Meta said Thursday it would cut about 8,000 jobs, or roughly 10% of its workforce, as the company pushes further into artificial intelligence spending while trying to improve efficiency. The company said the reductions are meant to free up resources for new investments in other parts of the business. Bloomberg also reported that Meta plans to leave about 6,000 positions…
The Federal Reserve’s preferred inflation indicator, the Personal Consumption Expenditures (PCE) Price Index, showed little change in July, providing a mixed picture of the U.S. economy. The index remained at an annual rate of 2.6%, the same pace recorded in June. While headline inflation held steady, the measure excluding volatile food and energy costs—known as core PCE inflation—moved higher. It…
The U.S. economy posted a stronger rebound in the spring of 2025 than initially believed, with the government’s latest estimate showing gross domestic product (GDP) growing at an annual rate of 3.3 percent in the second quarter. The figure, released on August 28 by the U.S. Bureau of Economic Analysis (BEA), is an upward revision from the previously reported 3.0…
A Controversial Rebrand Cracker Barrel faced one of the toughest weeks in its history when it unveiled a new logo as part of a sweeping rebranding campaign. The change replaced the familiar rustic design — featuring a barrel and a man in overalls — with a modern shield and clean lettering. Instead of generating excitement, the redesign triggered widespread criticism.…
President’s Move Strikes at Fed Independence On August 25, 2025, President Donald Trump announced the removal of Federal Reserve Governor Lisa Cook, citing alleged mortgage fraud. According to Trump, Cook had claimed two separate properties as primary residences in 2021 to obtain better mortgage terms. The president said this constituted misconduct sufficient for dismissal. Cook, however, swiftly rejected the action.…
International postal operators across Europe have begun pausing shipments of low-value packages to the United States following the scheduled expiry of the “de minimis” exemption, which allowed parcels valued at less than $800 to enter duty-free. The exemption, which had long facilitated a smooth flow of low-cost imports, ended over the weekend, and its absence is already causing disruption for…
Strengthened Oversight and Licensing Requirements China has issued new interim regulations on August 22, 2025, through its Ministry of Industry and Information Technology, alongside the National Development and Reform Commission and the Ministry of Natural Resources, designed to reinforce control over the mining, smelting, and separation of rare earth elements—materials essential to electric vehicles, smartphones, wind turbines, and defense systems.…
