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Markets
Fed’s Goolsbee says more rate cuts possible if inflation stays on track
The door to more rate cuts could open further soon, according to a Federal Reserve…
Musk and Trump’s MAGA friendship collapses over tax bill criticism
From the 2024 Presidential campaign trail, Tesla CEO Elon Musk and President Donald Trump’s relationship…
Oracle names new CFO as thousands of layoffs reported at tech giant
Oracle on Monday announced it hired a new chief financial officer after the software giant…
Meta to lay off about 200 workers in San Francisco Bay Area in May
Tech giant Meta is planning to move forward with laying off about 200 employees in…
Saks Global secures $500M deal and eyes Chapter 11 exit this summer
The parent company of luxury retailer Saks announced Thursday that it entered into a restructuring…
US releases 10M barrels from SPR as oil prices top $112 per barrel
As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department…
Strong demand for Silverado, Sierra drives GM to expand Flint production
General Motors is planning to ramp up production of heavy-duty pickup trucks in Michigan this…
Mercedes-Benz to invest $4 billion at Alabama plant amid Trump auto tariffs
German automaker Mercedes-Benz said on Tuesday it will invest $4 billion at its Alabama plant…
Wells Fargo CEO Charlie Scharf says economy still strong despite oil spike
Despite a 50% spike in oil prices and an escalating conflict involving Iran, Wells Fargo…
Banking giant HSBC considers job reductions due to AI, report suggests
Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead,…
Rivian and Uber announce $1.25B robotaxi partnership across 25 cities
Rivian and Uber on Thursday announced a partnership worth up to $1.25 billion to accelerate the…
Kohl’s CEO says company will focus on optimizing its existing store base
The CEO of Kohl's signaled that the company isn't planning on closing additional stores this year…
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