Latest News, Updates & Breaking Headlines
The US may see another rate cut this year, even as uncertainty looms over the economy due to the ongoing US government shutdown.The Federal Reserve’s second-to-last rate meeting of 2025 takes place amid a standoff between Republicans and Democrats over healthcare subsidies, which has halted the publication of nearly all official economic data. Without these…
Target Corporation plans to lay off about 1800 corporate employees in its first major cutback in almost ten years. This change aims to improve stagnant sales and make its operations more efficient.Incoming CEO Michael Fiddelke announced this decision in a memo to employees on Thursday.It comes at a time when Target’s share price has lagged…
Facebook-parent Meta has announced another round of job cuts, this time affecting employees in the Risk division. In an internal memo sent to staff, the company said it is restructuring teams and reducing roles as part of efforts to streamline operations and rely more on automation for routine compliance work. “Today, we’re announcing a number…
Alaska airlines (File photo) Alaska Air Group on Thursday lowered its 2025 profit forecast due to rising fuel costs and operational challenges. The airline said adverse weather and other disruptions have further pressured its profit margins.The airline also projected fourth-quarter profit well below analysts’ expectations.Fuel costs have surged due to refinery outages on the US…
AI generated image for representation Amazon has dismissed a recent report that alleged the company was planning to replace 600,000 jobs with robotic automation. The e-commerce giant called the report, which is based on internal documents, “wrong” and “incomplete.” The New York Times report in question cited several internal strategy documents to claim that Amazon…
In this article, we take a look at how irrespective of the income level you are at, there is more money in your pocket thanks to either tax cuts, EMI reductions or a combination of both. (AI image) This Diwali, you have more disposable income in your hands thanks to a triple bonanza of government’s…
Post the Goods and Services Tax (GST) rate cuts effective September 22, prices of 30 out of 54 daily-use items monitored by the government have seen more-than-expected reductions, while others are yet to fully reflect the intended benefits. The government is working with industry players to ensure further retail price drops where needed.As per news…
Dhanteras 2025 is turning into a record-breaking festival for Indian retailers, with strong demand across automobiles, electronics, and jewellery.Maruti Suzuki India expects to cross the 50,000-unit mark over the two-day festival, marking its highest-ever Dhanteras sales, said senior executive officer, marketing & sales, Partho Banerjee. “We are expecting around 41,000 deliveries today, with another 10,000…
New York City Public Schools have taken the federal government to court in a dispute that could reshape how protections for transgender students are enforced nationwide. The lawsuit, filed Thursday in Manhattan federal court, challenges the US Education Department’s decision to withhold $47 million in grants for 19 specialty magnet schools, citing policies that allow…
Amazon is reportedly set for another round of layoffs. According to a report in Fortune, the ecommerce giant is preparing to cut as much as 15% of its Human Resources (HR) staff. There are also additional layoffs reportedly planned in other divisions. The report quotes multiple sources said to be familiar with the Amazon layoff…
