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Trump tariff (effects) on Auto, and Property Insurance (among other things, included).

On products (Trump tariffs) -

Wall Street (has not) up to this point taken into account Trump tariffs, but they will; by Early-Mid 2026 (at the latest).

Trump tariff (effects) does include things like auto, and property insurance (due to the cost of paid-out claims) housing, food, utilities, and the list; goes on.

The U.S. consumer.

Has and (will) pay the price.

Retailers will spread the Trump tariff costs among (both) tariffed, and non-tariffed products; as time goes on.

Trump just (ramped up) tariffs on lumber.

Prices will remain (slotted high) proven by Covid even after the supply chain issues were resolved.

Even if Trump loses his U.S. Supreme Court case in November (with Treasury (Bessent) refunding Billions to Importers (with Interest) because the U.S. government has held their funds away from them).

Trump will try (another route) to get his "Retaliatory" other country, and sector-based tariffs done.

Expect a (Major Downwards correction) in the stock market (it is coming) in the future within the next few months, at the latest; it could be much sooner.


FAA: Boeing may issue airworthiness certificates for some 737 MAX, 787 Dreamliners under ‘limited delegation’

Boeing will receive limited delegation from the U.S. Federal Aviation Administration (FAA) to issue airworthiness certificates for some of its 737 MAX and 787 airliners, the agency said.

https://skiesmag.com/news/faa-boeing-may-issue-airworthiness-certificates-for-some-737-max-787-dreamliners-under-limited-delegation/


Tom Cotton Drafts Bill to Shrink H-1B Visa Program. Ford ought to follow suit and shrink their H-1B's to zero.

Sen. Tom Cotton (R-AR) will introduce a bill on Tuesday that would sharply reduce the number of H-1B migrants working in U.S. white-collar jobs.

The bill, to be announced Tuesday morning, would begin to count visa renewals as new visas, so ending the current practice of allowing unlimited renewals for most of the 85,000 visas granted to companies each year.

The unlimited renewals policy allows roughly 750,000 H-1B visa holders to retain white-collar, career-track jobs that would otherwise have gone to young U.S. graduates. Without the exemption, the number of company-employed H-1B visa holders would drop to roughly 250,000.

The Cotton bill would also end the policy of exempting H-1B visas from the 85,000 limit if they are awarded to non-profits, which include corporate-affiliated research centers, universities, hospitals, and government K-12 teaching jobs. The non-profit H-1B workforce is large and growing and is also harming many young Americans who are both skilled and eager for careers in laboratories, hospitals, lecture halls, and classrooms.

A 2016 count by Breitbart News showed that roughly 100,000 H-1B and J-1 visa workers were employed by the non-profit sector.

“Colleges and universities shouldn’t get special treatment for bringing in woke and anti-American professors from around the world. My bill closes these loopholes that universities have abused for far too long,” Cotton said in a press statement.

Cotton’s draft bill would pressure companies to accept job applications from the growing lack of underemployed and unemployed American STEM graduates.

“Reducing the number of foreign workers being imported to replace American workers is a good thing,” said Rosemary Jenks, cofounder and policy director of the Immigration Accountability Project. “But the H-1B program needs to be eliminated,” she added.

The bill joins the rush of other reform plans being pushed by Sen. Jim Banks (R-OH), Sen. Eric Schmitt (R-MO), Sen. Chuck Grassley (R-IA), and by President Donald Trump.

“The large-scale replacement of American workers through systemic abuse of the program has undermined both our economic and national security,” said the September 19 proclamation by Trump establishing modest curbs on the H-1B program:

The number of foreign STEM workers in the United States has more than doubled between 2000 and 2019, increasing from 1.2 million to almost 2.5 million, while overall STEM employment has only increased 44.5 percent during that time. Among computer and math occupations, the foreign share of the workforce grew from 17.7 percent in 2000 to 26.1 percent in 2019. And the key facilitator for this influx of foreign STEM labor has been the abuse of the H-1B visa.

The abuse of the H-1B program is also a national security threat. Domestic law enforcement agencies have identified and investigated H-1B-reliant outsourcing companies for engaging in visa fraud, conspiracy to launder money, conspiracy under the Racketeer Influenced and Corrupt Organizations Act, and other illicit activities to encourage foreign workers to come to the United States.

A recent survey showed that a large majority of Democrat-leaning tech professionals see the H-1B program as a threat to their careers.

The survey reported 56 percent of the Americans polled said “they view H-1B visa holders as direct competitors for jobs.” Sixty percent of U.S. citizens said that “U.S. citizens and green card holders should be given hiring priority.”

Adam Mitchell thought he was doing everything right. He majored in computer science at Georgia State University and interned at State Farm doing web development. He’d been told since he was a teenager that a degree in computer science was a guaranteed path to a high-paying job right out of college.

“I was under the impression that since I’ve got three years of internship experience under my belt, this will be a cakewalk,” Mitchell said. “I was pretty quickly humbled. There’s nothing available.”
More than seven months after graduating, he’s applied for more than 100 jobs and gotten two interviews and only one job offer — for the 4 a.m. shift at Starbucks, which he didn’t take because the hours would make it too hard to pursue other opportunities. Among the jobs that turned him down: an hourly role at Costco and a customer service job in the call center at State Farm.

“I’m just kind of looking for anything,” he said. “I don’t know if the tech-side economy is ever going to be the same again.”


F-Off

https://www.detroitnews.com/story/business/autos/ford/2025/09/25/worker-at-ford-battery-plant-sues-for-unpaid-time-putting-on-footwear/86350728007/?gnt-cfr=1&gca-cat=p&gca-uir=true&gca-epti=z115734p116050c116050e008200v115734b0055xxd005565&gca-ft=37&gca-ds=sophi

https://www.removepaywall.com/


Big Pharma layoffs across six firms could top 39,000

A BioSpace tally indicates recent and planned layoffs from Novo Nordisk, Merck, BMS, Bayer, Pfizer, and Novartis could exceed 39,000 roles worldwide. Cuts span administrative, R&D, and manufacturing sites across New Jersey, Pennsylvania, Washington, Ireland, the U.K., and more.

Companies cite restructuring, cost savings, and portfolio focus as drivers, while continuing to invest in growth areas like obesity, diabetes, AI infrastructure, and select therapeutics.

https://www.biospace.com/job-trends/layoffs-from-just-6-pharmas-could-wipe-out-over-39-000-jobs

  • Companies and locations affected: Novo Nordisk - Plainsboro NJ and Denmark, Merck - Rahway NJ and U.K., Bristol Myers Squibb - Lawrenceville NJ, Bayer - Germany, Pfizer - U.S., Ireland, U.K., Novartis - East Hanover NJ and Switzerland

Kaiser nurses picket in Vallejo over layoffs, staffing, and AI

Kaiser nurses picket in Vallejo over layoffs, staffing, and AI

Nurses rallied outside Kaiser’s Vallejo facility, citing layoffs, staffing shortages, and concerns about AI tools such as virtual sitter programs. A recent announcement to lay off 42 nurses in San Rafael heightened fears of broader cuts.

Kaiser states it meets staffing regulations and that AI does not replace clinical judgment. Nurses argue patient safety demands more in person staffing and warn of long wait times in local facilities.

  • URL: https://www.vallejosun.com/vallejo-kaiser-nurses-picket-to-address-layoffs-staffing-shortages-and-ai/

  • Organizations and locations: Kaiser Permanente - Vallejo CA, San Rafael CA, California Nurses Association - statewide California


Michigan state workers on edge (as major shutdown looms!)

With a potential Michigan government shutdown approaching, state employees have not received clarity on temporary or permanent layoffs, unlike prior near shutdowns. Union leaders call for humane notice while leaders work toward a budget deal.

Rule changes on temporary layoffs under the Michigan Civil Service Commission reduce notice obligations for short duration furloughs, increasing uncertainty across agencies and public services.

URL: https://bridgemi.com/michigan-government/state-workers-left-in-dark-as-michigan-shut-down-layoffs-loom/

  • Organizations and locations: State of Michigan - Lansing MI, University System references by unions, House and Senate leadership

Reynolds School District weighs cuts to avoid midyear layoffs

Reynolds School District weighs cuts to avoid midyear layoffs

Facing a 5.5 million dollar budget gap, unions in the Reynolds School District proposed cutting two days from the calendar to save about 1.1 million dollars, aiming to avert disruptive midyear layoffs.

District leaders say the savings would not close the hole and have proposed unpaid days that union members rejected. The budget talks continue amid broader fiscal strain.

https://www.oregonlive.com/education/2025/09/as-oregon-school-district-faces-midyear-layoffs-unions-float-cutting-2-days-from-the-school-calendar.html

  • Organizations and locations: Reynolds School District - Multnomah County OR, unions representing teachers and support staff

Connectivity and Platforms

Comcast plans job cuts in Connectivity and Platforms

Comcast is preparing layoffs across its broadband, mobile, and pay TV unit, removing a management layer between corporate and regional teams starting in January. Customer service and retail positions are reportedly exempt.

The shift follows broadband subscriber losses and prior reports of cuts at Sky in the United Kingdom. Analysts view the move as part of streamlining and standardizing pricing.

https://www.fierce-network.com/broadband/report-comcast-says-layoffs-are-looming-its-connectivity-biz

  • Companies and locations: Comcast - Connectivity and Platforms segment, Sky - United Kingdom

Texas layoffs hit Sunny Glen, Hill & Smith, Amazon contractor, Dynasty Healthcare

A wave of layoffs will affect hundreds across Texas. Sunny Glen Children’s Home in Raymondville is cutting 424 jobs. Hill & Smith will close its Garland plant and move operations to La Mirada California. Amazon delivery contractor Accelore Solutions will cut 214 roles in Fort Worth and Mesquite. Dynasty Healthcare Group will shut a Richardson facility, affecting 70 jobs.

Corporate headquarters moves and consolidations continue in North Texas, with earlier announcements including Neiman Marcus and Di-kies exiting Dallas. The cuts span logistics, manufacturing, and healthcare.

URL: https://www.mysanantonio.com/business/article/mass-layoffs-texas-21065322.php

Companies and locations affected: Sunny Glen Children’s Home - Raymondville TX, Hill & Smith Inc. - Garland TX to La Mirada CA, Accelore Solutions - Fort Worth TX and Mesquite TX, Dynasty Healthcare Group - Richardson TX, Neiman Marcus - Dallas TX, Di-kies - Dallas TX


Oregon’s historic wave of layoffs, concentrated around Portland

Oregon employers have cut more than 11,000 jobs since 2024, matching Great Recession levels. Roseburg Forest Products is closing its hardwood plant in Dillard, eliminating 107 positions, while large employers like Intel and UPS have trimmed headcount across the Portland area.

Companies and locations: Intel, UPS, Wells Fargo, Albertsons, Fred Meyer, Roseburg Forest Products - Dillard OR, statewide Oregon - Portland metro, Astoria, Baker City, Milwaukie, Medford

Layoffs are spread statewide, but Portland sees the largest share. Despite the cuts, the state unemployment rate near 5.0 percent suggests many workers have found new roles, though specialized industries and smaller communities face mounting challenges.

https://www.oregonlive.com/business/2025/09/oregon-is-enduring-a-historic-wave-of-job-cuts-heres-where-the-layoffs-are.html


Polynesian Cultural Center announces layoffs in Laie

The Polynesian Cultural Center in Laie, Hawaii will lay off 10 percent of its full time staff, about 15 to 25 employees, citing a tourism downturn and reduced attendance. Notices indicate employment ends Sept 30, 2025.

Regional forecasts point to a mild recession in Hawaii with declining visitor arrivals and spending, adding pressure on attractions like PCC. Some affected staff could be rehired if visitor volumes rebound.

https://www.kitv.com/news/polynesian-cultural-center-to-lay-off-10-of-employees-amid-tourism-decline/article_77768879-ce36-4add-9d73-487de248844e.html

  • Polynesian Cultural Center
  • Laie HI - North Shore Oahu
  • University of Hawaii Economic Research Organization

Hey ex-TIAA employees now at Accenture "Layoffs"

Accenture CEO Julie Sweet told analysts that the company is “exiting people on a compressed timeline where reskilling is not a viable path for the skills we need.” She further added that the company will quickly align its workforce with client demand for AI-driven solutions. This means that Accenture may will have let go off some more employees who cannot be retained at that time. https://timesofindia.indiatimes.com/technology/tech-news/accenture-fired-11000-employees-ceo-julie-sweet-warns-exit-or-/amp_articleshow/124160673.cms


MORE WARNINGS ABOUT THE AI BUBBLE - NOW FROM THE BANKS

All I want to say is that, I hope this is being carefully managed. This and the housing bubble could burst at once... however, they keep listening to the very same people that are creating this bubble...

x x x x x x x

The AI bubble is the only thing keeping the US economy together, Deutsche Bank warns

When the bubble bursts, reality will hit far harder than anyone expects

YOU HAVE BEEN WARNED: Warnings about the overinflated prospects of a still-hypothetical "AI economy" continue to mount. Some analysts expect the AI bubble to burst sooner rather than later, arguing that current investment growth cannot continue indefinitely in a finite world.

According to a research note recently sent to clients by Deutsche Bank, the AI bo-m is currently helping the US economy avoid a recession but it cannot continue indefinitely. George Saravelos, Global Head of FX Research at Deutsche Bank, said the US would be close to a recession this year if Big Tech were not spending so heavily on building new AI data centers.

The "AI machines" are literally saving the US economy right now, Saravelos said, but this kind of growth cannot be sustained unless spending remains on an ever-growing course. Nvidia, the major supplier of powerful AI accelerators used in data centers, could potentially bear much of the residual growth the US economy has experienced in recent months.

"The bad news is that in order for the tech cycle to continue contributing to GDP growth, capital investment needs to remain parabolic. This is highly unlikely," Saravelos said.

Deutsche Bank highlights that much of this growth comes from new facilities being built by human workers, while the AI technology and services sector has yet to make a meaningful contribution to the GDP.

Around half of the market gains captured by the S&P 500 index have been driven by tech-related stocks, Deutsche Bank warns. A separate report by Torsten Sløk of Apollo Management concurs, noting that equity investors are "dramatically overexposed" to AI investments.

According to analysts at Bain & Co., even with all this spending, AI is likely to generate insufficient revenue to fund further growth initiatives. By 2030, anticipated demand for AI services would require $2 trillion in annual revenues, leaving a shortfall of $800 billion globally to meet that demand.

Nvidia recently committed $100 billion to OpenAI to build an additional 10 gigawatts of AI computing capacity, while OpenAI escalated the investment by planning a full network of new AI data centers. Meanwhile, OpenAI CEO Sam Altman has acknowledged that AI investors are behaving irrationally, and some will inevitably lose significant sums of money as a result.

Will AI capital expenditure continue to surge with staggering figures and impossibly high revenue expectations? Baidu CEO Robin Li recently predicted that 99 percent of so-called AI companies will not survive the bubble, while legitimate businesses are now squandering money and potential productivity gains in an attempt to turn everything into an AI workload.

https://www.techspot.com/news/109626-ai-bubble-only-thing-keeping-us-economy-together.html

MORE WARNINGS:

AI bo-m drives record S&P 500 valuations, but Goldman Sachs warns of $1 trillion risk ahead

Investors debate how long Big Tech's AI spree can last

https://www.techspot.com/news/109358-ai-bo-m-drives-record-sp-valuations-but-goldman.html

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How’s this for the magic quadrant?

ArcaneDoor continues to leverage Cisco’s strong backlog and AI capabilities..oh wait.

Anyway, see below:

These attacks on Cisco security appliances are a continuation of the ArcaneDoor campaign that Cisco announced in April 2024.

Multiple federal agencies have been hacked through this campaign, two U.S. officials tell me. One official said there's at least 10 government and private-sector victims worldwide, but that's sure to increase.

"CISA is deeply concerned about this activity," a U.S. official told me. "If agencies don’t get on this right away, it could be bad for them."

If Cisco loses those blank government checks they will not have a strong backlog and will not be able to continue to be a leader and innovator in AI. At least they’ll still be a top place to work and feature on the magic quadrant.

https://www.cybersecuritydive.com/news/cisa-emergency-directive-cisco-vulnerabilities-arcanedoor/761150/


Exxon pouring $140 billion into the Permian Basin after rise in third quarter production

By Steve Gelsi

Domestic oil and gas production takes center stage in Exxon's latest capital project list

Exxon Mobil Corp. has announced plans to spend $140 billion in the Permian Basin region as part of a plan by the oil and gas giant to ramp up its earnings and return cash to shareholders with a focus on U.S. production.

The move comes after Exxon (XOM) topped upstream production expectations in the third quarter, after spending $60 billion to buy Pioneer Natural Resources, an acreage holder in the Permian Basin of West Texas.

Its cost savings for the Pioneer deal will total $3 billion, which is 50% more than its previous projections, the company said.

The oil major said its big spend in the Permian Basin will generate returns of more than 30% by 2030, which will drive cash returns to shareholders.

Exxon said it will buy back $20 billion in stock in 2026 after spending the same big sum in 2025 to repurchase its stock.

Exxon Mobil's stock was down 0.3% in premarket trading on Wednesday. The stock has risen 12.7% so far in 2024, while the S&P 500 SPX is up by 26.5%.

"The company's capital allocation approach prioritizes competitively advantaged, high-return, low-cost-of-supply investments," the company said.

It'll spend $27 billion to $29 billion on capital projects in 2025, which will be the first first full year of Pioneer in its portfolio.

Looking ahead, Exxon Mobil expects to earn an additional $20 billion and $30 billion in cash flow, with a compound annual earnings growth rate of 10%.

It's also targeting $7 billion in cost savings. Its cost savings for the Pioneer deal will total $3 billion, which is 50% more than its previous projections.

Some other major capital projects underway include:

-- A boost in production from Guyana by developing two additional projects called Longtail and Hammerhead. The oil major expects total production capacity of 1.7 million barrels per day by 2030 in Guyana.

-- Liquid natural gas (LNG) production investment including first LNG sales from the Golden Pass development in the U.S and from the Qatar North Field East expansion project in 2025. In 2026, it's planning to make final investment decisions at the Rovuma development in Mozambique and the Papua project in Papua New Guinea in 2026.

-- The world's first large-scale carbon capture and storage system for carbon dioxide for permanent subsurface storage capacity throughout the U.S. Gulf Coast.

-- ExxonMobil is targeting 2029 to start operations on what it bills as the world's largest low-carbon hydrogen facility in Baytown. It'll produce uip to 1 billion cubic feet of "virtually" carbon-free hydrogen per day with about 98% of the carbon dioxide captured and stored.

  • Steve Gelsi

https://www.morningstar.com/news/marketwatch/20241211219/exxon-pouring-140-billion-into-the-permian-basin-after-rise-in-third-quarter-production


ExxonMobil starts new plant in Singapore to produce higher-value products

SINGAPORE - US energy giant ExxonMobil has begun production at a new plant in Singapore to convert heavy residue that is left after refining of crude oil into higher-value lubricant base stocks and lower-sulphur fuels.

The plant’s start-up marks the completion of the multibillion-dollar Singapore Resid Upgrade Project announced in 2019. The project was originally scheduled to be completed in 2023 but was delayed by the Covid-19 pandemic, which affected many large projects here.

ExxonMobil said the new plant on Jurong Island will increase its Singapore base stocks production capacity by 20,000 barrels per day (bpd). The higher production will include up to 6,000 bpd of a new-to-industry lubricant base stock for engine oils and greases used in commercial vehicles and industrial sectors.

The new plant will also enable the refining complex to increase production of ultra-low sulphur diesel and products that can also be used for lorries, construction vehicles and power generation turbines.

ExxonMobil’s Singapore refinery produces fuels and base stocks for industrial and automotive lubricants, and aromatics that are marketed within Singapore and exported to countries across the Asia-Pacific region.

The company said the plant, which uses a first-of-its-kind technology, is a strategic investment in Singapore and represents ExxonMobil’s ongoing efforts to transform its manufacturing assets to better meet the demand for high-quality fuels.

Ms Geraldine Chin, chairwoman and managing director of ExxonMobil Asia Pacific, said: “No other company in the world can do what we’ve done in Singapore.”

She added: “We will deliver innovative products to the market by deploying our proprietary technology and expertise. We’re proud of the teams who helped make this possible.”

Experts believe the high-viscosity lubricant market is poised for significant growth worldwide, driven by increasing demand in the automotive and industrial sectors for enhanced equipment efficiency, durability, and performance under extreme conditions.

Asia-Pacific is a leading region where demand for these lubricants is rising amid industrial expansion, technological advancements, and a growing emphasis on environmental regulations that promote the use of high-performance, climate-friendly lubricants.

ExxonMobil is one of Singapore’s oldest and largest investors, with over $30 billion in fixed-asset investments to date. It employs about 3,500 people here, and its operations create business for about 2,000 other firms – mostly small and medium-sized enterprises. Its regional teams that trade oil and liquefied natural gas, and work on low-carbon solutions, are also based in Singapore.

https://www.straitstimes.com/business/companies-markets/exxonmobil-starts-new-plant-in-singapore-to-produce-lubricants-and-cleaner-fuels


Cramer on Accenture Today

Take it with a grain of salt as he tends to be in bed with Comms Departments:

“Alright, now I gotta tell you, Accenture’s come down enough. It hit a 52-week low. I mean, how bad could it really be? It hit a 52-week low today. I don’t think it’s that bad. The only thing I would change is that when you do, when you put it in spell check, it always goes to CAN instead of ACN. But that’s not really their fault. I think that at 18 times earnings, I’m willing to pull the trigger, Accenture, and that’s the first time I’ve said that because I have really disliked the stock.”


Bioinformatics moving to India?

Check out this article where CFO said Illumina India will hire Bioinformatics and AI jobs in India!
https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/india/genomics-major-llumina-bets-on-india-to-power-affordable-innovation-amid-global-headwinds-13542445.html/amp