Mark Zuckerberg’s Meta ‘Supreme Court’ Prepares for ‘Targeted Cuts’
Meta’s independent oversight board, often referred to as the “supreme court” of platforms like Facebook and Instagram, is reportedly planning job cuts. business insider report Meta’s oversight board, the independent body responsible for reviewing and making decisions about content moderation at Facebook, Instagram, and Threads, is preparing for a series of layoffs.of washington post Citing […]
Colombia’s Marxist President Cuts Ties with Israel on May Day
Colombian far-left president Gustavo Petro announced He announced Wednesday that he would sever diplomatic ties with Israel on Thursday, citing “genocide” in Gaza. Colombia’s president made the announcement in a speech that was part of an official government event commemorating International Workers’ Day, or May Day, a holiday celebrating the brutal ideology of communism. Mr. […]
Turkey cuts off all trade with Israel in protest against Gaza war: report
Turkey on Thursday cut off all imports and exports to Israel, the latest move in the country’s protests against the Gaza war. The Turkish government, led by President Recep Tayyip Erdogan, has not yet officially announced the move, but Israeli officials are already reacting to the potential impact. According to Bloomberg News, Israel and Turkey […]
Powell Says A Fed Hike Is ‘Unlikely’ But Wait For Cuts Will Take Longer
Jerome Powell still thinks the Fed’s next move will be to lower interest rates. The Fed on Wednesday kept its benchmark federal funds target unchanged at a range of 5.25% to 5.50%, but acknowledged that inflation progress has stalled in recent months. The Fed chairman doesn’t think a flare-up in inflation will prompt interest rate […]
Bill Ackman Cuts $10,000 Check To Frat Boys Who Held Up American Flag At Protest
The American billionaire and activist investor Bill Ackman’s name appeared as a top donor rewarding a Greek-letter fraternity at the University of North Carolina (UNC) at Chapel Hill for defending the U.S. national flag, a fundraiser created early Wednesday showed. “William Ackman” gifted UNC-Chapel Hill’s Pi Kappa Phi fraternity $10,000 for protecting the Star-Spangled Banner […]
Federal Reserve Chair Jerome Powell says rate cuts ‘will take longer than previously expected’ after interest rate meeting
Federal Reserve Chairman Jerome Powell acknowledged Wednesday that the central bank is delaying plans to cut interest rates because inflation has plateaued well above the central bank’s target. The Federal Open Market Committee (FOMC), the central bank committee tasked with setting monetary policy, voted on Wednesday to keep the federal funds rate in the range […]
No rate cuts after ‘lack of further progress’ on inflation
With inflation rising modestly and the labor market remaining strong, the Fed has decided to keep interest rates at their highest levels in 23 years, likely pushing the possibility of rate cuts into the year. Interest rates will remain in the range of 5.25% to 5.5% since last July, the Federal Open Market Committee (FOMC) […]
Fed holds rates steady as inflation casts doubt on future cuts
Nick Timiraos, chief economics correspondent for the Wall Street Journal, said it would take either a spike in inflation or a rise in oil prices for the Fed to raise rates again. of federal reserve On Wednesday, the governor kept interest rates unchanged for the sixth straight time as high inflation diminished the chances of […]
Companies Are Slashing Away At Debt As Surging Inflation Casts Shadow Over Interest Rate Cuts
The Wall Street Journal reported Wednesday that recent reports of high inflation have dimmed prospects for central bank interest rate cuts, making borrowing more expensive and causing many Companies are reportedly considering reducing debt. Even companies with already strong credit prospects are deleveraging to improve their ratings from top agencies and reduce borrowing costs, which […]
Hotel workers plan May Day rally to demand pay hikes after pandemic cuts
Thousands of unionized hotel workers plan to hold rallies in nearly 20 cities on May 1 to demand big pay increases ahead of contract negotiations with major chains. The talks with hotel operators Marriott International, Hilton Worldwide and Hyatt Hotels involve about 40,000 employees seeking new contracts for the first time since the pandemic. Workers […]