Category: Business
Amazon Cuts 16,000 Corporate Jobs in Major Restructuring
Amazon cuts 16,000 corporate jobs in a major restructuring, bringing total layoffs since late 2025 to about 30,000.
Washington Post Faces Massive Layoffs, Shifts Coverage Ahead of Winter Olympics
The Washington Post plans major newsroom layoffs and scales back Winter Olympics coverage amid mounting financial pressure.
Tax Refunds Poised to Rise Sharply as IRS Tax Filing Season Begins
Tax refunds could rise sharply in 2026 as new deductions and credits take effect with the IRS filing season now open.
Fed’s Future in Flux: Rieder Leads Fed Chair Race as Supreme Court Weighs Autonomy Battle
Rick Rieder leads Fed chair race as Supreme Court case Trump v. Cook could reshape Fed independence in 2026.
California Post Debuts Today With Bold Mission to Shake Up Golden State Media
The California Post launches in Los Angeles, aiming to challenge legacy media with daily digital and print coverage statewide.
Wall Street Banks Report Record $134 Billion in Trading Revenue as Deal Flow Surges
Wall Street banks report a record $134B in trading revenue as dealmaking rebounds and market activity surges into 2026.
Trump Unveils $50 Billion Rural Healthcare Initiative Ahead of Midterms
Trump unveils a $50B rural healthcare initiative ahead of the 2026 midterms, touting historic funding for hospitals and care access.
Trump Proposes 10% Credit Card Interest Rate Cap, Faces Swift Pushback From Capitol Hill and Markets
Trump proposed a one-year 10% credit card interest cap. GOP leaders, banks, and markets pushed back, citing legal and economic risks.
Manufacturing Resurgence Shows Productivity Gains
U.S. manufacturing posts strong productivity gains as output rises, wages beat inflation, and business investment signals renewed momentum.
Warner Bros. Rejects Paramount Takeover Bid Again, Backs Netflix Deal
Warner Bros. Discovery urges shareholders to reject Paramount’s takeover bid, backing a Netflix merger amid media consolidation pressure.