As Layoffs Sweep Through Tech, Media Companies, These CEOs Are Taking Massive Pay Cuts
As layoffs sweep through multiple business sectors, these CEOs are foregoing bonuses and slashing salaries in an attempt of solidarity with workers.
As layoffs sweep through multiple business sectors, these CEOs are foregoing bonuses and slashing salaries in an attempt of solidarity with workers.
History says Fed can't tame inflation without recession: report
Heavy snow hits southern California
The Mexican government's latest move to tighten control over its potentially lucrative lithium reserves fails to resolve the puzzle of how it can lure needed private industry expertise while keeping most profits for state coffers.
Lawmakers in British Prime Minister Rishi Sunak's Conservative Party have been told to be in parliament on Monday in a sign that a new post-Brexit deal to resolve the trading arrangements in Northern Ireland could be getting closer.
Nigerian authorities started moving sensitive voting materials under armed guard to polling units across the country while soldiers patrolled potential hot spot states and land borders were shut ahead of Saturday's national election.
Twelve Democratic-led states have sued the U.S. Food and Drug Administration to challenge certain federal restrictions imposed on the distribution of the abortion pill mifepristone, saying those limits are not supported by evidence.
The house where the University of Idaho murders occurred will be demolished after the "senseless deaths" of the victims.
Major consumer companies including Kraft Heinz Co and Conagra Brands Inc are culling product lines to combat sky-high costs and falling consumer demand, their executives said this week.
Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she wasn't surprised by the latest round of strong U.S. inflation data, which she saw as another reminder the central bank still needs to raise rates further to reduce the pressures that are pushing prices higher.
Marianne Williamson announced her intentions to seek the Democratic nomination for president in 2024, staging the first non-official challenge to Biden.
Credit Suisse Group AG's new investment banking chief, Michael Klein, is expected to lay out his plans for the division next week as questions linger about the spin-out's funding and structure, according to several people familiar with the matter.
Japanese Prime Minister Fumio Kishida said on Friday he hoped to meet the government's nominee for next central bank governor, Kazuo Ueda, as soon as he takes up his post to confirm the need for close coordination on economic policy.
Bond strategists have boosted their U.S. benchmark Treasury yield forecasts only a month after taking an axe to them, as the chances of an interest rate cut from the Federal Reserve this year have faded, a Reuters poll showed.
EU states call for stronger borders, migrant return deals
A pregnant mother sustained "serious injuries" while trying to stop a carjacker from stealing an SUV with her son inside.
Vice President Kamala Harris defended the abortion drug mifepristone on Friday, calling attacks against it another attempt to attack fundamental rights in the United States, as some activist groups work to end American sales of the pill.
U.S. consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest rates into summer.
Expectations that Federal Reserve policymakers will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed an acceleration in a key inflation gauge in January.
Blinken to meet Asia 'Quad' after China friction
January's inflation report sent ripples down the stock market Friday, as the key index measured to gauge the economy showed there is still work to be done.
Many large money managers are steering clear of Chinese assets, missing out on the nation's post-COVID stock market rally in the latest example of strategic concerns trumping juicy returns.
A slow-moving winter storm intensified over California on Friday, triggering the first blizzard warning in parts of the Los Angeles area since 1989 and creating the extraordinary sight of snowflakes swirling around the iconic Hollywood sign.
The Biden administration on Friday added Chinese and Russian companies, including Russia's No.
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