Considering how much dating apps are struggling, Bumble’s announcement via an 8-K filing on Wednesday of a 30% workforce reduction may not seem that shocking. But JPMorgan analysts wrote in a Wednesday note the magnitude of the layoffs (which amount to about 240 jobs) “comes as a surprise” because the company had already announced $15…
Uptick in Tesla vandalism amid DOGE backlash Elon Musk’s Teslas are being vandalized at a higher rate as he faces backlash for federal cuts and firings. WASHINGTON – Donald Trump liked the shiny red car. “I want the same color,” he said, pointing to a Tesla Model S, before slipping into the driver’s seat. The…
President Trump threatens 200% tariff on alcohol from EU President Donald Trump has threatened to place a 200% tariff on all alcohol from the European Union. WASHINGTON – To some people, President Donald Trump is shaking things up. To others, he is sowing an unusual amount of chaos and confusion in a world that has…
CBOE Global Markets’ Mandy Xu warns the stock market is underpricing tariff risks — even after Monday’s sharp sell-off. Xu contends the bond market has been more sensitive to economic uncertainty than stocks over the past few months. But now, that gap may be starting to close. “There’s scope for it [volatility] to go even…
Workers across the US reacted with anger and confusion as the Trump administration pushed to shrink the federal workforce by ordering agencies to lay off probationary employees without civil service protections. President Donald Trump and billionaire Elon Musk have launched a large-scale effort to cut the 2.3 million-strong federal workforce, dismissing at least 9,500 employees…
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…
Financial markets waited all week for the jobs data, and that data did not disappoint. Like in the Goldilocks tale, the jobs numbers weren’t too hot, nor too cold. They were just right! As a result, the S&P 500 and the Nasdaq both closed a record high on Friday (December 6th). The S&P 500 was…
Ford Motor Company has announced plans to cut 4,000 jobs in Europe and the U.K. by the end of 2027, attributing the decision to sluggish electric vehicle (EV) sales, economic pressures, and Chinese competition in the automotive sector. The automaker said most layoffs would occur across their two German plants. Of the total job cuts,…