Dow will shut down three upstream plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said on Monday, sending its shares down 2.5% in morning trade.

Shares of Dow Inc. took a dive Monday, after the chemical and plastics company said cost cuts are deepening, as it will close plants and lay off more people in response to continued weak demand. The announcement comes about three months after the company said it identified three plants in Europe that would require “action,

Dow Inc. announces strategic closures of European plants in Germany and the UK, impacting 800 jobs, to boost profitability and streamline global operations by 2029.

“With inflation near target and the upside risks to inflation limited, we should not wait until the labor market deteriorates before we cut the policy rate,” he said. “I believe it makes sense to cut the (Fed’s) policy rate by 25 basis points two weeks from now.” (Twenty-five basis points equals one quarter of an interest rate point.)

A number of high-profile technology companies have announced job cuts this summer as the industry faces rapid change.

The Dow Jones Industrial Average advanced 344.11 points, or 0.77%, settling at 44,828.53. The S&P 500 added 0.83% to close at 6,279.35, while the Nasdaq gained 1.02% and ended at 20,601.10. Both the S&P 500 and the Nasdaq Composite also closed at records.

Stocks, bond yields and the dollar gained on Thursday after a strong jobs report soothed nerves about how the economy is faring during the early stages of President Donald Trump’s tariff campaign.

News Corp doesn't make the bulk of its money through news anymore. So where do the millions come from? New financial statements give us a hint.

Traders have significantly dialed back bets on interest-rate cuts after Thursday’s stronger-than-expected jobs report. Interest-rate futures showed the chances of a cut in July fell to 5% from ...

"phased out" over the next three to four years according to Dow, the company who own the site. | ITV News Wales

The June jobs report takes center stage as the S&P 500 and Nasdaq Composite hover at record levels in this short trading week. This as President Donald Trump’s tax bill hangs in the balance as he also works to seal more trade deals after securing Vietnam.