“The Middle East conflict is really driving more inflation…so we are going to use the majority of the tariff refund to offset these higher costs,” the McCormick & Company CFO said.

20,000 layoffs, 14 markets exited, one flatter bank—Jane Fraser’s Citi playbook is working. Wall Street wants to know what’s next.

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.