Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned.
Category Archives: business
Fed chair Jerome Powell: No sign of stagflation in US economy
Federal Reserve Chair Jerome Powell said Wednesday there was no sign of stagflation in the economy, even as inflation remains stubbornly high and some signs of slowing growth have started to emerge.
DOJ charges ‘Bitcoin Jesus’ with $48 million tax fraud, seeks extradition
The Justice Department unveiled criminal tax fraud charges this week against a prolific bitcoin investor named Roger Ver.
Cottage cheese and sour cream are safe amid bird flu outbreak, FDA says
Is dairy safe to eat? New FDA tests find that pasteurization is effective against the bird flu virus for milk, cottage cheese and sour cream. The virus has spread to 36 dairy herds in nine states.
How police officers preyed on teens in the Boy Scouts’ police Explorer program
Explorer programs, created by the Boy Scouts of America, are supposed to foster interest in policing. They have faced misconduct allegations involving nearly 200 young people.
Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval of the claimants.
Scammers bilked older Americans out of $3.4 billion last year, often using cryptocurrency
At least 101,000 Americans ages 60 and older were victims of digital fraud last year, with the average person losing $33,915, according to a new report from the FBI.
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market, according to ADP.
DJT shares close down more than 9% as Trump Media hot streak stalls
Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%.
Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree
Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating.