Biden’s Democratic supporters in disbelief over his Alaska oil drilling project for ConocoPhillilps
Environmentalists can’t believe President Biden did what he did this week in approving more oil drilling...
Environmentalists can’t believe President Biden did what he did this week in approving more oil drilling on federal land in Alaska.
They say he violated his 2020 campaign pledge to ban all new oil drilling on federal land by granting permission to ConocoPhillips to carry out the $8 billion ConocoPhillips Willow oil project, which is expected to produce more than 600 million barrels of crude oil over three decades in Alaska’s North Slope.
The result was alarm and dismay and near-political-apoplexy from activists and many Democratic lawmakersreported Business Insider.
Facebook parent Meta to cut 10,000 further jobs and cancel 5,000 job listings
Meta Platforms Inc. ...
Meta Platforms Inc. META plans to lay off 10,000 more employees as it focuses on “efficiency” and cost cutting. The company announced its latest bout of layoffs in a Tuesday morning note to employees that was also shared on the company’s corporate blog. The company slashed more than 11,000 jobs back in November. “With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” Chief Executive Mark Zuckerberg said Tuesday. The company plans to let recruiting staffers know of their status tomorrow and announce the impact to tech and business teams in April and May, respectively. He noted that Meta would also close about 5,000 additional roles that the company has yet to hire for.
US stock futures fall early Tuesday but rebounded at the open, as investors brace for...
US stock futures fall early Tuesday but rebounded at the open, as investors brace for the key inflation report which could signal whether the Fed will pause rate hikes this month. Meanwhile, shares of First Republic Bank were up more than 20% in premarket, after closing down nearly 62% Monday. Here are the latest market moves.
Earnings on deck: Volkswagen, Guess?, and more, all reporting.
Fresh inflation data released Tuesday could make...
Fresh inflation data released Tuesday could make the Federal Reserve’s interest rate decision next week a fraught one: Price increases showed signs of remaining stubborn, which would usually call for higher rates, even as the turmoil sweeping the banking system spurs calls for caution.
Inflation cooled slightly on an annual basis, with the Consumer Price Index climbing 6 percent in the year through February. That was down from 6.4 percent in January, and matched the slowdown that economists expected.
