Intel to cut 15,000 jobs after ‘disappointing’ second-quarter results
Intel plans to cut 15,000 jobs, or about 15% of its workforce, CEO Pat Gelsinger said in a memo to employees on Thursday.
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Warren criticizes Powell over jobs report: ‘Cut interest rates now!’
Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chairman Jerome Powell for keeping interest rates steady earlier this week after Friday’s weaker-than-expected jobs report.
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In other news
Here’s a more detailed account of what happened that day:
UAW leader says Trump’s reelection would set back labor movement
DETROIT (AP) — By placing Vice President Kamala Harris at the top of the Democratic field…
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Good to know
Business and economic news from other media:
Japanese stocks fall nearly 6% The biggest drop Since the pandemic began (CNN)
Trump vows to ‘unleash hell’ on Harris at Atlanta rally
Former President Trump vowed to “unleash hell” on his new opponent, Vice President Harris, at a rally in Atlanta on Saturday, just days after thousands rallied for her in Georgia. read more
Trump at odds with Republicans on national security issues, raising concerns
Republican lawmakers who place a premium on national security are alarmed at what they see as widening rifts between them and former President Trump on key issues such as the war in Ukraine, maintaining the NATO alliance and defending Taiwan from Chinese aggression. read more
What people think
Opinions on business and economic issues submitted to The Hill:
Restoring homeownership in 2025 will require unwavering bipartisan cooperation
America’s short-sighted, one-sided capitalism was never designed to last.
