Microsoft is laying off 10,000 employees
Microsoft said it’s letting go of 10,000 employees and taking a $1.2 billion charge as the software maker braces for slower top-line growth.
Gun companies reckon with declining demand after pandemic surge
Large firearm manufacturers such as Sturm, Ruger are taking a hit as gun sales, which surged in recent years, return to pre-pandemic levels.
Mortgage demand jumps nearly 28% in one week, as interest rates drop to lowest point in months
Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market.
10-year Treasury yield tumbles below 3.44% after producer prices decline by more than expected
U.S. Treasury yields fell on Wednesday as December’s producer price index hinted that inflation may have reached its peak.
Embattled Rep. Santos awarded seats on Science and Small Business committees
Some Republicans had called for the New York Republican to be barred from all committees after lying about major parts of his personal biography.
United results top estimates as demand remains resilient despite high fares
United Airlines’ fourth-quarter profit topped Wall Street estimates thanks to strong demand and high fares.
Gen Z is driving luxury sales as wealthy shoppers get younger
Analysts and luxury executives say the appeal of luxury brands to ever-younger consumers is tied to a surge in wealth creation over the past few years, along with social media.
Fed directs big banks to disclose how they are preparing for climate change risks
The institutions are to show the impact that climate could have on their loan portfolios and commercial real estate holdings.
Biden is ‘fully cooperating’ with DOJ probe of his handling of classified documents, White House says
“It’s important to really understand the distinction here: President Biden is committed to doing the responsible thing and acting appropriately.”
Losing GOP candidate arrested in string of shootings at New Mexico Democrats’ homes
Albuquerque police announced the arrest of Solomon Peña on Monday. He had expressed anger over his November loss and alleged that election fraud played a role, police said.
