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DOGE Layoffs Pose ‘Growing’ Risk To U.S. Economy And Markets, Says Apollo Economist
Economy

DOGE Layoffs Pose ‘Growing’ Risk To U.S. Economy And Markets, Says Apollo Economist

Posted on: February 25, 2025

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 […]

Price cap: Energy bills to rise by more than expected in April
Economy

Price cap: Energy bills to rise by more than expected in April

Posted on: February 25, 2025

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 […]

Asian shares slide on US curbs on China, euro gives up gains
Economy

Asian shares slide on US curbs on China, euro gives up gains

Posted on: February 25, 2025

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 […]

Jamie Dimon signals support for Musk’s DOGE, calling U.S. government ‘inefficient’ – report
Economy

Jamie Dimon signals support for Musk’s DOGE, calling U.S. government ‘inefficient’ – report

Posted on: February 25, 2025

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, […]

Starbucks asks office workers to stay home as it announces 1,100 job cuts
Economy

Starbucks asks office workers to stay home as it announces 1,100 job cuts

Posted on: February 25, 2025

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 […]

Theranos founder Elizabeth Holmes’ conviction upheld by US appeals court
Economy

Theranos founder Elizabeth Holmes’ conviction upheld by US appeals court

Posted on: February 25, 2025

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 […]

Starbucks to lay off 1,100 corporate workers amid turnaround attempt
Economy

Starbucks to lay off 1,100 corporate workers amid turnaround attempt

Posted on: February 25, 2025

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 […]

Berkshire Shares Rise Amid Record Cash Pile, Buffett Maintains Conservative Stance
Economy

Berkshire Shares Rise Amid Record Cash Pile, Buffett Maintains Conservative Stance

Posted on: February 25, 2025

Berkshire Hathaway’s shares gained momentum as operating earnings surged, but the company’s investment gains from its portfolio slowed significantly in the fourth quarter, dropping to $5.2 billion from […]

Germany election – Complicated coalition negotiations ahead – economic outcome scenarios
Economy

Germany election – Complicated coalition negotiations ahead – economic outcome scenarios

Posted on: February 24, 2025

An early-week note from ING on the German election outcome highlights “Complicated coalition negotiations ahead.” ING concludes that fiscal policy will be shaped by trade-offs between tax relief, […]

Steve Cohen Warns of Slower Economic Growth and Potential Market Correction
Economy

Steve Cohen Warns of Slower Economic Growth and Potential Market Correction

Posted on: February 24, 2025

Billionaire investor Steve Cohen has warned of an impending slowdown in U.S. economic growth, coupled with a “significant correction” in the markets. Speaking at the Future Investment Initiative […]

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