Microsoft is laying off 4,800 workers: ‘AI is changing how work gets done’
(NEW YORK) -- Microsoft said on Monday it will lay off 4,800 employees and that the job cuts would be especially pronounced in its... Read More.
Business
Mortgage rates fall to lowest level since May
(NEW YORK) -- Mortgage rates have dropped to their lowest level since May as negotiations between the United States and Iran ease... Read More.
Hiring worse than expected in June amid elevated inflation
(NEW YORK) -- Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off... Read More.
What to know about the Social Security fix proposed by Sens. Elizabeth Warren and Bernie Moreno
(NEW YORK) -- The Social Security fund will run out of money in as little as six years, a shorter time frame than previously... Read More.
‘Revolution’: Fed Chair Kevin Warsh says US likely ‘big winner’ in AI race
(NEW YORK) -- Federal Reserve Chair Kevin Warsh on Wednesday voiced optimism about artificial intelligence, describing the technology as a "paradigm shift" that would... Read More.
How Mamdani-aligned House candidates say they plan to fight wealth inequality
(NEW YORK) -- A trio of progressive Democrats sharply criticized billionaires on their way to victory in House primaries in New York City.The clean... Read More.
Global oil prices fall to lowest level since before the Iran War
(NEW YORK) -- Global oil prices on Wednesday fell to their lowest level since before the outbreak of the Iran war.Brent crude... Read More.
Alan Greenspan, longtime chairman of the Federal Reserve, dies at 100
(NEW YORK) -- Alan Greenspan, the longtime chairman of the Federal Reserve, has died, his wife confirmed. He was 100 years old."Alan passed away... Read More.
Fed set to make interest rate decision as inflation hits 3-year hig
(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest... Read More.
Oil prices fall to lowest level since March after US announces Iran deal
(NEW YORK) -- Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United... Read More.
Consumer sentiment improves but stays near all-time low, survey shows
(NEW YORK) -- Consumer sentiment improved in June for the first time since the outbreak of the Iran war as gasoline prices eased... Read More.
SpaceX IPO could make Elon Musk the first-ever trillionaire
(NEW YORK) -- Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when SpaceX goes public on Friday.The company's founder and CEO... Read More.
