Cut

House Republicans don't really have a plan to cut inflation, but economists say it could be a good thing - The Boston Globe

House Republicans don’t really have a plan to cut inflation, but economists say it could be a good thing – The Boston Globe

But these are all longer-term initiatives. They don’t really have a short-term plan, and even if they did, they’re unlikely to get any significant legislation through the Democratic-controlled Senate and the former president’s veto pen. Biden. “To be honest, taming President Biden’s continuing raging inflation will be difficult,” Texas Rep. Kevin Brady, a key player …

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Wall Street ends lower after Target outlook and Micron bid cut

Wall Street ends lower after Target outlook and Micron bid cut

October retail sales rise more than expected Target’s bleak outlook weighs on retailers Micron supply cut triggers chip sell-off Indices down: Dow 0.12%, S&P 0.83%, Nasdaq 1.54% Nov 16 (Reuters) – Major Wall Street indexes ended lower on Wednesday as a gloomy outlook for Target sparked fresh concerns over retailers ahead of the crucial holiday …

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Major investor asks Google owner to ‘aggressively’ cut staff and pay

Billionaire hedge fund Sir Christopher Hohn has written to Alphabet saying staff at Google and YouTube’s parent company are overpaid and should be cut drastically. London-based TCI, which has been a significant investor in the company since 2017 and has a stake valued at $6bn (£5.1bn), has written to its chief executive, Sundar Pichai, urging …

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Cramer: Meta layoffs show Mark Zuckerberg 'has religion' on costs, but needs to cut more

Cramer: Meta layoffs show Mark Zuckerberg ‘has religion’ on costs, but needs to cut more

Club holding Meta Platforms’ (META) announcement on Wednesday that it is laying off approximately 13% of its workforce, or more than 11,000 employees, is a sign to us that CEO Mark Zuckerberg, in the words of Jim Cramer, “has religion” when it comes to trying to control the company’s uncontrollable costs. While we don’t welcome …

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Europe shows united front against Biden's Cut Inflation Act, says it threatens industry

Europe shows united front against Biden’s Cut Inflation Act, says it threatens industry

German Federal Finance Minister Christian Lindner (L) and French Economy, Finance and Recovery Minister Bruno Le Maire (R) both criticized the US Inflation Reduction Act for discriminating against towards European companies. Thierry Monasse | Getty Images News | Getty Images EU member states are strongly opposed to President Joe Biden’s Cut Inflation Act, fearing it …

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