Microsoft eyes another wave of layoffs that could hit 5,000 workers next week
Microsoft is expected to lay off up to 2.5% of its workforce as early as next week. The cuts, which could affect 5,000 employees, may...
Author : Robert B. Hambrick
Goldman Sachs to contribute $1,000 to Trump Accounts for eligible children of employees
Goldman Sachs on Thursday announced that it will make a matching contribution to Trump Accounts for eligible children of the firm’s employees. The company will...
Trump promises Philadelphia gas discounts ahead of July 4, claims oil prices are ‘plummeting’
President Donald Trump on Wednesday announced that fuel prices will be lowered at select gas stations in the Philadelphia area just ahead of the Fourth...
What are the main sticking points in the Trump admin’s trade negotiations with Canada, Mexico?
The Trump administration’s announcement that it doesn’t plan to renew the U.S.-Mexico-Canada Agreement (USMCA) and instead intends to pursue individual trade agreements with its two...
Trump says Taiwan is doubling the size of chipmaking plant in Arizona
President Donald Trump on Wednesday said that Taiwan is doubling the size of the chipmaking plants under construction in Arizona, adding that it could help...
BLS took steps to fix data release failures but watchdog says more safeguards are needed
The Bureau of Labor Statistics has taken steps to address issues that led to the release of key economic data at improper times in 2024,...
Fourth of July cookout prices hit record high as America celebrates 250th birthday
Americans preparing to hold a Fourth of July barbecue this weekend will face higher costs for their burgers and hot dogs amid stubborn inflation, a...
Mortgage rates tick slightly higher amid Iran, inflation uncertainty
Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey,...
US economy grew at 2.1% in first quarter
The U.S. economy grew at a faster pace than expected in the first quarter, according to the Commerce Department’s estimate. The Bureau of Economic Analysis (BEA)...
Bessent lays out 5 principles guiding Trump admin’s approach to economic statecraft
Treasury Secretary Scott Bessent on Tuesday outlined the Trump administration’s approach to economic statecraft in a speech in which he outlined five core principles guiding...