Mass layoffs of federal workers could have significant impacts on families and local economies, although the overall economy may remain largely unaffected. According to reports from Reuters, CNN, […]
Economy
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Mass layoffs of federal workers could damage families and local economies — but may not dent the overall economy
Elon Musk’s Department of Government Efficiency (DOGE) is leading a significant reduction in the federal government’s civilian workforce, which totals 3.02 million employees. Economists suggest that while these […]
Economy
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Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak
Home Depot reported better-than-expected quarterly earnings on Tuesday, despite challenges posed by high interest rates and housing prices that have dampened consumer demand for large home improvement projects. […]
Economy
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DOGE Layoffs Pose ‘Growing’ Risk To U.S. Economy And Markets, Says Apollo Economist
The layoffs initiated by Elon Musk’s Department of Government Efficiency (DOGE) are anticipated to be larger than expected, according to a leading economist. These layoffs pose increasing risks […]
Economy
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Price cap: Energy bills to rise by more than expected in April
Energy prices in England, Wales, and Scotland are set to increase by 6.4% in April under Ofgem’s new price cap, adding financial pressure on households. This rise translates […]
Economy
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Asian shares slide on US curbs on China, euro gives up gains
SYDNEY, Feb 25 (Reuters) – Asian shares experienced a decline on Tuesday due to concerns over U.S. investment restrictions on China. The rise in the euro also faded […]
Economy
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Jamie Dimon signals support for Musk’s DOGE, calling U.S. government ‘inefficient’ – report
JPMorgan Chase (JPM) CEO Jamie Dimon expressed support for Elon Musk’s Department of Government Efficiency (DOGE) during an interview with CNBC on Monday. Dimon criticized the U.S. government, […]
Economy
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Starbucks asks office workers to stay home as it announces 1,100 job cuts
Starbucks has announced a significant workforce adjustment, asking office workers to stay home and cutting 1,100 jobs. This decision comes amid broader strategic changes within the company. The […]
Economy
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Theranos founder Elizabeth Holmes’ conviction upheld by US appeals court
The U.S. appeals court has upheld the conviction of Theranos founder Elizabeth Holmes, who is serving over 11 years for defrauding investors with false claims about her company’s […]
Economy
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Starbucks to lay off 1,100 corporate workers amid turnaround attempt
Starbucks announced on Monday that it will lay off 1,100 corporate employees by Tuesday morning and eliminate hundreds of open roles. In a letter to employees, CEO Brian […]