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Amid a raft of return-to-office mandates from tech giants, including Amazon and iPhone challenger Nothing, Spotify sees no need to treat its staff like “children” and end its popular work-from-home policy. Spotify went through an overhaul in 2023, laying off 17% of its staff in December in a move CEO Daniel Ek acknowledged had a … Read more
U.S. Treasury Secretary Scott Bessent takes questions from reporters at the Institute of International Finance (IIF) Global Outlook Forum on sidelines of the IMF and World Bank’s 2025 annual Spring Meetings in Washington, D.C., U.S., April 23, 2025. Elizabeth Frantz | Reuters A group of Treasury Secretary Scott Bessent’s classmates at Yale University urged him … Read more
Apple Inc. will remove its secret robotics unit from the command of its artificial intelligence chief, the latest shake-up in response to the company’s AI struggles. Apple plans to relocate the robotics team from John Giannandrea’s AI organization to the hardware division later this month, according to people with knowledge of the move. That will … Read more
The Bank of England is focused on the potential U.K. growth shock from U.S. tariffs if there is a slowdown in global trade, the central bank’s governor Andrew Bailey said Thursday. “We’re certainly quite focused on the growth shock,” Bailey told CNBC’s Sara Eisen in an interview at the IMF-World Bank Spring Meetings. Going into … Read more
The Trump tariff agenda will backfire. Interest rates and inflation will be stubbornly high. And stagflation may set in. That’s the take from Brian Coulton, chief economist at Fitch Ratings, a leading provider of credit analysis on global markets. This writer finds that Coulton’s views are extremely well grounded in data, logic and historical precedent. … Read more
Being in the C-suite is a high-pressure job with long hours, board responsibilities, and intense scrutiny. But what is it like to be a top executive when you’re off the clock? Fortune’s series, The Good Life, shows how up-and-coming leaders spend their time and money outside of work. Today, we meet Cisco’s U.K. CEO, Sarah Walker. … Read more
If you checked your 401(k) in recent weeks, now may be a good time to have a reality check. President Donald Trump’s escalating trade war has caused market whiplash, leading to retirement accounts losing billions of dollars collectively. And while those new to their savings journey have years to recover, Gen Xers nearing retirement may … Read more
President Donald Trump’s recent comments against Federal Reserve Chair Jerome Powell are “noise,” says Katerina Simonetti, a senior executive at banking giant Morgan Stanley. Simonetti, senior vice president and private wealth advisor at Morgan Stanley, downplayed Trump’s attacks on Powell during an interview with CNBC’s ‘Fast Money’. According to Simonetti, this isn’t the first time … Read more
ECB President Christine Lagarde is pushing for the digital Euro to become a reality by October 2025. A European central bank digital currency could soon become a reality. In a press conference on April 17, European Central Bank President Christine Lagarde stated that the digital Euro could be launched by October 2025. Lagarde called the … Read more
Key Takeaways Former President Donald Trump is urging the Federal Reserve to cut rates. Fed Chair Jerome Powell emphasized the legal protection of the Fed’s independence. Share this article Trump is once again turning up the heat on Fed Chair Jerome Powell, calling for rate cuts and floating the idea of firing him after Powell … Read more
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