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Citigroup Slashes Jobs as Cost-Cutting Continues

Targets include senior managers in the banking giant’s wealth, technology and data analysis units.

Inc. - Jan. 17

Rahm misses cut, McIlroy struggles in Dubai

Jon Rahm and Viktor Hovland missed the cut and Rory McIlroy was forced to battle to make the weekend as the headline acts struggled at the Dubai Desert Classic.

ESPN - Jan. 17

Biden pardons nearly 2,500 nonviolent drug offenders

"With this action, I have now issued more individual pardons and commutations than any president in U.S. history," President Joe Biden wrote in his announcement Friday.

ABC News - Jan. 17

Joe Biden commutes sentences of nearly 2,500 non-violent drug offenders

Total number of pardons and commutations issued by US president is now higher than any of his predecessors. Joe Biden , who leaves office next week, announced on Friday he was commuting the ...

The Guardian - Jan. 17

What Did Trump’s Tax Cuts Do?

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

The New York Times - Jan. 17

Biden commutes the sentences of nearly 2,500 non-violent drug offenders

President Biden on Friday announced he would commute the sentences of nearly 2,500 people convicted of non-violent drug offenses as one of his last major moves just days before leaving office. ...

The Hill - Jan. 17

How Trump’s Treasury Nominee Allegedly Avoided Nearly $1 Million in Taxes

Hedge fund manager Scott Bessent is facing questions about his personal taxes at a hearing on his treasury secretary nomination.

Inc. - Jan. 16

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

CNBC - Jan. 16

Nearly 330,000 smoke alarms sold by HSN recalled due to malfunction

There have been 8 reports of made-in-China alarms sold by HSN nationwide and online not sounding in response to smoke.

CBS News - Jan. 16

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance

Financial Times - Jan. 16

BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.

BBC News - Jan. 16

Inflation Rose in December, Putting Rate Cuts Into Question

The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.

Inc. - Jan. 15

Missile Attack Prompts Emergency Power Cuts in Ukraine

President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.

The New York Times - Jan. 15

Lloyds to cut 500 jobs and close two offices

UK bank to review more than 1,500 jobs across multiple departments

Financial Times - Jan. 15

Nearly Half of Adults Worldwide Hold Antisemitic Views, Survey Finds

A fifth of the respondents haven’t heard of the Holocaust, during which six million Jews were killed, while 21% believe it has either been exaggerated by historians or it never happened.

The Wall Street Journal - Jan. 14

China’s Trade Surplus Reaches a Record of Nearly $1 Trillion

China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.

The New York Times - Jan. 13

Cutting aeroplane contrails is an easy climate win

Tackling these emissions should be simple, fast and cost-effective

Financial Times - Jan. 13

U.S. Companies Cut Diversity Efforts as Challenges Mount

At least six major U.S. companies modified their DEI policies last year.

Inc. - Jan. 10

Rams-Vikings Relocation Nearly Unprecedented in NFL History

Ultimately, the NFL had no choice. On Thursday, as multiple fires continued to burn across Los Angeles, the league announced it would move Monday night’s wild card game between the Los Angeles Rams ...

Yahoo Sports - Jan. 10

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - Jan. 10

Biden extends legal status of nearly 1 million immigrants

The Biden administration announced it would extend the temporary legal status of nearly 1 million immigrants from El Salvador, Sudan, Ukraine and Venezuela.

CBS News - Jan. 10

Meta cutting DEI team, programs in broad shift

Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...

The Hill - Jan. 10

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - Jan. 10

TGL golf league debut draws nearly 1M viewers

This week's debut of the TGL indoor golf league drew nearly a million viewers on ESPN, according to Nielsen.

ESPN - Jan. 9

Cutting out alcohol for "Dry January"

Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.

CBS News - Jan. 9

‘Essential’: nearly 800 incarcerated firefighters deployed as LA battles wildfires

The firefighters earn $5.80-$10.24 per day plus $1 an hour when responding to active emergencies, according to CDCR. LA fires live updates: California wildfires latest news Californians: have ...

The Guardian - Jan. 9

Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The New York Times - Jan. 8

Why eggs are nearly $9 a dozen in California — and when prices could drop

Egg prices at the grocery store shocked many consumers over the recent holiday season, and those prices are expected to continue to climb after an unanticipated spike in the number of bird flu ...

MarketWatch - Jan. 8

US applications for jobless claims fall to 201,000, lowest level in nearly a year

U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs

ABC News - Jan. 8

Washington Post cutting 4 percent of workforce

The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...

The Hill - Jan. 7

Toyota is 'exploring rockets' with nearly $45 million investment in Japanese launch startup, chairman says

Toyota Motor is exploring the development and production of orbital rockets, Chair CEO Akio Toyoda said Monday.

CNBC - Jan. 7

Palo Alto Networks’ stock could fall nearly 30% if this ‘sell’ call plays out

A Guggenheim analyst says that investors should take a closer look at several key metrics.

MarketWatch - Jan. 6

Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners

President Joe Biden on Sunday signed the Social Security Fairness Act into law, clearing the way for nearly 3 million public workers including teachers, firefighters and police to see an increase ...

NBC News - Jan. 6

LA tech entrepreneur nearly misses flight after getting trapped in robotaxi

Mike Johns’ self-driving car started circling a parking lot, but he recognizes there are ‘glitches that need stitches’. A tech entrepreneur based in Los Angeles became trapped in a malfunctioning ...

The Guardian - Jan. 6

Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners. Here's what that means for retirees

Two provisions have been eliminated that reduced Social Security benefits for public workers who receive pensions. Here's what that means for retirees.

CNBC - Jan. 6

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