Supreme Court allows Trump to proceed with cuts to federal workforce
The Supreme Court on Tuesday granted the Trump administration's request to proceed with plans to scale back the federal workforce. Source link
Tag
Cuts
Scientists are holding a ‘science fair’ in the lobby of a Congressional building to show what the US stands to lose with cuts
All’s fair on Capitol Hill. In response to the Trump administration’s wide-ranging science cuts and grant cancellations, researchers and scientists staged a “science fair” in the lobby of…
Debate erupts over role job cuts played in weather forecasts ahead of deadly Texas floods
Former federal officials and outside experts have warned for months that President Donald Trump's deep staffing cuts to the National Weather Service could endanger lives. Source link
Reserve Bank of Australia poised for back-to-back rate cuts as tariffs darken outlook
Australia’s central bank is set to deliver its first back-to-back interest rates cuts in six years, stepping up its easing cycle as inflation pressures cool and US trade policies threaten…
Top S-Reits with lowest gearing ratios average 33.5% as investors await rate cuts
[singapore] Last month, the US Federal Reserve opted to maintain its benchmark interest rate, adopting a cautious stance despite speculation about a potential rate cut as early as July,…
GOP defends Medicaid cuts in Trump’s ‘Big Beautiful Bill’ with weird talking points about basement dwellers
President Trump’s tax and spending bill just passed in the House and is now on its way to his desk to become law. According to the Congressional Budget Office, the legislation (aka the…
TikTok cuts more workers from US e-commerce division
US President Donald Trump has said he has a buyer lined up for the app, and just needs approval from the Chinese government for the sale TikTok is cutting more workers from its US…
Microsoft lays off thousands in latest cuts to state's tech industry
There was more bad news for the tech sector Wednesday as Microsoft announced reductions to staff, preparing for thousands of layoffs worldwide, including in its gaming division. The cuts…
Microsoft begins deep job cuts across Xbox division
Microsoft’s gaming division began informing employees of job cuts on Wednesday (Jul 2) morning, part of a broader culling at the software company as it seeks to control costs. Microsoft’s…
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 its time instead of bowing to the White House and…
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 shifting strategies force companies to trim their…
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 commodity exports, as a meteoric rise in…
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. “The world feels like it’s burning because it is,”…
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 "Big Beautiful Bill," which is likely to lead to…
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 cuts, signalling the senators' intent to make…
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 with the top White House budget official. Source link
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 its staff of the layoffs in a letter from founder…
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, funding and a mid-term plan to turn around the…
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 through on Friday (Jun 20) in the first public…
Single Moms Will Bear the Brunt of the Republicans’ Cruel 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 these like other hours,” she said. For Mia, single…
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 reduction on Thursday (Jun 19) is the sixth consecutive…
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 lowered its key interest rate by a quarter…
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. The move affected about 80 Singapore-based employees…
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 fallout from a fatal Boeing 787 crash last week and an…