Getty Images Key takeaways Tesla announced U.S. price cuts to all its models, ranging from $3,000 to $11,000. There are multiple reasons for the cuts, including slowing sales, an EV tax credit and more competition. No one knows for sure if these cuts will benefit or harm Tesla’s profit moving forward. After cutting prices in […]

Getty Images Key takeaways Microsoft announced 10,000 layoffs on January 18, 2023 These layoffs come amid a string of similar announcements from other tech businesses In his announcement, CEO Satya Nadella noted that the company will refocus on “secular growth and long-term competitiveness” Microsoft is the latest company to announce a large round of layoffs, […]

The recent news on inflation in the US has been quite encouraging. The Consumer Prince Index (CPI) report for December shows declining overall inflation, and core inflation (excluding food and energy) has averaged just over 3 percent during the past 3 months. Some economists are also cheered by slowing wage inflation in the December employment […]

President Joe Biden speaks about the student debt relief portal beta test as Education Secretary … [+] Miguel Cardona listens in the South Court Auditorium on the White House complex in Washington, Monday, Oct. 17, 2022. (AP Photo/Susan Walsh) Copyright 2022 The Associated Press. All rights reserved. Navigating federal student loan forgiveness programs has historically […]