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It is unusual for a senior figure at the Bank to be so forthright on market movements. Source link

Over the past decade, global companies have spent more than $90 billion in Louisiana building new liquefied natural gas export facilities and petrochemical plants — investments that have been largely driven by the state’s cheap, abundant natural gas. At the same time, job growth in Louisiana has remained flat and the state’s population has declined…

Meta (META) on Thursday became the latest Big Tech company to announce layoffs as the ballooning costs of the AI build-out and efficiencies continue to hit workers in the industry. The company says it will cut 10% of its workforce, or about 8,000 employees. The news comes after a trickle of reports suggested the company…

The Points Guy founder Brian Kelly discusses how Spirit Airlines’ bankruptcy could impact travel. President Donald Trump has doubled down on the idea of a taxpayer-funded takeover of Spirit Airlines rather than a traditional bailout, an approach critics previously described as highly problematic. Trump reaffirmed his interest in offering the airline a financial lifeline during…

The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons. Source link

Federal authorities arrested and charged a U.S. special forces soldier who is accused of making bets on the raid that removed Venezuela’s Nicolás Maduro from office. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The soldier was identified as Gannon Ken Van Dyke in a news release announcing…

International Business Machines Corp. posted quarterly sales in its software unit that were in line with estimates, failing to shake investor concerns about AI disruption to its business. Source link