Breaking News: Economy
Meta announces end of DEI programs. Read the internal memo
Meta on Friday told employees that its plans to end a number of internal programs designed to increase the company’s hiring of diverse candidates, the latest dramatic change ahead of President-elect Donald Trump’s second White House term. Janelle Gale, Meta’s vice president of people, made the announcement on the company’s Workplace internal communications forum. Among […]
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Airlines extend travel waivers due to LA wildfires
In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty Images Airlines have extended travel waivers for Los Angeles airports as wildfires continue to burn in the area. American Airlines, […]
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U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
Job growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year. Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday. The unemployment rate […]
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Delta outlook tops estimates as CEO expects 2025 to be airline’s ‘best financial year in our history’
Ed Bastian, CEO of Delta Airlines, speaking on CNBC’s Power Lunch on Dec. 17th, 2024. Adam Jeffery | CNBC Delta Air Lines‘ first-quarter outlook on Friday topped analyst expectations as the carrier forecast strong travel demand to start the year, which CEO Ed Bastian said will likely be the carrier’s best ever. Delta said it […]
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Fed Governor Bowman says December interest rate cut should be the last
Key Points Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the “final step” in the easing process. Even with the full percentage points of cuts from September through December, there are still “upside risks to inflation,” she added. Other Fed speakers this […]
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Los Angeles wildfires latest: Nearly 180,000 people under evacuation orders, county sheriff says
Oscar nominations delayed amid wildfires Preparations continue along Hollywood Blvd for the 96th Academy Awards Awards in Los Angeles, California U.S., March 8, 2024. Mike Blake | Reuters The Academy of Motion Picture Arts and Sciences has delayed the nomination voting period for the 97th Oscars Ceremony by two days. The delay will push the […]
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Lebanon’s army chief elected president, showing regional shifts
Lebanese lawmakers attend a parliamentary session to elect a president, in Beirut, on Jan. 9, 2025. Anwar Amro | Afp | Getty Images Lebanon’s parliament elected army chief Joseph Aoun head of state on Thursday, filling the vacant presidency with a general who enjoys U.S. approval and showing the diminished sway of the Iran-backed Hezbollah […]
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Fed officials are worried about the inflation impacts from Trump’s policies, minutes show
Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions […]
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Stocks making the biggest moves midday: Edison International, eBay, Getty Images and more
Check out the companies making headlines in midday trading. eBay – Shares jumped 9.7% and touched 52-week highs after announcing that Meta is testing using its listings on Facebook Marketplace . Buyers from Facebook will be redirected to eBay to complete transactions. The gain put the stock on track for its best day since late […]
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Janet Yellen: Covid stimulus may have contributed ‘a little bit’ to inflation
Treasury Secretary Janet Yellen said Wednesday that the stimulus spending signed into law by President Joe Biden to aid the U.S. recovery from the Covid-19 pandemic may have contributed “a little bit” to the country’s subsequent inflation woes. But the widespread rise in prices that marred the Democrat’s administration was mostly “a supply-side phenomenon” caused […]
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