Amazon's latest round of layoffs will eliminate over 2,200 corporate positions in the Seattle region, part of a broader 16,000-person global workforce reduction. The cuts, effective from late April, add to a wave of job losses hitting Washington's tech sector.
In the oil-rich state of Zulia, PDVSA workers and pensioners view sweeping industry reforms, enacted after U.S. political intervention, with a volatile mix of fragile hope and deep-seated skepticism. While some anticipate long-awaited economic relief, others dismiss the changes as political theater unlikely to reverse decades of decline.
The Federal Reserve left interest rates unchanged, signaling confidence in a solid economy while inflation remains above target. The decision sets up a continued clash with a President demanding deeper cuts.
The United States is conducting multi-day air force exercises in the Middle East, showcasing rapid deployment capabilities, as former President Donald Trump renews threats of military action against Iran unless it returns to nuclear negotiations. The drills occur against a backdrop of heightened rhetoric and regional unease.
In a rare show of unity, Pennsylvania's political leaders from both parties are rallying behind the state's famed weather-predicting groundhog, pushing back against an animal rights group's call to replace the living animal with a digital projection.
Moving to a state with no income tax might seem like a clear financial win, but the reality is more complex. Higher sales, property, and overall living costs in these states often offset the initial paycheck boost, creating a nuanced picture of who truly benefits.
A second round of trilateral negotiations involving the United States, Russia, and Ukraine is set to begin in the United Arab Emirates this week, following a brief pause in attacks on Kyiv that has cautiously raised hopes for de-escalation.
If confirmed, incoming Fed Chair Kevin Warsh will inherit a booming yet bifurcated economy. Despite strong GDP growth and a surging stock market, stagnant hiring and sinking consumer confidence present a policy puzzle where interest rate cuts may offer no easy fix.
A new Penn State report uncovers that soaring iGaming revenues in Pennsylvania are driven disproportionately by a minority of big spenders, raising questions about industry sustainability and consumer protection.
A new report from crypto market maker Wintermute Ventures forecasts a seismic shift, arguing that blockchain-based prediction markets will begin displacing traditional insurance by making hyper-specific risks tradable. The firm outlines a future where decentralized infrastructure becomes the new clearing layer for a programmable global economy.
A volatile January has underscored a stark shift for investors: political shocks emanating from Washington now pose a greater threat to portfolios than traditional economic or earnings concerns, reshaping risk calculus across global markets.
A prolonged, nationwide internet blackout in Iran, imposed during recent unrest, has crippled businesses and severed global connections for millions, revealing the deep fragility of an economy already under strain.
Seven Wisconsin employers filed WARN notices in January, yet the state's unemployment rate held steady at a low 3.1%. Economists point to a cooling but stable labor market, with significant workforce changes driven by retirements and sectoral shifts.
Amid a fragile de-escalation, Tehran confirms it is reviewing regional mediation proposals and expects a framework for renewed negotiations with Washington within days, though significant hurdles remain.
A partial government shutdown triggers furloughs, the Grammys become a platform for political statements, and nationwide protests over immigration policy unfold amid a severe winter storm's aftermath.
Senior U.S. envoy Steve Witkoff is set to arrive in Jerusalem for meetings with Prime Minister Netanyahu and military leaders, as Washington seeks to navigate escalating regional tensions with Iran and advance efforts to end the Gaza conflict.
The UK pharmaceutical giant AstraZeneca begins trading ordinary shares on the New York Stock Exchange today, a significant upgrade from its previous Nasdaq ADR listing. This move underscores the company's strategic rebalancing towards the United States, its largest market, and raises questions about the long-term relevance of its London listing.
Singapore will establish its National Space Agency on April 1st, aiming to leverage its technological prowess to secure a strategic position in the rapidly expanding global space economy, as global investments continue to soar.
As the EU's landmark 'Next Generation' fund nears its final payout deadlines, its ambitious goal of modernizing the bloc's economy is being hampered by bureaucracy, skills gaps, and questions over long-term sustainability, despite pockets of innovation.
Iran's Supreme Leader Ali Khamenei has issued a stark warning that any U.S. military action against Tehran would escalate into a regional war, accusing Washington of coveting Iran's energy resources. The warning comes amid heightened tensions and internal unrest following deadly protests.
