Germany's industrial companies have cut around 124,100 jobs last year, showing an increasingly negative trend after 56,000 positions were lost the year before, according to an analysis by auditing firm EY. EY said employment in industry has fallen by about 266,200 jobs, or nearly 5%, since the pre-pandemic year of 2019, with the sharpest reductions recorded in the automotive sector.
Peloton Interactive ( NASDAQ:PTON ) surged during the pandemic as home fitness demand exploded, with revenue peaking at $4.1 billion in fiscal 2021. Since then, it has steadily declined, shedding market value and users. Sales have fallen amid economic pressures, while membership rolls have shrunk as consumers return to gyms or cut spending. Product updates, such as redesigned bikes and treads, have failed to capture broad interest in a price-sensitive market.
UnitedHealth is reeling from a roughly 20% stock rout after warning investors it expects its first annual revenue decline in more than three decades, a stunning reversal for a company long seen as one of Wall Street's most reliable growth engines. The selloff wiped tens of billions of dollars off the health-care giant's market value and sent shockwaves through the broader managed-care sector as investors reassessed the risks in the once‑high‑flying Medicare Advantage business.
Shares surged 40.6 per cent to 27.2 pence as the company defied the challenging backdrop for advertising groups, but reported a fall in revenue. The company anticipates full year net revenue of roughly £664m, representing a like for like drop of 8.5 per cent. But operating profit is expected to jump 12 per cent to £75m, beating initial forecast and buoying the share price after it declined 18.5 per cent over the last twelve months after a succession of profit warnings.
Atos announced on Wednesday that it expects revenue of €8 billion in 2025, in line with previous forecasts. The organic revenue decline will be 13.8 percent. The French IT company continues to struggle with contract losses, but CEO Philippe Salle sees customer confidence gradually returning. The company, once considered a crown jewel of the European tech sector, emerged from a major debt restructuring at the end of 2024. That restructuring reduced its debt burden by €2.1 billion.
Tailwind, like many startups, has a small head count. In a podcast posted on X, Wathan said that the company had four engineers on staff. Now, there's one. Wathan's post highlights the challenges that startups, which already face tough odds of success, can encounter as AI models grow more capable. The CEO founded the web developer tool in 2017. Tailwind's model is free and open-source, with a paid "pro" tier driving the company's revenue.
New accounts show that Breanagh Catering Ltd, the company overseeing the celebrated nightclub, had revenues of €11.7m, down from €11.78m, in the 12 months to the end of January 31. New accounts for Cathal and Paula Jackson's company record nightclub and bar sales of €10.45m, which was down marginally on the €10.46m under that heading in the prior year.
The $0.25 per share earnings beat represented a 5.8% surprise, marking the sixth consecutive quarter Toll Brothers has exceeded analyst expectations. However, revenue of $3.26 billion came in just 1.8% above the $3.20 billion estimate. More concerning for investors: that revenue figure declined 2.2% year over year from the prior fourth quarter's $3.33 billion. This pattern suggests the earnings outperformance came more from cost management and margin discipline than from robust demand growth.
Shares of Rigetti Computing ( NASDAQ: RGTI) collapsed 40% over the past month, falling from $39 in early November to $23.45 on December 1. The crash coincided with a dramatic shift in retail investor sentiment, plummeting from bullish scores of 78-82 in late November to very bearish readings of 12-18 by early December on platforms like Reddit and X. The reversal centers on mounting concerns about insider selling, revenue declines, and extreme valuations across the quantum computing sector.
The broadcaster reported revenues of $773 million and booked a $1 million net loss in the three months that included Kimmel's September suspension, according to Variety, a sudden reversal from the $94 million profit Sinclair posted in the same quarter of 2024. Advertising was the engine of the decline, down 26% to $321 million year-over-year. Political spending largely evaporated with just $6 million this past quarter compared to $138 million a year ago which was, of course, an election year.
Bondholders will receive up to 325 million shares of its common stock. "The early tender results of its previously announced exchange offer to exchange any and all of its 0% Convertible Senior Notes due 2027, for a pro rata portion of up to $202.5 million in aggregate principal amount of its new 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030 and up to 326,190,370 shares of its common stock," Beyond Meat announced.
In its earnings release, the company cited factors like "a sustained uncertain macroeconomic environment" stemming from "shifting tariffs,unclear impacts from changes to fiscal policy and political sentiment."
Gannett is executing $100 million in cost cuts, including closing print facilities and automating processes, to improve operational efficiency and adapt to revenue declines.
