Visa to Slash 7 Percent of Workforce
Visa will eliminate about 2,600 jobs, or 7 percent of its workforce, the payment processor confirmed to The Epoch Times on July 28.The...
Signs of Strain Could Be Emerging in the AI Spending Boom
Cracks in Big Tech’s artificial intelligence-fueled spending binge could be forming across stocks and bonds.Wall Street was displeased last week when Alphabet and...
Fed Kicks Off 2-Day Meeting to Debate Next Rate Decision
Beginning on July 28, Federal Reserve leadership will be immersed for two days in what Chairman Kevin Warsh has termed a “family fight”...
US Not Renewing US–Mexico–Canada Trade Pact
The United States has chosen not to renew the U.S.–Mexico–Canada Agreement (USMCA), senior administration officials confirmed on July 1.“In accordance with the Agreement,...
Surging US Treasury Yields Send 30-Year Mortgage Rate to 6.58 Percent
Prospective homebuyers are navigating a housing market amid the highest borrowing costs in almost a year, squeezing budgets and limiting purchasing power, new...
Capex Growth Jitters Drag Down Shares of Alphabet, Tesla
Wall Street is nervous about rising capital expenditures (capex) among the artificial intelligence (AI) hyperscalers, as shares of Alphabet and Tesla Motors sank...
Unemployment Claims Plunge to the Lowest Level Since 1969
Weekly applications for unemployment benefits have fallen sharply to their lowest level in almost 60 years, as the U.S. labor market remains steady.Initial...
Sen. Ron Wyden Introduces Bill to Return Tariff Authority to Congress
Sen. Ron Wyden (D-Ore.) introduced legislation on July 22 that would return tariff authority to Congress, curbing President Donald Trump’s trade policy powers.Although...
Trump Imposes New Forced-Labor Tariffs on 60 Trade Partners—What to Know
President Donald Trump imposed new tariffs on 60 economies on July 24, shortly after midnight, over alleged forced-labor violations.The White House proposed last...
