CEO departures at U.S. companies hit a record this year
Retired, ousted, or poached, CEOs have been making their way out this year. U.S. public companies have reported 327 chief…
CNN announces about 200 layoffs as it attempts to modernize business
Warner Bros. Discovery’s CNN has announced a reduction of approximately 6% of its workforce, equivalent to around 210 employees, as…
The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air
Federal Reserve officials are approaching their policy meeting with the goal of low inflation in sight, but the extent of…
Trump’s proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
The latest tariff proposal from President-elect Donald Trump is expected to increase inflation in the United States, as stated by…
Online holiday spending rises nearly 9%, fueled by deals and AI-powered chatbots, Adobe data says
Online spending during the holiday season increased by 8.7% compared to the previous year, as per data from Adobe Analytics.…
Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
The U.S. budget deficit increased significantly in November, accelerating the pace for fiscal 2025 compared to the previous year when…
China retaliates with additional tariffs of up to 15% on select U.S. imports starting Feb. 10
China responded to U.S. tariffs on Chinese goods by announcing retaliatory measures, sparking concerns of a potential trade war between…
Medicare’s $2,000 prescription drug cap could save enrollees thousands, AARP says
Most Medicare patients who reach the new $2,000 cap on out-of-pocket spending for prescription drugs may experience significant savings, as…
Drugmakers bet billions that targeted radiation could become the next cancer breakthrough
Drugmakers are optimistic that delivering radiation directly to tumors will emerge as a significant breakthrough in cancer treatment. Companies like…