Starbucks to slash holiday bonuses 40% due to weak earnings: report
Coffee giant Starbucks will cut employee holiday bonuses by 40% after 2020 was its worst year since the pandemic hit, according to reports. The weak bonus, typically paid in December, reflects Starbucks' struggles in the fast-food industry as cash-strapped customers cut back on expensive lattes and Frappuccinos due to rising menu prices. In particular, the […]
Trump could slash deficit $1.4T by reversing Biden executive actions: report
WASHINGTON – President-elect Donald Trump could reduce the federal deficit by $1.4 trillion over the next 10 years by reversing President Biden's executive actions, according to a report. The Committee for a Responsible Federal Budget, a nonprofit organization that advocates for fiscal restraint, has raised potential cost savings as the Trump administration's unofficial Office of […]
Sen. Ernst gives DOGE blueprint to slash $2 trillion in government waste — from vacant buildings to absurd scientific studies
U.S. Sen. Joni Ernst (R-Iowa) has issued a statement to President-elect Donald Trump's Department of Government Efficiency: blueprint Cut more than $2 trillion in wasteful government spending. Ernst's Monday letter Elon Musk and Vivek Ramaswamy enumerated to the co-chairs a number of ways DOGE could begin to wean the United States out of its $36 […]
Dow jumps on Treasury pick Scott Bessent’s promise to slash taxes
The Dow Jones Industrial Average rose nearly 400 points on Monday after President-elect Donald Trump's nominee for Treasury secretary, Scott Bessent, laid out his priorities, including tax cuts. In my first interview as a Treasury candidate wall street journalBessent said he would also focus on imposing tariffs, cutting spending and keeping the U.S. dollar as […]
China funds slash ETF fees, escalating price war in booming market
Erin Gibbs, chief investment officer at Main Street Asset Management, discusses whether the U.S. dollar is at risk of losing its status as the world's reserve currency on “Making Money.” SHANGHAI/HONG KONG – A major Chinese fund company on Wednesday announced sharp cuts in fees for a range of exchange-traded funds (ETFs), intensifying price competition […]
Boeing axing 2,200 workers in these Pacific Northwest states — part of plan to slash 17K jobs
Boeing Co. will cut 17,000 jobs, or 10% of the debt-heavy aircraft maker's workforce, as part of a federally requested filing posted Monday and union officials. The company announced that it plans to lay off more than 2,500 employees in Washington, Oregon, South Carolina and Missouri. global workforce. About 2,200 layoff notices were sent to […]
Can Elon & Vivek’s DOGE slash the federal bureaucracy in HALF?
President Donald Trump officially announced. Elon Musk and Vivek Ramaswamy have been named to lead the new Department of Government Efficiency (DOGE), which is tasked with reducing federal bureaucracy and spending. “Their mission will be over by July 4, 2026, which is the 250th anniversary of America's founding. So there's a lot to do before […]
Ramaswamy: 'We want to go in and slash and burn that bureaucracy'
Vivek Ramaswami, who joined tech billionaire Elon Musk as head of the new Department of Government Efficiency (DOGE) in President-elect Trump's administration, discussed plans for the agency on Wednesday. “We want to burn down the bureaucracy to help the American people, to stimulate the economy, to restore self-government again,” Ramaswamy, a former Republican presidential candidate, […]
Elon Musk, Vivek Ramaswamy could use private sector methods to slash government jobs
If you work for the federal government, there's a good chance you'll receive a pink paper, or at least a severance package before joining the new Trump administration, according to On the Money. Reported. In a move to tame the Leviathan known as the vast federal workforce, President-elect Donald Trump is creating a new Department […]
Steven Madden to slash sourcing from China on tariff worries under Trump
Stephen Madden executives said Thursday that the shoe maker is working quickly to shift product sourcing from China to other countries in the wake of Donald Trump's presidential election victory. President Trump said in February that if he takes office, he would reimpose tariffs on China that could exceed 60% and place a huge burden […]