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Tag Archives: cuts

Pensions stop sign for further cuts

A worker looks at the 9HA gas turbine at the General Electric plant in Belfort, France. Frederick Florin | AFP | Getty Images General Electric's announcement to freeze plans for approximately 20,000 US employees is part of the company's "next steps in the balance sheet," JP Morgan analyst Stephen Tusa wrote on Monday. While retirement is frozen The analyst expects …

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Sports Illustrated since drastic cuts; 'helped the staff' is being laid off: report

Massive changes are taking place at one of the media industry's most famous outlets, with Sports Illustrated having been assigned to their staff of drastic and widespread layoffs. More than 40 staff members were cut off the sports institution on Thursday, according to The Journal reported many employees were expecting to be posted during a meeting scheduled for midday on …

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The US cuts the refugee line to 18,000 next year

The United States will receive fewer refugees than ever before next year: no more than 18,000, two years ago it was 110,000. And a new regulation by President Donald Trump will allow state and local authorities to prevent refugees from settling in their areas. The government announced on Thursday that it will reduce the annual cap on refugees from 30,000 …

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The Fed cuts interest rates by another quarter point

WASHINGTON – The US Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, its second step since the end of July, to protect the US economy against rising political risks and the consequences of a global slowdown. [19659002] An increasing number of Fed officials are expecting a further cut this year, based on post-meeting economic …

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How gold, oil, stocks and USD develop after the FOMC rate cuts start

REDUCTION OF FEDERAL RESERVE CYCLES AND MARKET DEVELOPMENT – SUMMARY: The Federal Reserve is expected to announce its second interest rate cut this year, confirming the change of central bank towards an increasingly moderate monetary policy. FOMC cut rates have historically led to mixed returns on assets such as gold, crude oil, the S & P 500 and the US …

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Disney boss Bob Iger cuts ties with Apple

Disney CEO, Bob Iger, has resigned from Apple's board of directors, as Apple filed with the Securities and Exchange Commission (about The Hollywood Reporter ). Iger stepped down on September 10, the same day Apple revealed new Apple TV + details. "I have the greatest respect for Tim Cook, his team at Apple, and my fellow board members," said Iger …

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Cathay Pacific cuts flights due to weak demand

Cathay Pacific had some difficult weeks. In Hong Kong, there have been major protests for months, which have increasingly affected the airline. It has not only reduced the demand for travel to and through Hong Kong, but the airline has also been in hot water with China. We have now seen that both the CEO and the Chairman of Cathay …

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