Business
Australia central bank pondered outsized rate cut in May, decided to be predictable
Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade…
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Cut
Politics
Ex-Trump official lays out why China might be "worried" to cut tariff deal
A former Trump administration official and expert on Asia highlighted on Friday why China might hesitate to strike a trade deal with the…
Business
Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US…
Business
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
Politics
Big, beautiful bomb-throwers: GOP spending hawks threaten to sink Trump's tax cut bill
A group of Senate Republicans, led by fiscal stalwart Ron Johnson of Wisconsin, are prepared to torpedo President Trump's signature tax…
Politics
Trump administration moves to cut $100 million in federal contracts for Harvard
The Trump administration is asking federal agencies to cancel contracts with Harvard University worth about $100 million, a senior…
Business
RBNZ set to make sixth rate cut and signal bias to more easing
New Zealand’s central bank is set to cut interest rates for a sixth straight meeting and signal it’s open to further easing as US trade…
Business
Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a…
Politics
Blinded by the light: House lawmaker wants Congress to cut LED glare from car headlights
Thousands of people gather on social media platforms to complain about the rise in ultra-bright headlights that can make oncoming drivers…
Business
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment priorities Westpac Banking Corp (Westpac) is planning to…
Business
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend…
Business
US: Wall St opens lower after Moody's rating cut; yields rise
Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating,…
Business
Newsom proposes $20-million funding cut for California newsrooms, citing budget issues
Gov. Gavin Newsom proposed slashing funding by 67% for a pioneering deal with Google to support struggling California newsrooms, citing…
Politics
Indonesia eyes cut in fuel imports from Singapore as part of tariffs negotiations
Indonesia could shift as much as 60% of its total fuel imports from Singapore to the United States in the early stages Indonesia plans to…
Politics
House Republicans search for waste to cut in food stamp program
House Republicans' search for waste and fraud to cut from federal spending put them on a crash course with food stamps, a massive program…
Politics
Trump proposes cut to federal rental assistance. California would be hit hard
The Trump administration wants to sharply reduce funding for federal rental assistance that helps hundreds of thousands of California…
Politics
G.O.P. Plans to Cut Medicaid Would Save Billions but Leave More Uninsured, Budget Office Says
As Republicans in Congress wrestle with options for cutting Medicaid costs, the Congressional Budget Office has estimated that the leading…
Politics
Johnson Rules Out an Aggressive Plan to Cut Medicaid as G.O.P. Moderates Waver
Speaker Mike Johnson has dropped one of the most aggressive options the G.O.P. was considering to cut Medicaid costs to help pay for…
Politics
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Volvo Cars said on Wednesday (May 7) it would…
Politics
Europe: German stocks cut losses as Merz elected as chancellor after initial setback
GERMAN shares trimmed early losses on Tuesday after conservative leader Friedrich Merz was elected chancellor during a second vote in…
News
Hegseth Orders 20 Percent Cut in Military’s Senior Ranks
Defense Secretary Pete Hegseth ordered a 20 percent reduction of four-star officers — the military’s senior ranks — continuing the wide…
Business
The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market…
News
Trump rules out firing Powell while pushing him to cut rates
US President Donald Trump insisted he does not plan to fire Federal Reserve chair Jerome Powell despite his sustained criticism over the…
Business
Indonesia seen to cut rate twice this year amid US tariff talks
Indonesia’s central bank is expected to resume monetary easing after holding its rate unchanged for three consecutive meetings, moving to…