Finance

Disney prepares new layoffs as some divisions target savings of up to 20%
Walt Disney is preparing a new round of layoffs that could affect thousands of people across several divisions, including TV networks and the motion picture studio. According to sources cited by Deadline, managers of the affected teams were given annual cost-saving targets of as much as 20%. Disney declined to comment on the cuts, first reported by Bloomberg. The company has been cutting staff since Josh D'Amaro became CEO on March 18, with layoffs in April, July, September and last week.
FinanceInternationalDeadlineNov 2AI
Dow Jones futures fall: AI trade dives and Apple slides after earnings
Dow Jones futures point to a weaker session after the AI trade dived on Monday and Apple shares sold off following its earnings release. Market attention is also turning to Tuesday's midterm elections.
FinanceInternationalInvestor's Business DailyNov 2AI
From 8% to 38.5%: the race over Colombia's 2027 minimum wage hike speeds up
Even before the tripartite table is installed, business groups and workers have already put forward their proposals for the 2027 minimum wage increase. The CUT proposed a 38.5% raise, which would take the base wage from COP 1,750,905 to about COP 2,425,003 excluding transport allowance. On the business side, Bancolombia president Juan Carlos Mora proposed 8% to 9%; Fenalco pointed to around 9%; Andesco to a range of 8% to 9.5% and Fedetranscarga to 9.5%.
FinanceColombiaELHERALDO.CONov 2AI
Asian stocks retreat ahead of US midterms as oil steadies
Asian tech stocks came under fresh pressure on Tuesday as investors fretted over AI spending and earnings, while oil steadied after the previous session's tumble, ahead of the start of voting in the US midterm elections. European futures fell 0.9% and S&P 500 futures were 0.1% lower, their fourth straight day of declines. Japanese markets were closed for a holiday.
FinanceInternationalReutersNov 2AI
Bancolombia proposes a 2027 minimum wage increase of between 8% and 9%
Bancolombia president Juan Carlos Mora considered a minimum wage increase for 2027 of between 8% and 9% reasonable, calculated on an annual inflation rate of 6.29% as of September 2026 and estimated productivity of 1.5 to 2 points. Fenalco agrees the increase should not exceed 9%, while union confederations would bring a request for 38.5%. Formal negotiations will take place between late November and December.
FinanceColombiaEl DiarioNov 2AI
Weil associate blasts 'greed' and 'lack of leadership' as the firm collapses
Weil Gotshal, a nearly century-old law firm, is preparing to wind down and send nearly 600 associates into the job market. An anonymous associate told Bloomberg Law that members of the management committee used insider information to negotiate deals with other firms and often left associates behind. According to the account, the associate received more than 100 LinkedIn requests from headhunters in the two days after Executive Partner Barry Wolf announced the news. Associates and staff will receive salary and benefits for 90 days.
FinanceInternationalAbove the LawNov 2AI
Bogotá rents rose 4.97% year-on-year through June, below the city's inflation
Effective rents in Bogotá rose 4.97% year-on-year through June 2026, compared with a city CPI of 5.98%, according to the second-quarter Real Estate Dynamics report by the Lonja de Propiedad Raíz de Bogotá using DANE data. The Lonja asked landlords to moderate increases and assess tenants' ability to pay. For 2026, the annual adjustment of urban housing contracts has a legal cap based on 2025 CPI, of 5.1%.
FinanceColombiaPortafolioNov 2AI
Alta and inDrive partner to finance vehicles for app-based drivers in Medellín
Colombian fintech Alta and mobility platform inDrive signed an alliance to ease access to financing for work vehicles for digital app drivers in Medellín and the Aburrá Valley. Alta assesses repayment capacity using variables such as generated income, number of trips, ratings received and driver tenure. The offer includes private, cargo and special-service vehicles, plus motorcycle leasing with a purchase option. The fintech projects 50 billion pesos in loans in Medellín by 2027.
FinanceColombiaEl TiempoNov 2AI
Investors weigh impact of US midterm elections on AI spending and debt
The November 3 US midterm elections could add to investor concerns about AI spending and debt ceiling negotiations, Reuters reported. Since Donald Trump returned to the White House in 2025 with full Republican control of Congress, the S&P 500 has gained about 27%, helped by capital spending on AI and strong earnings growth, while Treasury yields are substantially higher. Forecasts point to Democrats winning the House, with Senate control less clear.
FinanceInternationalReutersNov 2AI
The Latino vote in the U.S. has no owner: the economy could decide control of Congress
Days before the November 3 midterm elections, the Latino vote in the United States is shaping up as an electorate without an owner. According to Pew Research Center, about 39 million Latinos are eligible to vote, 16% of the national electorate, more than five million more than in 2022. Pew also found that 86% of registered Latino voters consider the economy very important and 74% believe Trump's economic policies have worsened conditions in the country.
FinanceInternationalLa RepúblicaNov 2AI
Lula's win in Brazil reshapes the regional map and tests trade ties with Colombia
Lula da Silva's victory, giving him a fourth presidential term in Brazil, reshapes the regional political map while the economy reacts nervously and the Real falls on fears of capital flight. Colombia faces the challenge of strengthening trade, political and technological ties with a neighbor that is its fourth-largest export partner. The text points to tensions with Washington, pressure from the right in Congress and on the streets, and a complex judicial scenario for the Bolsonaro family.
FinanceInternationalLa PatriaNov 2AI
Colombian business associations and the mirage of concord
An analysis reviews the history of Colombian business associations since the Sociedad de Agricultores de Colombia (1906) and the Federación Nacional de Cafeteros (1927). It describes their role in defending sector interests, their influence on public policy and their conflicts with governments, such as ANDI's opposition to Alfonso López Michelsen's economic opening in 1974 and the call for Ernesto Samper's resignation in 1996. It concludes that the relationship between business groups, political economy and democracy has been complex and changing.
FinanceColombiaRazón PúblicaNov 1AI
US votes with its wallet on its mind in elections marked by the high cost of living
The high cost of living dominates the US midterm elections, where Donald Trump's Republicans risk losing control of Congress. Average inflation from April to September was 3.67%, compared with 2.67% in Joe Biden's last six months. Regular gasoline now costs almost 50% more than in February and diesel almost 70% more. The economy grew 3.4% in the third quarter, driven by investment in artificial intelligence.
FinanceInternationalELHERALDO.CONov 1AI
Colombia's 2027 minimum wage debate: from unions' 7% to CUT's 38.5%
Colombia's Permanent Commission for the Coordination of Salary and Labor Policies is discussing the 2027 minimum wage adjustment, with a gap of about 30 percentage points between proposals. Business groups and economists propose caps of between 7% and 10%, while the CUT proposes adding 32 points to inflation, which with inflation near 6.5% would give 38.5%. Banco de Bogotá calculates 8% and estimates the government could lean toward 8.5%. The commission must seek an agreement by December 15 or the government sets it by decree.
FinanceColombiaEl TiempoNov 1AI
Wall Street futures open higher in a week marked by Apple, the midterms and $100 oil
US index futures opened Sunday with gains of between 0.2% and 0.4%, after an October in which the biggest AI and chip stocks lost about $5 trillion in market value since Oct. 6, while the rest of large US companies added about $1.3 trillion. The week includes Apple's earnings, the midterm elections and the October jobs report.
FinanceInternationalYahoo FinanceNov 1AI
Two California school staffers accused of diverting nearly $300,000
Two employees at the International School of Monterey in Seaside, California, were arrested for allegedly diverting nearly $300,000 in school funds. The investigation began when an administrator flagged an unusually large Costco order of eggs, bacon and potatoes placed by Terry Bumper, former food services director, who is accused of diverting $58,800 through products used in his personal catering business. Chief Financial Officer Rosa Segura is accused of diverting more than $238,000 for personal expenses.
FinanceInternationalNew York PostNov 1AI
AI investors hedge with options and swaps as tech stocks sell off
Amid falling AI stocks and rising borrowing costs, investors are turning to put options and credit-default swaps to protect gains and limit losses, according to The Wall Street Journal. Friday's selloff wiped out more than $1 trillion in market value: the Nasdaq 100 fell 3.4%, the S&P 500 dropped 1.8% and its technology sector lost more than 4.2%. The cost of insuring debt from major tech companies including Amazon, Alphabet, Microsoft, Meta and Oracle rose to its highest level since 2021.
FinanceInternationalThe Jerusalem PostNov 1AI
Colombian peso-dollar rate seen trading between $3,160 and $3,250 in coming days, Global66 says
After the close of October and the decisions of Banco de la República and the Federal Reserve, Colombia's currency market begins a week in which the dollar is projected to trade in a range of $3,160 to $3,250, according to Daniel Londoño Tapia, Country Manager at Global66. The official exchange rate in force at the start of the week was set at $3,182.99. In the last week of October the currency rose $24.56 (0.78%), after a bearish trend of more than 5% during the month.
FinanceColombiaPortafolioNov 1AI
CDTs in Colombia: institutions offer up to 13.1% effective annual yield in November
CDTs begin November 2026 with yields of up to 13.1% effective annual rate, after the Banco de la República decided on October 30 to keep its policy rate at 12.25%, in a split vote with four directors in favor and three backing a 25-basis-point hike. According to MejorCDT, KOA offers 13.1% for 12 months from $250,000, Credifamilia 13% from $1,000,000 and Iris 12.65% from $100,000. The next Board meeting is on December 18.
FinanceColombiaEl DiarioNov 1AI
2027 minimum wage: Banco de la República weighs inflation and productivity ahead of negotiations
The debate over the minimum wage that will apply in Colombia from January 1, 2027, is shaping up as one of the country's main economic discussions. Banco de la República, which does not set the minimum wage and has not announced a percentage, monitors inflation, productivity and labor market conditions. Negotiations between the government, union confederations and business representatives will take place in the final months of 2026; without consensus, the Executive will set the increase by decree.
FinanceColombiaDiario del SurNov 1AI