Economy
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Sanofi, under political pressure, reduces insulin prices following in the footsteps of Eli Lilly and Novo Nordisk.
Sanofi has announced its intention to decrease the price of its most frequently prescribed insulin in the United States by…
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Goldman Sachs reduces its prediction for the US GDP following the SVB banking crisis.
Goldman Sachs has revised down its growth projection for 2023, with a reduction of 0.3 percentage points to a forecast…
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Meta, formerly known as Facebook, to lay off an additional 10,000 employees following previous job cuts in November.
Mark Zuckerberg, the CEO of Meta, announced on Tuesday that the company is planning to reduce its workforce by 10,000…
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Following Bank Failures, Mortgage Rates Experience a Significant Decline
On Monday, the average rate for the popular 30-year fixed mortgage decreased to 6.57%, as reported by Mortgage News Daily.…
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Opinion : What is the reason behind tech companies’ employee layoffs?
Mass layoffs have been attributed to various factors, including over-hiring during the pandemic and rising interest rates. Why are tech…
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Biden’s budget plans to cut the deficit by $3 trillion in the next ten years by imposing a minimum tax of 25% on the richest Americans.
President Biden’s budget proposal, which includes raising revenue by increasing taxes on oil and gas companies and the corporate tax…
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General Motors has announced that it will lay off 500 salaried employees as part of its ongoing restructuring efforts
General Motors is implementing a cost-cutting strategy by reducing its salaried workforce, a move that is in line with similar…
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British supermarkets are rationing some fresh produce due to supply chain problems causing shortages.
Supermarkets in the UK are facing shortages of certain vegetables like tomatoes, peppers, cucumbers, and lettuce, leading to the implementation…
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Fed’s Mester has expressed optimism that the current inflationary pressures can be resolved without a recession.
Cleveland Federal Reserve President Loretta Mester believes that in order to bring inflation levels back to acceptable rates, interest rates…
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Surprise decline in unemployment benefits applications in the USA
Unemployment claims in the US fell to a four-week low, contrary to expectations, to 192 thousand, pointing to the strength…
