Economy & Markets
Meta Says Zuckerberg Will Stay in California If Wealth Tax Passes
LEDE Meta stated that Mark Zuckerberg will keep living in California if a proposed wealth tax passes into law, a…
UK Tank Barrel Production Resumes After Two Decades Abroad
The UK is resuming tank barrel production for the first time in two decades, with the defence secretary declaring the…
Airbnb Bans Host Requests for Strenuous Guest Chores
Airbnb guests freed from chores involving ‘significant effort’ under new global rules Accommodation platform acts after long-standing guest complaints over…
Civil Servant Admits to Juggling Multiple Jobs Amid Fraud Accusation
Kashim Chowdhury is accused of fraudulently holding multiple public sector positions and has said he was not thinking clearly when…
U.S. Withdraws Diplomats From Saudi Arabia Amid Escalating Tensions
The United States ordered the departure of non-emergency diplomatic personnel from Saudi Arabia after Houthi forces launched strikes on a…
Nasdaq Futures Drop 1.8% Amid Meta, Tesla Earnings
Nasdaq futures fell 1.8% as investors reviewed quarterly earnings from Meta and Tesla, continuing a volatile stretch for economy and…
Barclays to Cut 5,000 Jobs Amid Rising Profits and Bank Tax Concerns
Barclays has announced plans to cut 5,000 jobs, citing advances in AI and the need to prepare for a looming…
Treasury Yields May Break Out Before Fed Meeting, BMO Says
US economy and markets watchers are being told by BMO Capital Markets that treasury yields may be approaching a breakout…
Nestlé CEO says cash-strapped U.S. shoppers make for tough market
Nestlé CEO Philipp R. N. L. Navratil told CNBC that U.S. shoppers are stretched financially, describing the domestic market as…
Barclays Plans 5,000 Job Cuts in AI Efficiency Push
Barclays job cuts will affect approximately 5,000 employees as the bank shifts toward AI-powered efficiency measures, according to reporting by…