Amazon Still Fully Committed to Alexa Despite Job Cuts Hardware Chief Says
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Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Ericsson will cut 1,200 jobs in Sweden
Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment.CNBC - Business -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Newest ECB board member says it can cut rates ‘swiftly’ despite rising wages
Piero Cipollone’s comments indicate he may argue for loosening monetary policy at bank’s April meetingFinancial Times - World -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - World - California -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - World -
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes
The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.The Wall Street Journal - Business -
California Restaurants Cut Jobs as Fast-Food Wages Set to Rise
Chains lay off workers and shave hours ahead of a state minimum-wage increase; California fast food workers will earn $20 an hour starting in April.The Wall Street Journal - Business - California -
Vodafone Germany cutting 2,000 jobs as part of savings programme
Yahoo News - World -
Biden administration commits $6B to cut emissions from high-carbon industries
Presented by Panasonic — The Biden administration is committing $6 billion toward cutting planet-warming emissions from some of the nation’s most polluting and difficult-to-decarbonize sectors. {beacon} Energy & Environment Energy & Environment ...The Hill - Politics - Joe Biden -
Automakers beware: BYD can still afford to cut prices
EV giant has scope to sacrifice short-term profits to try to win a fierce battle for market shareFinancial Times - Business -
UN expert says Israel committing genocide in Gaza
Jewish state rejects claim made by special rapporteur to human rights councilFinancial Times - Business - Israel -
They Chose to Take a Pay Cut---and Say They're Happier
Switching to a job with a lower salary often means trimming your expenses, but it can come with a raise in free time and work-life balance.The Wall Street Journal - World -
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.
Ericsson will cut around 1,200 jobs in Sweden as the telecom-equipment company adjusts to a lower-volume environment.The Wall Street Journal - World -
Citi’s Jane Fraser tells employees to ‘believe’ while suggesting more job cuts
Fraser said that in the coming weeks, “this final phase of changes will affect the largest number of colleagues at any point during the reorganization.”MarketWatch - Business -
Bellway chief says housing market ‘on the road to recovery’
FTSE 250 developer says stabilising mortgage rates have fed through to rising sales since start of yearFinancial Times - World -
Stocks surge after Fed indicates three rate cuts still coming this year
The S&P topped 5,200 for the first time Wednesday after the Federal Reserve said it was still targeting three rate cuts in 2024. Markets had feared hotter-than-expected inflation and jobs data would persuade the Fed to trim its timeline.CNN - Top stories - Federal Reserve -
Why Treasury Yields Are Rising Despite Rate-Cut Expectations
The yield on the government’s 10-year note has climbed since the start of the year, propping up mortgage rates.The Wall Street Journal - World -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Israel not allowing UNRWA aid into northern Gaza, agency chief says
Yahoo News - World - Israel -
Border Patrol chief says tougher policies needed to deter migrants crossings
Border Patrol chief Jason Owens said the U.S. government needs to implement tougher immigration policies, including by jailing migrants, to deter unlawful crossings.CBS News - Politics -
Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy
While U.S. allies and adversaries may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are overly impressed by the U.S. economic engine,” he said.MarketWatch - Business - Donald Trump -
Boeing chief must have engineering background, Emirates boss says
Top customer of US airline maker also backs union seat on the boardFinancial Times - Business -
Bertelsmann would consider deal to expand music business BMG, says chief
Europe’s largest media group open to ‘joining forces’ after previous expansion attempts were scuppered by regulatorsFinancial Times - Business -
Ecommerce tariffs will kick in from 2026, says WTO chief
Ngozi Okonjo-Iweala claims move to end exemption ‘sends signal’ for governments and businesses to prepare for new regimeFinancial Times - World -
Maryland governor vows to deploy all resources as search continues for six missing people after Baltimore bridge collapse – live
Wes Moore says rescuers have deployed air, land, and sea methods to help search for survivors. Full report – at least six missing as Biden laments ‘terrible accident’Have you been affected by the Baltimore bridge collapse?Pete Buttigieg, the ...The Guardian - World -
Raiders' Antonio Pierce says Aidan O'Connell 'earned the right' to compete for 2024 starting QB job
'Whatever we do, it has to go through Aidan'CBS Sports - Sports - NFL -
Aluminum company says preferred site for new smelter is a region of Kentucky hit hard by job losses
Gov. Andy Beshear says an aluminum company has singled out northeastern Kentucky as its preferred site for a new aluminum smelterABC News - Top stories -
Steelers' Mike Tomlin says Russell Wilson has 'pole position' for starting QB job
Russell Wilson’s resume and experience give him the edge over Justin FieldsABC News - Sports - NFL -
AI ‘apocalypse’ could take away almost 8m jobs in UK, says report
Women, younger workers and lower paid are at most risk from artificial intelligence, says IPPR thinktank. Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger ...The Guardian - World - Artificial Intelligence -
Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research
Wage increases for in-person jobs coincide with more companies cracking down on enforcing their return-to-office mandates.CNBC - Business -
McCaul says Johnson is committed to put a vote for Ukraine funding on the floor after Easter
Rep. Michael McCaul (R-Texas) said Speaker Mike Johnson (R-La.) is committed to putting a vote for Ukraine funding on the House floor some time after Easter. "His commitment is to put it on the floor after Easter and we are working on this bill," ...The Hill - Politics - Ukraine -
Why Knicks still need a healthy Julius Randle to be true title contenders, despite recent hot streak
Randle has been out since late January with a shoulder dislocationCBS Sports - Sports -
Jerod Mayo says Patriots' 'priority' is to draft a quarterback, but 'all the options are still open'
The Patriots own the No. 3 overall pick in next month's NFL DraftCBS Sports - Sports - NFL -
Amid book bans, DEI cuts and 'Don't Say Gay' laws, 7 states will mandate LGBTQ-inclusive curricula
Washington will now mandate that the state’s public schools teach LGBTQ history, as red and blue states continue to diverge on whether schools should expose kids to gay and trans identities.NBC News - Politics -
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objections
NBC says it will cut ties with former Republican National Committee head Ronna McDaniel after employee objectionsABC News - Entertainment -
NBC has cut ties with former RNC head Ronna McDaniel after employee objections, some on the air
NBC News will cut ties with former Republican National Committee chief Ronna McDaniel, hired last week as an on-air political contributorABC News - Entertainment -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve