Economy
Netflix to cut about 6% of worldwide staff
Netflix is eliminating about 6% of its employee roster, or roughly 1,000 jobs, in a round of layoffs announced internally…
Category: Economy
Economy
Economy
Social Security recipients will receive a 3.6% cost-of-living adjustment in 2027
Social Security recipients will receive an annual cost-of-living adjustment next year of 3.6%, one of the largest increases this decade.…
Economy
Bank of America ordered to pay historic $1.2 billion fine over alleged sanctions and anti-money laundering violations
Bank of America was ordered Tuesday to pay $1.2 billion to the Treasury Department, which said it violated anti-money laundering…
Economy
Diesel futures jump, signaling higher prices to come despite Trump’s Russia deal
Diesel futures traded sharply higher Tuesday, as doubts mounted about the likely impacts of the Trump administration’s latest efforts to…
Economy
Russia detains Japanese journalist on suspicion of spying
Russia said on Tuesday it had detained a Japanese journalist on suspicion of espionage and accused Tokyo of using media…
Economy
Americans Robert E. Hall and Michael Woodford win Nobel in economics
American-born economists Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics on Monday for their work…
Economy
A wealth boom and a price shock are colliding ahead of the midterm elections
The United States is in the middle of a historic and costly technological revolution, with the artificial intelligence buildout driving…
Economy
Starbucks is ‘not buying Chipotle’ after report it explored a deal
Starbucks said Monday that it would not be moving to buy Chipotle Mexican Grill, after a report last week said…
Economy
Wall Street, crypto firms could face scrutiny if Democrats win majorities in midterms
A Democratic victory in one or both chambers of Congress would not stop President Donald Trump’s administration from handing regulatory…
Economy
Character.AI files for bankruptcy, to sell some assets to Disney for $20 million
Chatbot platform Character.AI said on Monday it has filed for bankruptcy in the US and has agreed to sell some…