American Express Raises 2026 Profit Forecast, Plans 5% Workforce Cut
American Express raised its 2026 profit forecast above Wall Street expectations on Friday after reporting stronger-than-expected third-quarter results. The company now expects full-year adjusted earnings of $17.60 to $17.90 per share, exceeding analysts’ estimates...
BP Plans Major Workforce Reduction Amid Restructuring Drive
BP is planning to cut around 700 positions from its non-frontline global workforce as part of a broader effort to streamline operations and improve profitability, according to an internal email reviewed by Reuters. The...