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Microsoft Cuts Thousands of Jobs to Streamline Management
Full Story Microsoft is laying off thousands of employees worldwide to reduce management layers, the company…
Economy
Microsoft Cuts Nearly 3% of Workforce in Largest Layoff Since 2023
Full Story Microsoft initiated layoffs affecting nearly 3% of its global workforce on Tuesday, marking its…
U.S. Inflation Dips to 2.3% Ahead of Expected Tariff-Driven Rise
Full Story U.S. inflation fell slightly to 2.3% in April, offering a brief reprieve before anticipated…
Goldman Sachs Cuts U.S. Recession Odds to 35% in Forecast
Full Story Goldman Sachs, a $2.8 trillion asset manager, has reduced its U.S. recession probability forecast…
Saudi Arabia Commits Billions to U.S. Investment Over Trump Term
Full Story Saudi Arabia has pledged to invest hundreds of billions in the U.S. during President…
Economy Shrinks First Time in Three Years Amid Tariff Concerns
Full Story The U.S. economy has contracted for the first time in three years, sparking concerns…
Treasury Urges Debt Ceiling Action by August to Avoid U.S. Default
Full Story Treasury Secretary Scott Bessent warned lawmakers Friday that the U.S. risks defaulting on its…
Treasury Warns Debt Limit Maneuvers May End by August
Full Story Treasury Secretary Scott Bessent has warned lawmakers that special accounting measures to stay within…
Lego to Build $366M Warehouse in Virginia, Creating Jobs
Full Story Lego will invest $366 million to construct a 2 million-square-foot warehouse in Virginia, as…
Vietnam Sees Economic Boom, Attracts Wealthy Foreigners
Full Story Vietnam is experiencing a robust economic boom, drawing high-net-worth foreigners. The country’s growth has…
Federal Reserve Warns of Economic Risks from Trump’s Trade War
Full Story The Federal Reserve cautioned that President Trump’s trade war could lead to higher unemployment…
Federal Reserve Holds Interest Rates at 4.25–4.5% Range
Full Story The Federal Reserve has decided to maintain its benchmark lending rate between 4.25% and…