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JOB CUTS IN U.S. COMPANIES
PayPal cuts 220 India jobs as part of previously announced restructuring plan, source saysPayPal has cut around 220 jobs in India as part of a broader, multi-year transformation aimed at simplifying operations and reducing costs....- Tyson Foods cuts annual profit forecast again as beef pressure drains marginsTyson Foods has revised down its profit and sales targets for fiscal 2026 due to rising challenges within the beef segment. The company ant...
- Trump’s second-term policies put US finances under growing strain as debt tops $40 trillionDuring President Trump's presidency, the national debt of the U.S. has ballooned to over forty trillion dollars. Federal expenditures are o...
- Venezuela's Nicolas Maduro asserts immunity, urges US judge to dismiss chargesOusted Venezuelan President Nicolas Maduro seeks dismissal of drug charges. He argues for head-of-state immunity from prosecution in a U.S....
- In 2009, the U.S. Air Force put 525,000 computers under ENERGY STAR power controls, replacing wasteful always-on use with sleep settings and targeting $15 million in annual savingsAir Force's approach focused on putting computers into lower-power states when they were not being actively used. Under the settings being ...
- Indian firms invest $40 billion in US, support 70,000 jobs: US EmbassyUS Treasury Secretary Scott Bessent met Indian Finance Minister Nirmala Sitharaman recently. This meeting occurred during the G20 Finance M...
- Gold hits over two-week low, US jobs data in focusOn Wednesday, gold prices hit their lowest point in two weeks, driven down by rising Treasury yields and a stronger dollar that made the me...
- Dollar holds firm as Middle East hostilities lift oilThe dollar rose significantly on Wednesday due to climbing oil prices prompted by renewed conflicts in the Middle East, which rattled globa...
- US Treasury bond yields ease from highs after data as Iran war escalation fans inflation concernsU.S. Treasury yields retreated from earlier highs on Tuesday after economic data emerged. The manufacturing PMI fell to 54.6 in August, whi...
- Oncology firm Novocure says cyberattack exposed US patient recordsThe breach adds to a growing number of cyberattacks on the healthcare sector, including medical device makers Abbott, Stryker Medtronic a...
- Tim Cook hands Apple to Ternus: bigger and richer, but catching up in AI raceTim Cook will step down as Apple CEO on September 1 after 15 years, handing over the role to hardware chief John Ternus, while becoming exe...
- Gold steadies as traders await US jobs data, monitor Mideast tensionsGold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This econom...
- Oil prices rise as latest fighting resurrects Middle East supply disruption risksOn Tuesday, oil prices surged as concerns over supply disruptions arose due to escalating conflicts in the Middle East. Both Brent crude fu...
- US stock market: Bessent dismisses US bond market turmoil concerns, points to economic strengthU.S. Treasury Secretary Scott Bessent reassured markets by minimizing concerns over turbulence and debt. He emphasized that robust economic...
- US Stock Market: Jobs data, Broadcom results to test stock rally near record highsUS stocks are trading near record highs, but the rally faces key tests this week from August jobs data and Broadcom’s quarterly results. In...
- US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoilUS Treasury Secretary Scott Bessent will push G20 economies to reduce trade imbalances, boost growth and cut ties with Iran at meetings in ...
- War weighs on Iran's economy as US intensifies sanctionsIranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign tra...
- Wall Street Week Ahead: Jobs report, Broadcom results pose next hurdles for stock market rallyIn the coming week, the U.S. jobs data will be a focal point for investors, potentially impacting the Federal Reserve's interest rate strat...
- The number of Americans applying for jobless aid slips to 203,000 as layoffs remain lowJobless claims in the United States have fallen to historic lows. Layoffs are rare, and most Americans currently enjoy job security. The ec...
- Tech layoffs 2026: More than 175,000 workers laid off as Apple, Microsoft, Oracle, Amazon, Meta, TikTok, Uber, LinkedIn as dozens of companies cut jobs amid AI boomTech layoffs are accelerating in 2026 as big companies such as Apple, Microsoft, Oracle, Amazon, Meta, Linkedin, TikTok, Visa and dozens of...
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