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Category: Economy

Microsoft laying off about 9,000 employees in latest round of cuts
Economy

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025

Microsoft surpassed expectations on revenue and profit but is slimming down across ranks, organizations and geographies. ...

Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index
Economy

Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index

July 3, 2025

Hewlett Packard Enterprise's closing of its Juniper deal created an opening in the index, which has added several technology companies…

Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports
Economy

Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports

July 3, 2025

Vietnam, whose exports to the U.S. reportedly comprised 30% of its gross domestic product last year, is especially vulnerable to…

House GOP infighting stalls Trump’s tax bill
Economy

House GOP infighting stalls Trump’s tax bill

July 3, 2025

Speaker Mike Johnson can lose just three members' votes and still pass the bill in a party-line vote. But more…

With June jobs report looming, DOGE government layoffs could start becoming a factor
Economy

With June jobs report looming, DOGE government layoffs could start becoming a factor

July 3, 2025

A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking…

Ford sales jump 14% in the second quarter, well above industry forecast
Economy

Ford sales jump 14% in the second quarter, well above industry forecast

July 1, 2025

Ford sales rose 14.2% during the second quarter over the year-earlier period, about 10 times the estimated 1.4% industry increase,…

Powell confirms that the Fed would have cut by now were it not for tariffs
Economy

Powell confirms that the Fed would have cut by now were it not for tariffs

July 1, 2025

The U.S. central bank would likely have begun cutting interest rates again if not for the plan to enact higher…

Cliff Asness’ AQR sees multiple hedge funds up double digits in 2025, beating the market
Economy

Cliff Asness’ AQR sees multiple hedge funds up double digits in 2025, beating the market

July 1, 2025

The Apex strategy from Cliff Asness' firm combines stocks, macro and arbitrage trades. ...

Trump’s bill gets a boost as Senate Republicans say they have a deal
Economy

Trump’s bill gets a boost as Senate Republicans say they have a deal

July 1, 2025

Republican leadership has for days worked to try to secure enough votes in the upper chamber to push President Donald…

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Crypto World

1
Cryptocurrency

Crypto Biz: Bank stablecoins get a rulebook; Bitcoin gets a land grab

December 19, 2025

Washington is inching closer to putting bank-issued stablecoins on a clearer regulatory track. This week, the Federal Deposit Insurance Corp. (FDIC), the US agency that oversees bank safety and insures deposits, laid out a proposed…

2
Cryptocurrency

Blockchain Association says no to expanding stablecoin yield prohibition

December 19, 2025

The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and…

3
Cryptocurrency

Pro-crypto US Senator Lummis won’t seek reelection in 2026

December 19, 2025

Wyoming Senator Cynthia Lummis, one of the most outspoken advocates for digital assets in the current session of the US Congress, will leave office in 2027.In a Friday X post, Lummis announced that she would…

4
Cryptocurrency

SEC confirms years-long director bans for former Alameda, FTX executives

December 19, 2025

Former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh will be barred from assuming company leadership roles for eight to 10 years following a court judgment.In a Friday notice,…

Economy

Economy

Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business

December 19, 2025
Economy

Musk’s $56 billion Tesla pay package must be restored as court rules cancellation was too extreme

December 19, 2025
Economy

NY Fed President Williams says some ‘technical factors’ distorted November’s CPI reading downward

December 19, 2025
Economy

Epstein files released by DOJ

December 19, 2025
Economy

Nine of the largest pharma companies ink deals with Trump to lower drug prices

December 19, 2025
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