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Fed Chair Powell: Size of Trump tariffs forced bank to pause rate cuts
Fed Chair Jerome Powell said Tuesday the magnitude of President Trump's April 2 "Liberation Day" tariffs forced the central bank to take…
Tag
Cuts
Business
From banks to tech: Job cuts and layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
Australia cuts commodity export outlook despite gold price gain
Earnings from thermal coal will also decline, while its steelmaking counterpart will hold steady Australia cut its forecast earnings from…
News
Charlize Theron Fears ‘Millions of People…Are Going to Die’ Because of Foreign Aid Cuts
Charlize Theron delivered fired up remarks Saturday about immigration, LGBTQ and women’s rights and the devastating cuts to foreign aid.…
News
Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts
Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump's…
News
GOP scrambles on Trump’s budget bill after Senate parliamentarian rejects Medicaid cuts
The Senate parliamentarian has advised that a Medicaid provider tax overhaul central to President Donald Trump’s tax cut and spending bill…
News
Senate hearing with Trump budget chief highlights potential changes to $9.4 billion cuts package
Senate Republicans on Wednesday forced the White House budget chief to defend parts of a $9.4 billion package of Trump-requested spending…
News
Protesters jeer Senate appropriators, White House budget chief for 'death' cuts to spending
Protesters screaming that President Trump's proposed cuts to foreign aid would kill people were removed from a Senate hearing Wednesday…
Business
Bumble shares soar after dating app announces major job cuts
Bumble is cutting a third of its workforce, the latest sign that all is not well in the business of online dating. The company informed…
News
PM vows to press on with welfare cuts despite growing rebellion
Sir Keir Starmer has vowed to "press ahead" with the government's planned welfare changes, despite a growing rebellion from Labour…
Business
Nissan’s new CEO faces investor grilling over job cuts, losses and mounting debt
NISSAN Motor chief executive officer Ivan Espinosa’s first shareholder meeting will be overshadowed by tough questions over tariffs,…
Business
US Federal Reserve split on whether to hedge on inflation, or proceed with cuts
The close split at the US Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came…
News
Single Moms Will Bear the Brunt of the Republicans’ Budget Cuts
“It has been difficult to try to navigate, because I do work and I have a child, and I’m not exactly clear on when I’m supposed to do…
News
Government whip Vicky Foxcroft quits over disability benefit cuts
Labour MP Vicky Foxcroft has resigned as a whip over the government's plans to cut disability benefits. In a letter to the prime minister,…
Business
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Business
Philippines cuts key rate again as inflation stays below target
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday The Philippine central bank…
Business
Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal
Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.…
News
Air India cuts foreign widebody flights by 15% after crash
Air India is reducing its international service using widebody planes by 15 per cent as the nation’s flag carrier grapples with the…
Business
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025,…
Business
Microsoft planning thousands more job cuts aimed at salespeople
Microsoft is planning to cut thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid…
News
Joni Ernst’s Sick Response to Medicaid Cuts Has Tanked Her Career
Will Iowa Senator Joni Enst call it quits after her humiliating defense of Donald Trump’s budget bill? Several Republican aides,…
Business
Bank of Japan to weigh slowdown in bond buying cuts after volatility rises
The Bank of Japan (BOJ) is set to consider whether to taper its bond purchases at a slower pace while also leaving its benchmark interest…
Business
BT boss Kirkby expects AI to deepen job cuts, FT reports
Group chief executive Allison Kirkby said advances in artificial intelligence (AI) could deepen significant job cuts under way at the…
Business
Paramount layoffs: TV and movie giant cuts 3.5% of U.S. workforce ahead of merger with Skydance Media, citing uncertain economy
Paramount Global is cutting 3.5% of its U.S. workforce as customers switch away from traditional pay-TV bundles in today’s shifting media…