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ECONOMY
Snap Cuts 1,000 Jobs as AI Drives Efficiency and Cost Reduction

Snap announces the layoff of 1,000 employees to leverage AI efficiencies and cut costs as it seeks profitability amidst intense market competition.

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ECONOMY
Sanctioned Tankers Transit Strategic Strait Amid US Blockade Measures

US Navy enforces a blockade in the Strait of Hormuz amidst escalating tensions, impacting global oil supply and shipping routes.

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ECONOMY
Kevin Warsh's Financial Disclosures Reveal Wealth Exceeding $100 Million Amid Fed Chair Nomination

Kevin Warsh's financial disclosures show assets exceeding $100 million, raising questions as he seeks to lead the Federal Reserve.

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ECONOMY
IMF warns of recession risk amid escalating Iran conflict affecting global economy

IMF cuts global growth forecast amid Iran conflict, warns of potential recession due to rising energy prices and market disruptions.

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ECONOMY
US Wholesale Prices Surge 4% Amid Energy Cost Increases Driven by Iran War

Wholesale prices in the US saw a significant increase of 4% as energy costs surged due to the ongoing war in Iran.

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ECONOMY
Hui Ka Yan, Founder of China Evergrande, Pleads Guilty to Fraud Charges

Hui Ka Yan, founder of Evergrande Group, pleads guilty to fraud and embezzlement, marking a significant development in China's economic landscape.

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ECONOMY
Oil Prices Surpass $100 as U.S. Plans Blockade of Strait of Hormuz

Oil prices surge past $100 following U.S. President Trump's announcement of a blockade on Iran, raising concerns over global energy supplies.

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ECONOMY
YouTube Premium subscription prices increase for new and existing subscribers

YouTube increases its Premium subscription prices for the first time in three years, affecting both new and existing subscribers.

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ECONOMY
Mahmoud Khalil's Deportation Appeal Denied, Activist Faces Potential Re-arrest

Mahmoud Khalil's deportation appeal is denied, raising concerns over his safety as an activist opposing U.S. immigration policies.

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ECONOMY
US Consumer Inflation Soars Amid Iran Conflict and Gas Price Spike

US inflation surges to 3.3% in March, largely driven by rising energy costs amid the Iran conflict.

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