Reports from the energy sector indicate that Exxon Mobil, one of America's largest oil companies, plans to reduce its global workforce by approximately 2,000 employees. This development comes as part of a broader restructuring initiative within the industry. According to a memo from CEO Darren Woods to Exxon employees, these job cuts represent between 3% and 4% of the … [Read more...] about Exxon Mobil Cuts 2,000 Jobs in Major Shake-Up
Financial News
Why Is Goldman Sachs Backing ‘Affordable’ Housing in New York?
A significant affordable housing project is set to begin in Brooklyn's East New York neighborhood. Goldman Sachs, through its Urban Investment Group, has committed to financing a $270 million development that will create 385 apartments. This comes at a time when the city's housing affordability crisis has become a central issue in local politics. According to reliable … [Read more...] about Why Is Goldman Sachs Backing ‘Affordable’ Housing in New York?
Trump-Era Policies Fuel Unlikely Crypto-Banking Alliance
In a significant shift within the financial landscape, cryptocurrency companies are now seeking traditional banking status in the United States. This development comes in the wake of regulatory changes implemented during the Trump administration. Several prominent cryptocurrency firms, including Ripple, Circle, BitGo, and Kraken, are at the forefront of this movement. … [Read more...] about Trump-Era Policies Fuel Unlikely Crypto-Banking Alliance
Trump Renews Call for Fed’s Powell to Step Down Now
President Donald Trump has once again called for the resignation of Federal Reserve Chairman Jerome Powell, escalating his criticism of the central bank's monetary policy. According to reliable sources, Trump posted on his social media platform, Truth Social, demanding Powell's immediate resignation. The President linked his comments to a Bloomberg report suggesting a … [Read more...] about Trump Renews Call for Fed’s Powell to Step Down Now
Egg Prices Fall Slightly, Offering Little Relief to Shoppers
The story of retail egg prices in the United States is akin to a wild bronco ride at a Texas rodeo. One moment, we're bucked high with record-setting prices. Next, we're in a modest dip, but still near the peak. Last month, government data revealed a bit of relief for American consumers. The average price for a dozen Grade A eggs dropped to $5.12 in April. It marked the … [Read more...] about Egg Prices Fall Slightly, Offering Little Relief to Shoppers