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

Oil Prices Climb 5% After Trump Says He Does Not Want to Extend Iran Ceasefire

Oil prices climbed about 5% on Tuesday after U.S. President Donald Trump said he did not want to extend a soon-to-expire ceasefire in the Ir...
A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. (Reuters File)

Oil Prices Climb 5% After Trump Says He Does Not Want to Extend Iran Ceasefire

Oil prices climbed about 5% on Tuesday after U.S. President Donald Trump said he did not want to extend a soon-to-expire ceasefire in the Ir...
Economy

/ 12 hours ago

The Wall Street sign hangs outside the New York Stock Exchange (NYSE) building in New York City, March 11, 2025. (Reuters/Shannon Stapleton)

Wall Street Gains as AI, Earnings Momentum Outweigh Middle East Angst

Wall Street’s main indexes inched higher on Tuesday as renewed artificial intelligence optimism and strong corporate earnings bolstere...
Economy

/ 15 hours ago

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

Oil Surges, Stocks Ease From Record Highs on Tenuous US-Iran Ceasefire

Wall Street eased from record highs on Monday and oil prices spiked as increasing tensions over the crucial Strait of Hormuz gave rise to co...
Economy

/ 2 days ago

US Energy Chief Says Gas Prices Could Stay Above $3 per Gallon Until Next Year

U.S. Energy Secretary Chris Wright said on Sunday he believes gas prices have peaked but predicted that they may stay above $3 per gallon un...
Economy

/ 3 days ago

Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. (Reuters File)

Trying to Explain the Strange Universe of Cryptocurrency

One of the first lessons of economics is that money is made up. Put another way, it’s a construct: Money is only worth what we say it’s wort...
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Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. (Reuters File)

Musk Backs ‘Universal High Income’ as Best Way to Counter AI Layoffs

Elon Musk, the world’s richest person, is dominating the news cycle again with his social media post backing “universal high inc...
Economy

/ 4 days ago

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

/ 4 days 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

/ 5 days 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 ...
Economy

/ 5 days 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...
Economy

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