Industries

Fox Business Briefs 5/14

Big banks cut recession risks; American Eagle pulls outlook; Burberry announces job cuts; "Barbie: The Official Cocktail Book" hits store shelves.

Nissan increases job cuts to 20K by 2027

Japanese automaker Nissan expanded its planned job cuts after seeing a "challenging" FY 2024. The company is also working to mitigate the impact of President Donald Trump's tariffs.