SunPower to Cut Almost One-Third of Workforce
SunPower Corp. will eliminate more than 25% of its workforce as the company copes with a prolonged slump in the rooftop solar business.
SunPower Corp. will eliminate more than 25% of its workforce as the company copes with a prolonged slump in the rooftop solar business.
EQT Corp., the largest US producer of natural gas, is now taking output cuts through May as prices hover near four-year lows because of weak demand. The company also reduced its sales guidance for 2024.
Canada’s biggest Indigenous-owned bank is planning a major expansion that will raise as much as C$50 million ($36 million) to reach more customers.
Treasuries and other government bonds slumped as investors, who are bracing for another record-size auction of US debt, digested inflation data that stands to forestall central bank interest-rate cuts in some parts of the world.
A group of lenders led by Royal Bank of Canada launched a roughly $365 million bond sale to offload debt they’ve been stuck with since Apollo Global Management Inc.’s buyout of Tenneco Inc. in 2022.
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