Musk Begins His Twitter Revamp With 50% Layoffs
Reports indicate Elon Musk will begin his revamp of Twitter on Friday, with an expected cut of 50% of the workforce, and then on Monday he will implement a controversial…
Bank of England Raises Interest Rates 75 Basis Points
On Thursday the Bank of England announced it would hike interest rates by 75 basis points – the biggest rate increase it has implemented in 30 years, as it battles…
Canada Orders Chinese Companies To Divest From Critical Minerals Sector
Just days after the Canadian government introduced tougher rules on foreign investments in Canadian mining companies, the government has ordered three Chinese firms to divest their interests in critical minerals…
Bloomberg Predicts Jobs Growth Will Slow In Friday’s Report
Bloomberg issued predictions for the forthcoming jobs report from the Bureau of Labor Statistics, predicting that jobs growth will have slowed in October as the Federal Reserve pushed ahead with…
IEA Predicts 2023-2024 Winter Will Be Worse Than The Upcoming Winter
On Thursday, the International Energy Agency (IEA) said in a new report on the future of the energy market, that the EU may have to continue to endure the present…
Germany Will Cap Power Prices For Consumers
In its latest attempt to confront the energy crisis afflicting Europe, Germany has announced it will cap energy prices for electricity, for both households and industrial consumers, according to a…
British Inflation Soars To A New Record
New figures released by the British Retail Consortium-Nielsen Shop Price Index on Wednesday showed that in October, food inflation in the UK soared to a record 11.6%, with even basics…
Meta Introduces New Tools To Help Users Monetize
On Wednesday, Meta Platforms announced it was beefing up its offering of features on Instagram, including a new tool allowing users to trade digital collectibles, as it looks to help…
Dine Brands Offers New Deals At Applebee’s And IHOP To Drive Traffic
Dine Brands (DIN) CEO John Peyton says that as the economy is passing through a difficult period, he feels customers could use a little help. To lead by example, he…
Fed Hikes Rates 75 Basis Points For Fourth Time In A Row
On Wednesday the Federal Reserve announced it had raised interest rates for a fourth time by 75 basis points, although policymakers hinted that they might slow the pace of the…
