Banks see cracks in the economy as consumers blink at inflation, tariffs
Overall, bank stocks have sold off about 15% from their recent peak in the face of jitters about an economic slowdown, as well as uncertainty about policies and their implications, he said. This is ...
FStech1d
Citigroup to ‘hire thousands’ of permanent IT staff and cut contractors
Citigroup is reportedly planning to make significant cuts to the number of IT contractors at the bank, instead hiring ...
Why this week's positive inflation reports won't look as good to the Fed
Citi thinks March will see a "much more favorable" reading, with the firm predicting an out-of-consensus call of the Fed resuming its rate cuts in May. Market pricing currently indicates a much ...
Citi says US exceptionalism has paused under Trump — and investors should load up on China stocks
After struggling in 2024, China's stock market is roaring as its AI trade soars. Meanwhile, US peers are hobbled by growth ...
EPA froze 'green bank' funds worth billions, climate group suit says
Last April, then-Vice President Kamala Harris announced that EPA had selected eight groups, including Maryland-based Climate United, to receive $20 billion to finance tens of thousands of projects to ...
Environmental NGO sues Trump's EPA, Citibank over funding freeze
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Goldman Sachs Stands Apart Again — This Time for Its Annual Layoff Ritual
The investment banking giant stands by its practice of regular staff cuts often called its 'annual cull,' trying to cut ...
Politico15d
Groups frozen out of $20B in EPA cash fear bankruptcy
The groups have been shut out of their accounts at Citibank since Feb. 18 because of a still-unexplained freeze imposed amid criticism from President Donald Trump’s administration. On Tuesday ...
WPBF15d
Trump administration announces more layoffs, some hires to federal workforce
Tax returns are due in less than 2 months' time, and now we are learning about more layoffs and offices. To the IRS. Experts say that these changes will likely lead to worse customer service and ...
Grist17d
US Forest Service firings decimate already understaffed agency: ‘It’s catastrophic’
In mid-February, she found out she was one of the some 3,400 workers who had been targeted for layoffs — an estimated 10 percent of the workforce — as part of the Trump administration’s move ...
The Hill17d
OPM instructs agencies to turn over plans for mass government layoffs
A Wednesday memo from the Office of Personnel Management (OPM) and Office of Management and Budget (OMB) directs agencies across government to turn over plans for widespread layoffs of federal ...
CNN18d
Mass layoffs of federal workers could hurt families and local economies — but may not dent the overall economy
That’s in part because the federal layoffs are expected to affect a small fraction of the much larger US labor force. The federal civilian workforce, which excludes military personnel and ...