The U.S. flag and Department of Education flags whip in the wind outside the department’s headquarters on March 6, 2025 in Washington, DC.Chip Somodevilla | Getty ImagesThe Education Department announced a drastic reduction in its workforce Tuesday, saying it’s preparing to cut about half of its staff.About 1,300 career employees will receive termination notices and will be given an opportunity to return to office to turn in government property and clean out desks Wednesday, two officials said.Education Secretary Linda McMahon said in a statement that the layoffs reflect the department’s “commitment to efficiency, accountability, and ensuring that resources are directed where they…
Author: usaeverydaylife
Tourists visit the Jewel Changi Airport in Singapore on Sept. 7, 2023.Xinhua News Agency | Xinhua News Agency | Getty ImagesSINGAPORE — Welcome to CNBC’s live blog on the first day of CONVERGE LIVE in Singapore, where global business leaders, investors and key policymakers will share ideas about what it means to innovate and grow across industries.Some of the top speakers on Wednesday’s agenda include Bridgewater founder Ray Dalio, Salesforce CEO Marc Benioff and Alibaba Chairman Joe Tsai.For the first time, Dalio and Benioff will join each other on stage from around 9:25 a.m. Singapore time (1:25 a.m. London time/9:25 p.m.…
Uncertainty around tariffs sent stocks on a roller-coaster ride Tuesday, ending in back-to-back losses for the S&P 500. Here’s what’s on CNBC’s radar Wednesday. Source link
‘Fast Money’ trader Mike Khouw talks options action around Tesla. Source link
The Rashtrapati Bhavan is the official home of the president located at the Western end of Rajpath in New Delhi, India.Kriangkrai Thitimakorn | Moment | Getty ImagesAsia-Pacific markets were mixed on Wednesday, after all three benchmarks in Wall Street whipsawed on uncertainty over U.S. President Donald Trump’s tariff plans and fears of a recession in the world’s largest economy.The White House confirmed that the 25% tariffs on steel and aluminum would take effect on Canada and other nations from Wednesday state side, but added that Trump no longer plans to raise tariffs on Canadian steel and aluminum imports to 50%.Japan’s…
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCSalesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years.The company said the investment is designed to accelerate the country’s digital transformation and the adoption of Salesforce’s flagship AI offering Agentforce.Salesforce CEO Marc Benioff is scheduled to speak at CNBC’s CONVERGE LIVE at around 9:25 a.m. Singapore time (9:25 p.m. ET) on Wednesday.This is a developing story and will be updated shortly. Source link
Dalvin Modore walked as if there were broken glass beneath his feet, stepping gingerly, his frail shoulders hunched against the anticipation of pain. His trousers had become so loose that he had to hold them up as he inched around his small farm in western Kenya.Mr. Modore has tuberculosis. He is 40, a tall man whose weight has dropped to 110 pounds. He has a wracking cough and sometimes vomits blood. He fears the disease will kill him and has been desperate to be on medication to treat it.Mr. Modore is one of thousands of Kenyans, and hundreds of thousands…
Delta Air Lines ‘ steep first-quarter guidance cut indicates the rising lack of confidence consumers and corporations have on the economy, according to Bank of America. The company slashed its outlook for the current quarter, citing weak demand and a “recent reduction in consumer and corporate confidence caused by increased macro uncertainty,” according to its recent securities filing. “The macroeconomic uncertainty is unfolding in real time as DAL (Delta) is the first airline to cut its 1Q25 revenue growth outlook by 400-500bps to +3-4% from +7-9%,” BofA analyst Andrew Didora wrote in a note on Monday. “We knew February was…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
The Republican-led House voted Tuesday to pass a six-month funding bill that would prevent a government shutdown at the end of the week, overcoming fierce Democratic objections.The vote was 217-213, with all Republicans but Rep. Thomas Massie of Kentucky supporting the continuing resolution. One Democrat voted for it.The measure now heads to the Senate, where its fate is uncertain. Republicans control 53 seats, and Sen. Rand Paul, R-Ky., has made clear he’s firmly against it. That means at least eight Democratic senators would have to support the bill to cross the Senate’s 60-vote threshold and send it to President Donald…
