Archive of Doom
- economyThe Globe and Mail (Reuters)Oct 23, 2026Volvo Cars shares plunge to record low on widening losses, 2,500 more job cuts
Volvo Cars loses a quarter of its value in a day after a 3.7 billion-crown loss and announces 2,500 more job cuts.
💀 – avg🎯 0↗ 0 - economyWTOP (AP)Oct 23, 2026How major US stock indexes fared Friday 10/23/2026
The Dow sheds more than 650 points as Brent crude tops $116, its highest since 2022, and Treasury yields brush 5%.
💀 – avg🎯 0↗ 0 - economyThe Crypto BasicOct 23, 2026American Express Stock Falls as CEO Announces Plan to Cut 5% of Workforce
American Express axes roughly 5% of its global staff, thousands of jobs, even after posting record quarterly revenue, and its shares slide.
💀 – avg🎯 1↗ 0 - economyAl JazeeraOct 23, 2026US tech stocks tumble as investors fret over AI spending
Nasdaq plunges 2.6 percent in its worst day since June as Meta sheds 7 percent and AI spending doubts spook Wall Street.
💀 – avg🎯 1↗ 0 - economyThe Next WebOct 21, 2026Getty Images files for bankruptcy, pushes ahead with plan to go private
Getty Images enters Chapter 11 after AI imagery and heavy debt crush it, wiping out public shareholders as insiders take control.
💀 – avg🎯 0↗ 0 - economyFox BusinessOct 22, 2026eBay to cut about 1,000 jobs in second round of layoffs this year
eBay axes 1,000 more jobs, 9 percent of staff, in its second mass layoff this year despite beating its own earnings guidance.
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