Category: Business & Markets

Meta Platforms, Inc., the parent company of Facebook, Instagram, and WhatsApp, is anticipated to initiate its planned layoffs today, as part of a broader strategy announced earlier this year. The layoffs are said to focus on low-performing employees, reflecting a shift in the company’s operational…

US stock markets concluded trading on Friday with notable declines, as renewed worries over inflation and potential tariff increases weighed on investor sentiment. The S&P 500 fell by 1.0%, the Dow Jones Industrial Average also decreased by 1.0%, and the Nasdaq Composite dropped 1.4%. This…

In a significant shift in policy, the National Institutes of Health (NIH) announced plans to implement a cap on indirect costs associated with new grant applications, setting the limit at 15%. This decision comes as part of a broader effort to allocate more funding directly…

LONDON – In a significant move following its latest monetary policy meeting, the Bank of England has announced a quarter-point cut to its key interest rate, bringing it down to 4.5%. This marks the lowest level since mid-2023, reflecting the central bank’s ongoing response to…

In a significant corporate restructuring move, Honeywell International Inc. announced plans to split into three distinct companies, effectively separating its aerospace unit from its automation business. Additionally, the manufacturing conglomerate will spin off its advanced materials arm as part of the strategy aimed at enhancing…

U.S. stock markets closed mixed on Tuesday as investors reacted to a series of earnings reports and economic indicators that painted a varied picture of corporate performance and consumer behavior. The S&P 500 index rose by 0.4%, while the Dow Jones Industrial Average saw a…