Paypal to Cut 2000 Jobs Or 7 of Its Workforce
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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 -
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 -
7 places to retire for people who love cruises
If you plan to cruise a lot in retirement, being within driving distance of a major port can open up the world to you.MarketWatch - Business -
Indians vote in huge election dominated by jobs, Hindu pride and Modi
Yahoo News - World -
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 -
Almost a quarter of kids aged 5-7 have smartphones
The regulator calls the data a "wake up call", and says parents and industry need to do more.BBC News - Top stories -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
Logan Webb dominant for 7 innings as Giants blank Diamondbacks 5-0
Logan Webb retired 19 straight batters on his way to seven smooth innings and the San Francisco Giants beat the Arizona Diamondbacks 5-0 to open a four-game seriesABC News - Sports - MLB -
American Express says cardholders are buying lots of ‘front of cabin’ plane tickets, as total spending grows 7%
American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period.MarketWatch - Business -
GOP lawmaker blames 'Gaetz and 7 useful idiots' for House turmoil
Rep. Mike Lawler (R-N.Y.) blamed Rep. Matt Gaetz (R-Fla.) and “seven useful idiots” for turmoil in the House, saying Thursday their success in ousting former Speaker Kevin McCarthy (R-Calif.) last fall is a direct cause of today's problems for ...The Hill - Politics -
Mortgage rates top 7 percent for first time in 2024
Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie Mac. The average 30-year fixed-rate mortgage rose to 7.1 percent this week, up from 6.88 percent the week before. “As rates trend higher, ...The Hill - Politics - Mortgage -
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 -
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 -
Fed poll shows concern that inflation could stall rate cuts
Financial Times - Business - Federal Reserve -
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 -
Ex-Indiana teacher accused of encouraging classmates to beat up 7-year-old with disabilities
A former teacher in Indiana is accused of orchestrating a “Fight Club” in which he allegedly encouraged classmates to beat up a 7-year-old student with disabilities and videotaping at least one assault, according to a lawsuit filed this week.NBC News - Top stories -
New exhibit in New York re-creates Israeli music festival attacked on Oct. 7
The objects bear the scars of a massacre.NBC News - Top stories - New York -
NFL draft will include many Michigan men, maybe enough to break record set by 2022 Georgia Bulldogs
JABC News - Sports - NFL -
Netflix Dealt With the Freeloaders. Its Next Act Will Be Tougher.
The decision to stop reporting subscriber numbers will put a greater focus on revenue growth—and advertising.The Wall Street Journal - World - Netflix -
The Mayorkas impeachment was quickly dismissed, but its politics may not be
However you viewed the Mayorkas impeachment articles, its politics was brutal for Senate Democrats.The Hill - Politics -
Columbia Fails to Protect Its Jewish Community
A toothless task force and other measures haven’t stopped antisemitism from flourishing on campus.The Wall Street Journal - World -
Google Revamps Its Corporate Structure Around AI
The tech giant is making a series of transformers-like organizational changesto streamline its divisions around AI, moves evenOptimus Prime would envy.Inc. - Business - Google -
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 -
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 -
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