Business

Stock market news for Oct. 28, 2025

Stock market news for Oct. 28, 2025

A trader reacts on the floor at the New York Stock Exchange in New York City, U.S., August 22, 2025. Brendan McDermid | Reuters Stocks hit fresh records on Tuesday as investors stepped further into the artificial intelligence trade a…

1,000 Employees This Week, More Later

1,000 Employees This Week, More Later

Layoffs are coming down at Paramount Skydance this week, with the freshly merged company looking to slash approximately 1,000 jobs primarily in the U.S. on Wednesday, Oct. 29, Variety has confirmed. Following this week’s cuts, more layoffs are expected at…