Federal Reserve Chair Jerome Powell dropped a hint in Dallas about future interest rate cuts. He said, "We're in no hurry. " Why? Inflation is still hanging around, and the economy is doing just fine. He's got a point. When things are steady, there's no rush to change them. Economists think the Fed
General Motors (GM) recently let go of around 1, 000 employees as part of its cost-cutting strategy. The job cuts are aimed at reducing operational expenses and rethinking the company's priorities. Some employees were let go due to subpar performance, while others were affected by an internal reorga
Welcome to the executive shuffle! The music industry is buzzing with new hires and promotions. Let's start with EMI Records Japan. Shintaro Aki is the new managing director, bringing over 20 years of experience, including a stint at Warner Music Japan. He's known for his work with artists like Super
Auto parts retailer Advance Auto Parts has announced a significant restructuring plan. By mid-2025, the company aims to close around 500 stores and reduce some jobs. This move comes as demand for vehicle parts has decreased, with fewer people choosing to repair their cars. The automotive industry h
President Trump's second term begins on January 20, offering a chance to quickly reverse some of Biden's policies. Many of these policies were implemented through executive orders and other non-legislative means, so Trump can use similar procedures to undo them. One key area to tackle is Biden's env
Laparoscopic cholecystectomy is a common procedure to remove the gallbladder. Normally, surgeons use electrocautery, but ultrasonic dissection might be a better option. Electrocautery uses heat to cut and cauterize tissues, while ultrasonic dissection uses vibrations. For planned surgeries, ultrason
Apple's Vision Pro headset, priced at a hefty $3, 500, is facing some big challenges. The company has decided to slow down production, making only about 1, 000 units a day instead of the earlier 2, 000. It seems customers who bought the headset during the January presale were happy at first, but onc
Bitcoin, often abbreviated as BTC, has been on quite the ride. Its price recently hit an all-time high. Some traders are thinking big, with targets set at $100, 000. But hold on, there might be a bit of a pause before that happens, say some analysts. The excitement comes from President-elect Trump's
In a recent announcement, the Federal Reserve decided to lower their key interest rate by a small amount. This move comes as inflation is getting closer to the central bank's target of 2%. The Fed noted that while inflation is still a bit high, unemployment is low. They also mentioned that the job m
Elections always shake things up, and the latest one is no different. The Federal Reserve is planning to lower interest rates again on Thursday. Why? To tackle inflation, which has been bothering many Americans. But here's where it gets tricky. The new President-elect, Donald Trump, has some bold ec
