Verizon Cuts 15,000 Jobs. Bitcoin Wobbles. China Weakens. Trump Cuts Tariffs.

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A Fortune 50 giant just launched its biggest layoff on record. Bitcoin slipped under $95K before snapping back. China’s economy is flashing new red lights. And the Trump administration just eased tariffs on key imports that could reshape pricing across the supply chain.

Top Stories of the Day:

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Verizon Slashes 15,000 Jobs in Its Largest Layoff Ever

The new CEO is tearing the company down to rebuild it. Verizon is cutting 15,000 employees in a sweeping overhaul aimed at reducing costs and repositioning for 2025. Investors are watching closely because massive corporate restructurings often trigger ripple effects across tech and telecom.

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Bitcoin Drops Below $95K, Then Rebounds in Volatile Trading

Bitcoin briefly plunged to its lowest level since May as tech stocks sold off, then bounced back within hours. The pullback highlights how tightly crypto and AI-linked equities are moving together. Why it matters: Volatility is returning, and traders betting on AI momentum may be unintentionally amplifying BTC swings.

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China’s Investment Slump Deepens as Slowdown Drags Into Late 2025

China’s latest economic data shows weakening consumer demand, shrinking investment, and its sharpest fixed-asset slowdown in years. The world’s second-largest economy is losing steam at the exact moment global markets need stability.

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Trump Administration Cuts Tariffs on Coffee, Bananas, and Beef

New trade agreements with four Latin American countries will lower tariffs on several key imports. U.S. officials say the move secures better market access while protecting domestic producers.

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