Job Losses

In the face of dwindling demand for its core product, smartphone chip manufacturing giant Qualcomm Inc. (NASDAQ:QCOM) has declared sizable job reductions. What Happened: As reported by Bloomberg, Qualcomm will be laying off 1,258 employees, primarily in its San Diego and Santa Clara...

It just keeps getting worse for Canada's trucking industry during the COVID-19 pandemic. Even as freight volumes recover, the job losses are staggering. Canada's transportation and warehousing sector shed 102,800 jobs in April, or about 10.4% of the workforce, federal jobs data released Friday...

Oil prices staged a brief rebound for part of 2016, but have been in a bearish trend since June. After topping $50 per barrel in June, WTI crude is now flirting with the $40 per barrel mark and were seen trading below its 200-day moving average. Oil bulls aren't the only ones worried about...