Business
Gold climbs to record high as Fed signals two rate cuts in 2025
Gold soared to a record high on Thursday (Mar 20), as the US Federal Reserve hinted at a possible easing of interest rates by half a…
Tag
Cuts
Politics
If Trump cuts Medicaid, this California Republican's House seat would be imperiled
Rep. David Valadao faced a no-win decision last month: Fall into line behind President Trump and vote for a budget resolution that would…
Politics
National park visits hit record high last year, agency reports as it endures deep cuts
As the Trump administration continues to slash the federal workforce, the National Park Service — which has lost nearly 10% of its staff…
Business
More tech layoffs hit Bay Area as HP and Autodesk announce job cuts
Another round of layoffs hit the San Francisco Bay Area’s volatile tech industry. HP Inc. plans to lay off up to 2,000 more employees as…
Politics
House narrowly OKs budget plan for trillions of dollars in tax and spending cuts
WASHINGTON — The House narrowly adopted a sweeping budget resolution Tuesday night, paving the way for massive tax and spending reductions…
Business
DBS flags 13,000 employees for upskilling, reskilling amid job cuts
DBS has identified 13,000 employees that require upskilling or reskilling, in order to enable them to be future-ready, the bank said on…
Business
Bank of Korea cuts rate to boost demand as Trump tariffs cast shadow
THE Bank of Korea (BOK) cut its benchmark interest rate in a widely expected move to support an economy jolted by political turmoil and…
Politics
Bank of Korea signals more rate cuts as Trump’s tariffs take shape
BANK of Korea (BOK) governor Rhee Chang-yong signalled more policy easing to come this year as the central bank cut its benchmark interest…
Business
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the…
Business
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial…
Business
From tech to financial services: Layoffs and job cuts in 2025
RETRENCHMENTS and unemployment have been widespread in the first two months of 2025, with job cuts announced across various industries.…
News
PBOC’s policy flip-flop sows confusion over timing of rate cuts
AT A rare press briefing back in September, China’s central bank chief Pan Gongsheng unveiled a stimulus blitz that spurred optimism for…
Politics
Trump administration cuts 2,000 USAID jobs in global shakeup
The Trump administration announced Sunday it is eliminating 2,000 positions at the U.S. Agency for International Development (USAID) and…
Politics
Trump and Musk aren't the first to make deep cuts. Clinton-era Reinventing Government saved billions
A new administration swept into Washington and announced plans to shake it up, using corporate know-how and new technology to streamline…
Politics
Even Republicans Are Worried About Trump’s Next Cuts
“Congress has to decide whether or not the Department of Education goes away,” said Balderson at the Westerville Area Chamber’s business…
Politics
DOGE’s Chaotic Nuclear Staff Cuts Included This Key Person
“Congress has to decide whether or not the Department of Education goes away,” said Balderson at the Westerville Area Chamber’s business…
Politics
You Won’t Believe How Much DOGE’s Latest Cuts Have Actually Saved
“Congress has to decide whether or not the Department of Education goes away,” said Balderson at the Westerville Area Chamber’s business…
Politics
Trump’s Next Planned Cuts Guarantee Disaster—Literally
When Trump was sworn in as president last month, the office had 936 employees. The administration plans to reduce that number to 150,…
News
Elon Musk Can’t Dodge Entitlement Cuts
There is no way to meet the goal of reducing deficits by $1 trillion without significant cuts to Social Security, Medicare, and Medicaid.…
Business
TikTok cuts trust and safety jobs in Singapore as part of global layoffs
AT LEAST a dozen TikTok employees in Singapore were let go with immediate effect, as the firm trimmed its back-end teams globally to…
Politics
Hegseth faces backlash after proposing Pentagon cuts to fund Trump's agenda
Secretary of Defense Pete Hegseth faced some heat on Wednesday after directing the Department of Defense (DOD) to find $50 billion in…
Politics
Trump’s Defense Secretary Gives Pentagon Days to Plan for Massive Cuts
Unsurprisingly, several of Trump’s claims aren’t true. The U.S. has actually allocated a total of $183 billion to Ukraine since Russia’s…
Business
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to…
Business
Ford cuts bonuses for half of middle managers
FORD Motor is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker…