Annual grants of HK$2,500 (US$321) for each of the nearly 800,000 students in Hong Kong will be cut, while spending on public universities will be slashed by HK$2.8 billion over the next three years, leaving parents unhappy about the way the government opted to tighten its belt. In an unprecedented move, the government also said…
News of more layoffs for federal workers is prompting increased concern about the repercussions of those cuts.“There are ways to cull federal service. This is not the way to do it,” said a local federal worker who asked not to be identified.On Thursday and Friday, the federal government laid off thousands of workers as part…
Trump talk of reducing or relocating federal workers hits home in Maryland. The state ranks fourth in the country for the most federal jobs. Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: December 2, 2024 at 5:00 AM EST Source link
A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall, likely in 25 basis point increments. The Fed’s preferred inflation gauge — the so-called core Personal Consumption Expenditures (PCE) index that excludes volatile food and energy prices — clocked in at 2.7% over the prior year…
Hotter-than-expected readings on consumer prices — and on some wholesale prices — this week led markets to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. But a confluence of events later in the week once again revived bets of a…
A look at the day ahead in European and global markets from Kevin Buckland European traders who went to bed thinking a quarter-point Fed rate cut was a lock for next week may well have had a rude awakening on this Friday the 13th, with the odds for a super-sized half-point reduction back at nearly…