Maryland proposes multibillion-dollar transportation spending cuts

Maryland Gov. Wes Moore’s administration is proposing sweeping cuts of about $3.3 billion to the state’s six-year transportation spending plan, which faces inflationary pressures as traditional funding continues to outpace costs. The state transportation secretary announced Tuesday. The proposal could be adjusted at next year’s General Assembly and would affect highways, transit services and other […]

Missouri’s Park University announces staff layoffs, program cuts, campus closures

Park University, a private school in Missouri, is laying off faculty, cutting programs and closing its campus following a steep drop in enrollment similar to what’s happening nationally. The Kansas City Beacon reported that the Kansas City-area school announced plans to cut 16 faculty and staff positions, primarily in areas with low enrollment. The university […]

Bitcoin is on the move, Spotify cuts staff and more money floods AI – TechCrunch

Image credits: David M. Bennett/Dave Bennett/Getty Images Listen here or Get your podcasts anywhere. Hello and welcome again capitala startup business podcast that unpacks the numbers and nuances behind the headlines. Monday’s show covers the weekend’s latest tech news and early week stories. And there was a lot to cover this morning! Cryptocurrency prices are […]

Conservatives call for big business tax cuts while White House backs child tax credit

Tax cuts for big businesses are once again up against expansion of the Child Tax Credit (CTC) in the fight to make last-minute changes to the tax code every December. Republicans want expanded deductions for research and development expenses, fixed capital investments such as machinery and equipment, and interest payments. The White House has left […]

GM Announces Major Funding Cuts for Cruise Self-Driving Vehicle Subsidiary

GM will sharply reduce its investment in its self-driving car subsidiary Cruise after a series of challenges and operational setbacks in which its self-driving robotaxis gained notoriety on the streets of San Francisco and other test markets. Engadget report GM has announced that it will significantly reduce funding for its self-driving car division, Cruise. The […]

OPEC+ agrees to deepen oil production cuts

Robert Tummel, Senior Portfolio Manager at TortoiseEcofin, discusses how China’s economic woes could impact oil prices on “Craman Countdown.” Saudi Arabia and Russia deepened exchanges of views on Thursday oil supply cutannounced an agreement to continue reducing production in early 2024. Voluntary measures by Moscow, Riyadh and other OPEC+ members will reduce oil production by […]

British banks announce sweeping job cuts weeks before Christmas – CNN

Leon Neal/Getty Images Metro Bank announced Thursday that a cost-cutting plan will result in about 800 job cuts. London CNN — UK bank staff face: Layoffs for Christmas One union called the timing “shameful”. Metrobank in financial trouble announced on Thursday that it plans to cut its workforce by 20% as part of a bid […]