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ECONOMY
Microsoft Announces Layoff of Up to 9,000 Employees

Microsoft plans to lay off approximately 9,000 employees to streamline operations amid economic pressures.

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ECONOMY
Del Monte Foods Files for Bankruptcy, Seeks Buyer Amid Restructuring Efforts

Del Monte Foods has filed for Chapter 11 bankruptcy, aiming to restructure and find a buyer while continuing operations.

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ECONOMY
China Sanctions Former Philippine Senator Francis Tolentino Over South China Sea Conduct

China imposes sanctions on former Philippine senator Francis Tolentino, citing "egregious conduct" related to South China Sea issues.

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ECONOMY
Judge Rules Against Apple in DOJ's Monopoly Lawsuit

Apple must confront a lawsuit from the DOJ over accusations of monopolizing the smartphone market.

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ECONOMY
National Guard Troops Reassigned to Wildfire Duties Amid California Preparations

150 National Guard troops reassigned from LA to fight wildfires as preparations intensify for California’s fire season.

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ECONOMY
Senate Bill Criticized for Harming Renewable Energy Despite Removal of Excise Tax

The Senate's new bill faces backlash for its detrimental effects on the renewable energy sector, even after removing a proposed excise tax.

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ECONOMY
Intense Negotiations as India and US Aim for Trade Deal Before Tariff Deadline

India and the US are in intense negotiations for a trade deal to lower tariffs before the July 9 deadline set by President Trump.

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ECONOMY
Tesla Shares Plummet Amid Elon Musk and Trump Feud Over Spending Bill

Tesla shares decline sharply as the feud between Elon Musk and President Trump escalates, raising investor concerns over subsidies and political retaliation.

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ECONOMY
California Enacts Major Reforms to CEQA, Accelerating Housing Development

California's Governor Gavin Newsom signs major reforms to CEQA, streamlining housing development amid a significant shortage.

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ECONOMY
Fed Chair Powell Attributes Interest Rate Stability to Trump's Tariffs

Federal Reserve Chair Jerome Powell states interest rate cuts are delayed due to Trump's tariffs, emphasizing the need for economic stability.

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