Job Market Remains Tepid Ahead of Federal Reserve Interest Rate Cuts
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Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - 5d -
Elon Musk says DOGE probably won't find $2 trillion in federal budget cuts
Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on a goal he set ...NBC News - 6d -
Fed officials saw need for ‘careful approach’ to future rate cuts
Minutes from December meeting show policymakers are concerned about US inflation risksFinancial Times - 6d -
Buildings gutted in Altadena as Eaton Fire remains active
Cars, businesses and homes are gutted in Altadena, California, as the Eaton Fire continues to spread. CBS News Los Angeles' Joy Benedict reports.CBS News - 6d -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - 6d -
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premisesFinancial Times - 6d -
What's a good CD interest rate in 2025?
CD rates have dropped, but they're still relatively high as 2025 begins. Here's what's considered a good rate now.CBS News - 6d -
Eagles cut reserve QB, signaling Jalen Hurts' expected return vs. Packers in 2025 NFL playoffs
Hurts missed the Eagles' final two games due to a concussionCBS Sports - 6d -
What factors drive mortgage loan interest rates?
The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.CBS News - 6d -
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles
After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.Inc. - 6d -
Job Openings Rise Unexpectedly to 8.1 Million in Resilient Labor Market
Ahead of hiring numbers due out Friday, the Labor Department said the November jump in job openings, up from 7.8 million the month before, shows companies still need workers.Inc. - 6d -
The U.S. Economy Is Stuck in a Showdown Between Trump and the Federal Reserve
The president-elect wants lower interest rates but Jerome Powell sees them staying high.Inc. - 6d -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - 6d -
Titans fire GM Carthon; Callahan to remain HC
The Titans fired general manager Ran Carthon on Tuesday after finishing 3-14 this season and earning the No. 1 pick in the 2025 draft.ESPN - Jan. 7 -
Trump: ‘Interest rates are far too high’
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...The Hill - Jan. 7 -
Job openings reverse long decline, but the U.S. labor market is still not out of the woods
President-elect Donald Trump is inheriting low unemployment after several years of strong postpandemic hiring, but he’s also confronting a weakening labor market in which fewer jobs are available ...MarketWatch - Jan. 7 -
The Top Remaining M.L.B. Free Agents at Each Position
There is still at least one superstar available, a columnist for The Athletic writes.The New York Times - Jan. 7 -
Derek Carr says he won't take a pay cut to remain with Saints: 'Especially with what I put on tape'
Questions remain about Carr's futureCBS Sports - Jan. 7 -
US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spendingFinancial Times - Jan. 7 -
Pierce operating as if he'll remain Raiders' HC
Antonio Pierce said he is continuing to fulfill his role as Raiders head coach and hasn't heard "anything different," leading to the expectation that he will stay in the role in 2025.ESPN - Jan. 6 -
HELOC interest rate pros and cons to know for 2025
A HELOC interest rate comes with some significant pros and cons in today's evolving economic climate.CBS News - Jan. 6 -
Analysts embrace ServiceTitan’s market-share potential in parade of buy ratings
The software maker for blue-collar businesses, which recently went public, draws “buy” or “overweight” ratings from at least six analysts.MarketWatch - Jan. 6 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
Questions remain in Vincent “Vinny” Ferraiolo’s 2014 death
48-year-old Vincent “Vinny” Ferraiolo was found hanging from the ceiling of his exotic pet shop in Chesterfield, Virginia on January 3, 2014. The Chesterfield Police Department ruled his death a ...NBC News - Jan. 5 -
Here are the 5 things we're watching in the stock market in the week ahead
Nvidia's Jensen Huang will be at CES, and investors will get a fresh batch of labor market data.CNBC - Jan. 5 -
Did the US jobs market hold up?
Market Questions is the FT’s guide to the week aheadFinancial Times - Jan. 5 -
ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
Saints interested in Chiefs OC Matt Nagy as candidate for head-coaching job, per report
Nagy was also the Bears' head coach for four yearsCBS Sports - Jan. 5 -
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Jan. 4 -
The Year Ahead
There’s an empty calendar spread out before us. What meaning will we give to it?The New York Times - Jan. 4 -
Sen. John Thune says House Speaker Mike Johnson has a 'really tough job' ahead
Sen. John Thune, R-S.D., the incoming Senate majority leader, said Friday that House Speaker Mike Johnson, R-La., will have a "really tough job," navigating a narrow majority.NBC News - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
The tricky year ahead for Labour
The spending review, an industrial strategy and housing present big challenges for the governmentFinancial Times - Jan. 2 -
2025 NFL QB market: Top free agents, trade targets, cut candidates, projected landing spots, contracts, more
Playing matchmaker for big names and needy teamsCBS Sports - Jan. 2 -
Real estate trends for 2025: Regional sales, interest rates, more
From home sales ramping up in the South to when mortgage interest rates could come down, NBC’s senior business correspondent Christine Romans shares everything to know before buying a home in 2025.NBC News - Jan. 2 -
Weather warnings remain as flooding clean-up starts
Hundreds of people cannot return home, roads are closed and train services cancelled due to flooding.BBC News - Jan. 2 -
Job losses at Europe’s car parts suppliers soar as vehicle market slows
Falling sales growth and excess capacity have led to sector pain that the EV transition is not easingFinancial Times - Jan. 2 -
Trump endorses Mike Johnson to remain as House Speaker
President-elect Trump rang in the new year at his Mar-a-Lago home, less than three weeks before Inauguration Day, telling reporters that he would attend President Carter’s funeral and reiterated ...NBC News - Jan. 1 -
Ambulance pressures remain as critical incident in Wales ends
Bosses urge people to be mindful of calling 999 unnecessarily amid "significant pressures".BBC News - Jan. 1