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Meta Targets May 20 for First Wave of Layoffs, More Cuts Later
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Business

Meta Targets May 20 for First Wave of Layoffs, More Cuts Later

Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later, three sources familiar wit...
Cars drive past a sign of Meta, the new name for the company formerly known as Facebook, at its headquarters in Menlo Park, California, U.S. October 28, 2021. (Reuters/File)

Meta Targets May 20 for First Wave of Layoffs, More Cuts Later

Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later, three sources familiar wit...
Business

/ 23 minutes ago

A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. (Reuters/Arathy Somasekhar)

Oil Falls by 13% After Iran Declares Strait of Hormuz Open

Oil prices plunged by about 13% on Friday after Iran’s foreign minister said passage for all commercial vessels through the Strait of ...
Economy

/ 6 hours ago

U.S. President Donald Trump walks to speak to reporters as he arrives at Miami International Airport in Miami, Florida, U.S., March 27, 2026. (Reuters/Elizabeth Frantz)

Trump Tries Economic Reset as Republicans Fret Over High Gas Prices

President Donald Trump will look to brush off concerns about the economy and the sagging political prospects of his Republican Party during ...
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/ 1 day ago

Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, U.S., January 13, 2026. (Reuters/Brendan McDermid)

Wall Street Indexes Open Higher as Mideast Diplomacy Hopes, Earnings Lift Sentiment

Wall Street’s main indexes opened higher on Thursday on rising hopes that the worst of the Middle East conflict had passed, while a wa...
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/ 1 day ago

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo

Oil Prices Rise on Doubts US-Iran Peace Talks Will Ease Hormuz Disruption

Oil prices rose over 1% on Thursday, reversing earlier declines as the market questioned whether peace talks between the U.S. and Iran would...
Economy

/ 1 day ago

A logo is displayed at the Nasdaq stock market site in New York City, U.S., April 7, 2025. (Reuters/Kylie Cooper)

Nasdaq Sets Record Highs as Investors Return to Tech Stocks

The Nasdaq hit an intraday all-time high and closing record on Wednesday, its first since October, as investors returned to technology stock...
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/ 2 days ago

Jerome Powell, the Federal Reserve chair, arrives to testify on Capitol Hill in Washington, Feb. 11, 2025. President Donald Trump vowed on April 15, 2026 to fire Powell if he opted to stay on at the Federal Reserve after his term as chair ends. (Haiyun Jiang/The New York Times)

Trump Threatens To Fire Powell if He Does Not Resign From Fed

President Donald Trump on Wednesday vowed to fire Jerome Powell if he opted to stay on at the Federal Reserve after his term as chair ends, ...
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/ 2 days ago

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. (Reuters File)

Oil Steady as Hormuz Shipping Constraints Counter US-Iran Peace Hopes

Oil prices were little changed on Wednesday after U.S. President Donald Trump said the war with Iran could end soon, telling the world to wa...
Economy

/ 2 days ago

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 24, 2026. (Reuters File)

Wall Street Rallies on Renewed Hopes for US-Iran Talks, Earnings Boost

Wall Street’s main indexes and the S&P 500 neared its record closing high as investors were optimistic about prospects to resolve ...
Economy

/ 3 days ago

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo

Oil Jumps Nearly 7% to Above $100 Ahead of US Blockade on Iran

Oil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared to block ships to and from Iran via the Strait of Hormuz in a...
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