Markets fully price in quarter-point interest rate hike in February as inflation slows
Pricing Wednesday morning pointed to a 94.3% probability of a 0.25 percentage point hike at the Federal Reserve’s two-day meeting that concludes Feb. 1.
Amazon cited by Labor Department for exposing warehouse workers to safety hazards
Federal officials found Amazon workers at the facilities were exposed to “ergonomic hazards” such as lower back injuries.
Rep. George Santos denies taking money from GoFundMe for disabled veteran’s dying dog
Santos, who was already facing bipartisan calls for his resignation, reportedly denied the reporting as “Fake.”
Federal Reserve Chairman Jerome Powell tests positive for Covid
Powell is experiencing “mild symptoms,” according to the announcement.
Amazon set to begin new round of layoffs affecting more than 18,000 people
Earlier this month, CEO Andy Jassy said in a memo the company was looking to eliminate as many as 18,000 roles.
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.
