IGM Biosciences to cut 73% of workforce as latest pivot fails to pan out, sending stock down 69%
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Massive effort knocks down latest big Southern California fire
Santa Ana winds helped ignite more brush fires in Southern California, but firefighters were able to largely control the large Hughes fire that exploded and forced thousands of evacuations. Rain ...NBC News - 1d -
Warren sends Musk 30 ideas for DOGE to cut government spending
Sen. Elizabeth Warren (D-Mass.) sent tech billionaire Elon Musk 30 ideas for how the newly formed Department of Government Efficiency (DOGE) could cut government spending. Warren's Thursday letter ...The Hill - 1d -
California wildfires send power company Edison International’s stock falling
The company will likely face questions over whether any of its power lines may have contributed to the fires. No officials have made any statements on this issue.MarketWatch - Jan. 10 -
Nvidia’s stock is down 9% from its recent record. That shows the short term is winning out for now.
Nvidia’s stock is off 9% from an all-time high hit earlier this week, with investors focused more on the here and now than on new eye-popping projections of market opportunity.MarketWatch - Jan. 10 -
Musk and Ramaswamy sending agents across US government to seek cuts
So-called department of government efficiency charged by Trump to help effect radical government shake-up. Elon Musk and Vivek Ramaswamy have already dispatched emissaries across the US ...The Guardian - Jan. 10 -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - Jan. 9 -
US stocks slide as strong data sends Treasury yields higher
Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figuresFinancial Times - Jan. 7 -
Washington Post cutting 4 percent of workforce
The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...The Hill - Jan. 7 -
Surgeon general's warning sends alcohol stocks sliding
Spirit companies saw stock prices plummet Friday after the U.S. surgeon general recommended cancer warning labels, similar to those found on tobacco products, be added to alcohol. Boston Beer ...The Hill - Jan. 4
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Corporate tax cuts don’t boost the economy — despite what many investors believe
Raising corporate taxes — not cutting them — frequently delivers faster economic growth.MarketWatch - 9h -
Target joins Walmart in pulling back on DEI. But this big retailer and its shareholders are staying the course.
Target said that it was ending its diversity, equity and inclusion goals as it tries to align itself with an “evolving external landscape.”MarketWatch - 11h -
‘My retirement is going to be a disaster’: I’m 59 and have $45,000 in my 401(k). I earn $72,000. Am I doomed?
“My student loans are burying me.”MarketWatch - 11h -
Trump tariff talk is heating up on Wall Street, signaling a rocky road ahead for investors
S&P 500 companies’ mentions of tariffs on earnings calls have surged, according to Citi Research.MarketWatch - 12h -
Trump says there are bigger China threats than TikTok. Here’s where he could be going wrong.
President Trump this week said “TikTok is largely about kids” and there are bigger threats. China hawks aren’t convinced.MarketWatch - 12h
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How Improv Comedians Make a Living Teaching Corporate Workshops
For some improv comedians, Fortune 1000 companies can help make the funny business more lucrative.The New York Times - 9m -
Amazon’s Fight With Unions Heads to Whole Foods Market
Whole Foods workers in Philadelphia are voting on whether to form the first union in the Amazon-owned chain. The company is pushing back.The New York Times - 10m -
The Surveillance Tools That Could Power Trump’s Immigration Crackdown
Border enforcement agencies have spent billions assembling surveillance tools to track and find people. These could be critical in President Trump’s immigration agenda.The New York Times - 10m -
Inside the $32 Billion Industry Transforming Marijuana
Inside the $32 billion industry transforming marijuana, its consumption and beliefs about its ability to heal.The New York Times - 11m -
Should Sports be a College Major? Some, including Nike, Say Yes
The idea of offering a degree in sports has gained momentum now that college athletes can be paid. Now Nike is joining some academics in pushing for it to become a reality.The New York Times - 11m