Verizon to Reduce Workforce by 15,000
Verizon Communications, a major broadband and telecommunications company, plans to cut 15,000 jobs. This significant downsizing is driven by the company’s new CEO, Dan Schulman, who aims to reduce costs and improve operational efficiency.
Schulman’s plan does not include layoffs for unionized employees, including those working in a limited number of retail stores. As of the end of 2024, Verizon employed around 100,000 people.
Despite the announcement of job cuts, Verizon’s stock prices rose for three consecutive trading sessions, closing at $41.11 on Thursday – its highest level in a month.
Aztlan Equity Management to Launch Three ETFs
Aztlan Equity Management, a U.S.-based asset management firm, is preparing to list three new exchange-traded funds (ETFs) on the London Stock Exchange. This move is part of Aztlan’s strategy to internationalize its portfolio.
The ETFs, with undisclosed investment strategies or approaches, are expected to be listed during the first quarter of 2026. Aztlan currently manages two ETFs listed in the U.S.: AZTD, focusing on global small- and mid-cap issuers; and NRSH, the first thematic fund centered on the nearshoring trend in North America.
Cadu Inmobiliaria Receives Credit Rating Upgrade
Cadu Inmobiliaria, a Mexican real estate developer known as Cadu, received an upgraded credit rating from PCR Verum, a Mexican credit rating agency. The improvement resulted from Cadu’s consistent leverage indicators, including a comfortable debt maturity profile over the next 24 months.
PCR Verum raised Cadu’s rating from ‘BBB+/M’ to ‘A-/M,’ moving it from the eighth to the seventh level on Mexico’s investment-grade asset scale. The outlook remained positive.
“Cadu’s gradual recovery and favorable outlook for its financial and operational performance, supported by adequate profitability margins and growing profits in recent periods, are highlighted,” PCR Verum stated in a press release.
The agency also noted that Cadu’s ratings could be raised further if the company continues to strengthen its financial performance, including improvements in leverage, stable operating margins, and net profitability.
ACS to Partner with BlackRock for Data Centers
ACS, a Spanish construction and infrastructure company, is close to finalizing a $26.8 billion partnership with Global Infrastructure Partners (GIP), affiliated with BlackRock, to develop data centers.
Under this agreement, GIP will take a 50% stake in ACS Digital & Energy, contributing €5 billion in capital and €18 billion in debt progressively.
This news comes as growing demand for AI computing and limited energy capacity drive digital infrastructure valuations to record highs.
