Cutting

Rates are safe for now: Fed Chair calls for calm before cutting interest rates | The New York Times

by

WASHINGTON, DC – Federal Reserve Chair Jerome Powell stated the central bank is in no rush to lower interest rates as he emphasized the importance of patience in assessing the economic situation. Powell’s remarks came amidst growing concerns over the impact of the coronavirus outbreak on global markets and the overall economy. Speaking at a press conference, Powell highlighted the Fed’s commitment to maintaining a steady approach in handling monetary policy, indicating that any decisions …

Read more

Chicago’s Iconic Blommer Chocolate Co. Factory Closing, Cutting 250 Jobs – Major Shake-Up in North America’s Cocoa Industry

by

Chicago, Illinois – Blommer Chocolate Co. announced on Friday that it will be shutting down its iconic factory located at 600 W. Kinzie St. in Chicago at the end of May. The closure comes as a result of the company facing escalating operational costs associated with its aging facility. This decision will result in the loss of 250 jobs, according to a company spokesperson. The Blommer Chocolate factory, established in 1939, has been known for …

Read more

Helldivers 2 Cutting Edge Warbond: New Weapons, Skins, and More Revealed!

by

Los Angeles, California – Helldivers 2 players can now dive into the thrilling Cutting Edge Warbond, the latest addition to the game’s post-launch content. This battle pass offers a plethora of rewards for players as they navigate through intense co-op gameplay, dodging alien attacks and strategizing to emerge victorious. Whether players prefer new cosmetic items or game-altering weapons, the Cutting Edge Warbond has something for everyone. One of the highlights of the Cutting Edge Warbond …

Read more

**Workweek Revolution: Bernie Sanders Proposes Cutting Hours to 32, Democrats Call for Change**

by

New York, NY – Senator Bernie Sanders has introduced a groundbreaking proposal that could potentially change the landscape of the American workweek. Sanders is advocating for a reduction in the standard workweek from 40 hours to 32 hours, a move that could have significant implications for both workers and employers across the country. The proposal put forth by Sanders is gaining traction among Democrats, who see it as a necessary response to the increasing prevalence …

Read more

Inflation in the US Slowly Easing as Retail Sales Rebound – Why the Federal Reserve Isn’t Cutting Rates Just Yet

by

New York, NY – Inflation in the United States showed signs of easing slowly last month, coupled with a rebound in retail sales. These developments highlight the Federal Reserve’s cautious approach towards lowering interest rates. The core consumer price index, which excludes volatile food and fuel prices to provide a more accurate picture of inflation, is projected to have increased by 0.3% in February. This follows a 0.4% rise at the beginning of the year. …

Read more

Cutting Edge Helldivers 2 Warbond Revealed: New Armor, Guns, Capes, and Emotes!

by

Stockholm, Sweden – Arrowhead, the developer of Helldivers 2, has unveiled exciting updates for its popular co-op shooter game. The announcement includes details on the upcoming Warbond release, named Cutting Edge, set to launch on March 14th. This new Warbond will introduce players to a fresh array of armor sets, guns, capes, and emotes, all designed with high-voltage aesthetics. The Cutting Edge Warbond will feature a range of new content, including armor sets known as …

Read more

Wilson’s Contract Drama Unveiled: Broncos Cutting Ties After Massive $124 Million Deal

by

Denver, CO – The Denver Broncos announced on Monday that they will be parting ways with quarterback Russell Wilson, bringing an end to his time with the team. Wilson, known for his resilience and determination, expressed his mindset moving forward by stating, “Tough times don’t last. Tough people do.” The decision to move on from Wilson comes as part of the Broncos’ financial strategy to address salary cap concerns. Despite the significant $39 million in …

Read more

Rick Grimes’ Shocking Move: AMC Teases Fans With The Walking Dead Cutting Off

by

Atlanta, Georgia – The Walking Dead fans were in for a shock as the latest spinoff series, The Walking Dead: The Ones Who Live, premiered. The series opened with a major milestone from the comic books, as Rick Grimes, played by Andrew Lincoln, finally lost his hand, a crucial moment that had been missed by TV series-only fans. In the new series, set years after Rick’s departure from The Walking Dead, he finds himself serving …

Read more

Cybersecurity Giant Palo Alto Networks Inc. Tumbles After Slashing Revenue Forecast – Are Customers Cutting Back on Tech Spending?

by

SANTA CLARA, California – Cybersecurity company Palo Alto Networks Inc. experienced a significant drop in late trading after revising its revenue forecast for the year, raising concerns about potential cutbacks in tech spending by customers. The company announced on Tuesday that it anticipates sales of $7.95 billion to $8 billion for the fiscal year, a decrease from its previous projection of up to $8.2 billion. The lowered forecast, coupled with analysts’ estimates of $8.18 billion, …

Read more

Volkswagen and BASF Considering Cutting Ties to China After Slave Labor Allegations and Customs Delays

by

Frankfurt, Germany – Volkswagen and BASF, two major companies with ties to Xinjiang, China, are re-evaluating their relationships amidst concerns about forced labor in the region. The decision comes in response to allegations of Chinese slave labor affecting the production of several luxury car brands, including VW’s Audi, Porsche, and Bentley vehicles. The U.S. customs have blocked Volkswagen cars over a part sourced from China, raising further concerns about the extent of the issue. The …

Read more