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Government says SNAP benefit cuts won't be as deep as announced for some families
President Donald Trump's administration now says that SNAP food aid for November will be reduced less than originally announced, the…
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Cuts
Blog
New legislation in Senate would mandate reports of AI-related job cuts
A new bipartisan bill would require major companies and federal agencies to report artificial intelligence-related layoffs to the…
Culture
China aims to revive steelmaking without ordering cuts to supply
Beijing seems to have committed to a more gradual tightening of the screws on steelmakers that would play out over years rather than…
Business
Peru cuts ties with Mexico over asylum for ex-prime minister
Peru has severed diplomatic relations with Mexico after accusing it of granting asylum to a former Peruvian prime minister who is on trial…
Culture
Audi cuts outlook on intense competition, economic woes
[INGOLSTADT, Germany] Volkswagen’s Audi Group walked back its financial targets for the year because of “intense” competition and economic…
Culture
Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions
The move comes after the Dutch chipmaker’s Chinese unit resumed supplying semiconductors to local customers [BEIJING/TAIPEI] Dutch…
Culture
Nomura expects no more Fed rate cuts in 2025 after October easing
NOMURA said it now expects the US Federal Reserve to keep interest rates unchanged at its December policy meeting, following the central…
Culture
UPS stuns Wall Street with strong profit and 34,000 job cuts
United Parcel Service (UPS) smashed Wall Street’s third-quarter profit expectations, sending its shares soaring and fuelling confidence in…
Culture
Amazon targets as many as 30,000 corporate job cuts: sources
The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10 per cent of its roughly 350,000 corporate…
Culture
Intel shares jump as investments, cost cuts catapult turnaround efforts
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive…
Culture
Intel beats third-quarter profit estimates as cost cuts, investments pay off
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its…
Culture
South Korea keeps rates on hold but surprises with nod to further cuts
SOUTHKOREA-ECONOMY/RATES (UPDATE 3, PIX):UPDATE 3-South Korea keeps rates on hold but surprises with nod to further cuts South Korea’s…
Culture
More ECB rate cuts increasingly unlikely, Wunsch says
The chances of further interest rate cuts from the European Central Bank (ECB) are declining, given the economy’s resilience and inflation…
News
MAGA Senator Rendered Speechless Over Trump Cuts to His State
Republican Senator Tim Sheehy of Montana appeared dumbstruck Tuesday night after his ridiculous attempts to blame Democrats for massive…
Culture
Goldman Sachs plans more job cuts to boost savings, leverage AI push
Goldman Sachs Group told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its…
News
Trump’s DOJ Cuts Are a Disaster for Sexual Violence Survivors
Indeed, Martina Shabram, executive director of Sexual Assault Support Services, or SASS, in Eugene, Oregon, said: “Certifying in that way…
News
The Trump Administration Is Rushing to Implement SNAP Cuts
“All of this will lead to unnecessary chaos and confusion in the midst of widespread uncertainty, record inflation, and a government…
Business
Chad cuts ties with wildlife charity linked to Prince Harry
The Chadian government has terminated its agreement with a controversial conservation organisation that has the Duke of Sussex on its…
Business
The World’s Tallest Bridge Just Opened — And It Cuts A 2-Hour Drive Down To 2 Minutes
The record-breaking Huajiang Grand Canyon Bridge in Southern China has officially opened to traffic. Standing approximately 2,050 feet…
Culture
Federal Reserve’s Miran wants aggressive rate cuts but downplays differences with other officials
FEDERAL Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump…
News
Trump Bizarrely Tries to Take Credit After Judge Blocks Funding Cuts
“Now, are they taking great pleasure in that? No. Is trolling the Democrats? Yes. I mean, yes! Because that’s what President Trump does,…
News
Trump Cuts Billions in Funding From Another Blue City in Revenge Tour
“Well, I mean, you know the data, though. You know where we are. I mean, we’ve had three months of slowing jobs,” the host observed,…
News
GOPer Quietly Admits Trump Cuts to Blue States Will Hurt MAGA Voters
Well, guess what? It turns out that the latter project spans Washington, Oregon, and Montana, a state that voted pretty overwhelmingly for…
Culture
Pfizer’s drug price cuts yield three-year Trump tariff reprieve
The US president has repeatedly pressured companies to bring their US prices in line with what foreign countries pay Pfizer secured a…