share price in Seoul instantly slid about 9% intraday, closing roughly 6% lower on Oct. 14 apnews.com. (Peer HD Hyundai Heavy also fell over 4% reuters.com.) Hanwha Ocean reacted by saying it is “closely reviewing” the potential business impact
14 October 2025
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Tariff Trouble: 169‑Year‑Old Orvis Slashes Stores as It Returns to Its Outdoor Roots

Tariff Trouble: 169‑Year‑Old Orvis Slashes Stores as It Returns to Its Outdoor Roots

An Iconic Outfitter Scales Down Founded in 1856, Orvis is among America’s oldest outdoor retailers – a name synonymous with fly fishing rods, tackle, and rustic New England sporting tradition. Over nearly 170 years, the family-run company grew from a small Vermont tackle shop into a national premium brand with dozens of stores selling not just fishing gear and hunting shotguns, but apparel, home furnishings, dog beds, luggage, and more. By the mid-2010s, Orvis operated around 80 stores and had a thriving catalog business mailing out millions of catalogs annually. But in recent years, the retailer’s footprint and focus have
11 October 2025
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Venture Global (VG) Stock Plummets 17% After Losing $1B Arbitration Case – What’s Next?

Venture Global (VG) Stock Plummets 17% After Losing $1B Arbitration Case – What’s Next?

Recent News & Stock Reaction On Oct. 10, 2025 Venture Global’s stock tanked ~17% premarket after news that BP won an arbitration against VG over a long-term LNG supply contract reuters.com. The International Chamber of Commerce ruled VG “breached its obligations” by not declaring Calcasieu Pass commercial and not acting as a “reasonable and prudent operator” in a contract that should have delivered LNG starting late 2022 reuters.com. BP is seeking >$1 billion in damages plus interest reuters.com. VG’s management expressed disappointment, noting this decision contradicts an earlier win against Shell in a similar dispute reuters.com tipranks.com. Analysts warn this opens the
10 October 2025
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Sony’s 2025 Surge: Inside the Tech Giant’s Record-Breaking Year and Bold Moves

Sony’s 2025 Surge: Inside the Tech Giant’s Record-Breaking Year and Bold Moves

Stock Performance: Near Highs After a Decade-Long Turnaround Sony’s stock has been on a tear, capping a remarkable turnaround from its early-2010s struggles. In 2025, the U.S.-listed shares have returned nearly 40% year-to-date, and by early October Sony traded around $30 – its highest level ever. In Tokyo, Sony’s stock hit record highs just under ¥4,500 per share in late September. Both the Tokyo shares and ADR have outperformed the broader Japanese market this year, reflecting investor optimism in Sony’s trajectory. Notably, the yen’s weakness (hovering near ¥148 per USD) has boosted Sony’s dollar-based returns even further. This stock rally
7 October 2025
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