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Two Sigma laid off 200 employees Thursday, 10% of the $60 billion firm’s workforce. The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma’s billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. […]
Trump allies say they will ‘liberate individuals and businesses from illicit regulations never passed by Congress’. Elon Musk and Vivek Ramaswamy, United States President-elect Donald Trump’s incoming “efficiency” tsars, have outlined plans for a “drastic reduction” in regulations and “mass head-count reductions”. In an op-ed in the Wall Street Journal on Wednesday, Musk and Ramaswamy […]
Rogers Sports and Media has cut what it says are a “few dozen” jobs in its audio business. Company spokesperson Charmaine Khan says the radio industry is continuing to feel the pressure of an uncertain advertising market. She says Rogers has made some difficult but necessary changes impacting roles in several markets. […]
China’s annual Singles Day shopping festival has again seen Apple’s iPhone sales decline year over year. Singles dDay used to regularly see record-breaking sales for the iPhone, with one vendor selling 156 million of the iPhone 13 in the first two seconds of its sale in 2021. With increased competition from local brands, Apple had […]
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If in government, Mary Lou McDonald’s party says it would abolish USC on all earnings under €45,000 and increase the entry rate to the 40 per cent rate of tax by €4,000. From January, the entry point will be €44,000 Source link
Differences between the Centre and the Reserve Bank of India over interest rate cuts and inflation targeting appear to be intensifying. On Tuesday, Chief Economic Advisor (CEA) V Anantha Nageswaran stated that retail inflation is largely driven by a few key commodities— namely tomato, onion, potato (TOP), gold, and silver. Excluding these items, he noted, […]
Mulberry is cutting a quarter of its head office staff, as the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a fifth and losses had widened. The company, which last month rejected a £111m bid from 37% shareholder Mike Ashley’s Frasers Group, is in the process of cutting 85 roles from […]
Federal contractors should expect “massive cuts” in what they can charge once President-elect Donald Trump’s government efficiency drive is underway, according to entrepreneur Vivek Ramaswamy, who will co-lead the initiative with billionaire Elon Musk. “There is massive waste, fraud and abuse right now,” Ramaswamy said on Fox News’ Sunday Morning Futures. “Federal contractors are really exploiting […]
Russia on Sunday pummelled Ukraine with one of the largest barrages of the grinding near-three-year war, Ukrainian officials said, forcing power cuts with fears of a precarious winter to come. Hundreds of missiles and drones streaked across Kyiv’s skies as Russia’s invasion dragged past its thousandth day, killing at least two people, leaving a dozen […]