Ibm to Cut 3900 Jobs Amid Broader Tech Slowdown
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Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.MarketWatch - Business -
Cramer says two recent earnings reports may indicate a slowdown is brewing — but not enough for a Fed cut
CNBC's Jim Cramer said disappointing quarters from trucker J.B. Hunt and real estate investment trust Prologis could mean an economic slowdown is brewing.CNBC - Business -
Job Confidence Dips Among U.S. Workers
New LinkedIn data shows that Americans are feeling less secure in their jobs than in January. The sentiment among job seekers is even worse.Inc. - Business -
Indians vote in huge election dominated by jobs, Hindu pride and Modi
Yahoo News - World -
Tech, Media & Telecom Roundup: Market Talk
Find insight on Pure Storage, Shopify, Canadian telecoms, Intuitive Surgical, and more in the latest Market Talks covering the Tech, Media and Telecom sector.The Wall Street Journal - World -
House advances aid bills for Israel, Ukraine, putting Johnson's speaker job in jeopardy
House Speaker Mike Johnson has introduced several standalone measures to provide funding for American allies abroad and U.S. border security, but a handful of Republicans really hate the idea. CBS News congressional correspondent Nikole Killion is ...CBS News - Top stories -
TV and film jobs may never fully recover post-pandemic, strikes, says Teamsters president
When it comes to film and TV jobs, "you'll hear the word 'contraction' a lot," said Teamsters president Tommy O'Donnell on a recent MediaMKRS panel.CNBC - Business -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
How No-Code and Low-Code Tech Is Changing Innovation and Design
The arrival of no-code and low-code platforms have tech giants advocating for intuitive technology design.Inc. - Business -
Netflix’s stock has worst day in two years as its ‘rite of passage’ gets panned
Other tech companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.MarketWatch - Business - Netflix -
China moves to boost foreign investment in domestic tech companies
Yahoo News - World - China -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Cramer’s week ahead: Earnings from Tesla, Merck and Big Tech
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.CNBC - Business -
From WhatsApp to Greggs - why is tech going down more?
Experts say tech outages do seem to be happening more often.BBC News - Top stories -
His goal likely saved Ferguson's job at Man United. Now Coventry coach could push Ten Hag near exit
In 1990 Mark Robins scored a goal that has long been credited for saving former Manchester United manager Alex Ferguson his job and provided the platform for more than two decades of successABC News - Sports -
39-year-old left full-time job to grow her side hustle—now she makes $279,000 a year without working 'all the time'
Bernadette Joy started her money coaching business as a side gig, before realizing she could use it to increase her income while spending less time working.CNBC - Business -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
Billy Joel special to air again after abrupt cut-off on CBS
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."CBS News - Entertainment -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Nissan Motor Cuts Annual Profit Estimate on Lower Vehicle Sales
Nissan Motor cut its net profit estimate for the fiscal year, missing analysts’ expectations, as it sold fewer cars than previously expected due to heightened competition.The Wall Street Journal - World -
British retail sales stagnate as shoppers cut back on groceries
Economists had expected 0.3% expansion in MarchFinancial Times - World -
Artist evicted by London landlord cuts rent by commuting from Argentina
Andy Leek, creator of Notes to Strangers, made the move after finding himself unable to afford rising rents in UK capital. An artist who was made homeless after being evicted by his private landlord in London has started effectively commuting from ...The Guardian - World -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Antisemitic false quote cut from Liz Truss memoir
The ex-PM's publishers apologise and agree to remove a fake quote tied to an antisemitic conspiracy theory.BBC News - Top stories - United Kingdom -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Jeremy Hunt targets further 2p cut in national insurance
Tories aim for pre-election announcement despite warnings from IMF about UK’s fragile financesFinancial Times - Business - United Kingdom -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Medicare ignored expert advice to cut tests for transplant patients: Report
Contractors for the Centers for Medicare and Medicaid Services (CMS) cut access to tests for transplant patients that could show early signs of organ rejection despite expert physicians advising the opposite, a new report has found. The Health ...The Hill - Politics -
App to cut EU border queues won't be ready in time
An app to ease predicted queues under a new EU border system won't be ready in time, says Eurostar boss.BBC News - Top stories - European Union -
Microsoft Makes High-Stakes Play in Tech Cold War With Emirati A.I. Deal
Microsoft said it would invest $1.5 billion in G42, an Emirati company with ties to China, as Washington and Beijing maneuver to secure tech influence in the Persian Gulf.The New York Times - Tech - Microsoft -
Turkey Earthquake Trial Opens Amid Anger and Tears
More than 300 people were killed when temblors toppled an upscale residential complex. Survivors hope a court will punish the men who built it.The New York Times - World - Turkey -
Breakups, fantasies and her most cutting lyrics: inside Taylor’s Swift’s The Tortured Poets Department
What are the big takeaways from Swift’s new album? She’s refining her sound, confronting elements of her fanbase and done with romantic idealisation. • Read Alexis Petridis’s four-star review of the album. Swift named an entire album after the ...The Guardian - World -
Eating within limited hours can help with weight loss — but that may be because it cuts calories
A new study compared how much weight people lost on time-restricted versus regular meal schedules.NBC News - Top stories -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Nissan cut its net profit estimate for the fiscal year, missing analysts' expectations, as it sold fewer cars than expected.
Nissan cut its net profit estimate for the fiscal year, missing analysts’ expectations, as it sold fewer cars than expected.The Wall Street Journal - World -
What to know about nuclear fusion amid congressional push
A bipartisan group of lawmakers has introduced a bill supporting the development of nuclear fusion power. Hank Jenkins-Smith, professor of public policy at the University of Oklahoma, joins CBS News to discuss.CBS News - Top stories -
Doctors call to expand syphilis testing during pregnancy amid recent surge
A coalition of doctors are sounding the alarm on the need for increased syphilis testing for pregnant individuals, amid a recent surge of the sexually transmitted infection in U.S. newborns. The American College of Obstetricians and Gynecologists ...The Hill - Politics -
Israel's Attack on Iran Appears Fairly Limited, Easing Pressure on Oil Markets
Israel’s missile strikes against Iran overnight seem fairly limited, pointing to a de-escalation of conflict that is expected to diminish the oil market’s geopolitical risk premium in the short term, according to DNB Markets.The Wall Street Journal - World - Iran