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Goldman Sachs is preparing for more job cuts in the near future, according to CEO David Solomon. “We are conducting a careful review and while discussions are still ongoing, we anticipate our headcount reduction will take place in the first half of January,” Solomon explained in a year-end note to employees, Bloomberg reported Wednesday. “There are a variety of factors impacting the business landscape, including tightening monetary conditions that are slowing down economic activity. For our leadership team, the focus is on preparing the firm to weather these headwinds,” he added

Speaking from New York where she is attending the United Nations, new UK Prime Minister Liz Truss heavily hinted there would be tax cuts coming this week, and that these were being done to grow the economy, not please people with ideological opposition to tax cuts. Tax cuts help generate economic growth, the Prime Minister said on Tuesday, as she makes her first official trip abroad as leader to the United Nations’ General Assembly in New York. Speaking about the government’s emergency budget being presented to the Commons on Friday, PM Liz Truss strongly implied that tax cuts would be...

22,000 people lost control of temperatures in their homes for hours Tuesday.. DENVER — During the dog days of summer, it's important to keep your home cool. But when thousands of Xcel customers in Colorado tried adjusting their thermostats Tuesday, they learned they had no control over the temperatures in their own homes. ... Xcel confirmed to Contact Denver7 that 22,000 customers who had signed up for the Colorado AC Rewards program were locked out of their smart thermostats for hours on Tuesday. "It's a voluntary program. Let's remember that this is something that customers choose to be a part...

Since mid-May, real-time indicators warned the labor market had hit a brick wall. Piper Sandler predicted last week that up to a million layoffs or more were ahead as the US economy is on the verge of recession. The latest sign of an impending job market shock is an email seen by Reuters from the world’s richest man, Tesla CEO Elon Musk, who told executives the electric carmaker needs to cut staff by 10% because he has a “super bad feeling” about where the economy was headed. The email, titled “pause all hiring worldwide,” was sent to executives on Thursday...

<p>"It's a combination of the coronavirus and semiconductors, but at the moment it is the coronavirus that is having the overwhelming impact," Kazunari Kumakura, an executive at the world's biggest car maker, said after the company revised its production target.</p>

President Joe Biden's interview with ABC News' "Good Morning America" appears to have been edited short, with nearly 1,000 words sliced from the airing of the Thursday morning interview. According to transcripts analyzed by the Daily Wire against the aired interview, some of the cut footage appear to be inconsequential, like hellos and welcomes, while other cut clips appear to show instances of Biden struggling with his wording.

The state’s plan to build three massive toll roads through rural swaths of Florida were scrapped Tuesday, when the House of Representatives cast the last vote needed to repeal the controversial projects and send the legislation to the governor for final review. But the repeal isn’t exactly a total repeal: The legislation still authorizes new toll roads and highways, including expansion and “road upgrades” along 130 miles of scenic U.S. 19 between Citrus County and I-10 in north Florida, which could impact sensitive parts of Florida. It’s now in Gov. Ron DeSantis’ hands, following the Legislature’s action on 330 miles...

Fox News cuts away from the Trump campaign press conference with Neil Cavuto saying that they "can't in good countenance continue showing this" when Press Sec  says that Democrats are "welcoming fraud and welcoming illegal voting" in the election. https://twitter.com/DailyCaller/status/1325919211332505602  

LONDON (Reuters) - Royal Dutch Shell RDSa. cut its dividend for the first time since World War Two on Thursday in a drastic step to preserve cash as it prepares for a protracted slump in demand for oil because of the coronavirus pandemic. The Anglo-Dutch energy company also suspended share buybacks and said it would reduce oil and gas output by about a quarter after its net profit almost halved in the first three months of 2020 to $2.9 billion. The new measures combined with cuts in capital spending and planned cost reductions announced last month could save Shell almost...

The Great Recession forced state governments across the country to lay off or furlough millions of workers and cut services to everything from schools to parks, but some warn the coronavirus pandemic could cause even more economic pain. Predictions are that states could combine to face up to a $500 billion shortfall over the next few years without more federal aid as unemployment remains high and businesses shutter or struggle to regain their footing. In Georgia, collections from income and sales taxes — which provide most of the revenue that pays for the salaries of 200,000 teachers, university staffers and...

The Obama administration consistently sought to slice hundreds of tens of millions of dollars in funding to the Centers for Disease Control and Prevention (CDC), yearly spending plan requests clearly show — seemingly undercutting previous Vice President Joe Biden’s repeated assaults on the Trump White Residence for its pandemic preparedness. A lot of Democrats, which include Biden, have falsely claimed that Trump slashed the CDC budget, and Biden has advised that he would under no circumstances go after very similar cuts. The Associated Press has famous that those people promises “distort” the specifics, with FactCheck.org pointing out that CDC funding...

A powerful General Assembly committee voted Friday to revise Gov. Larry Hogan’s more than $46 billion budget proposal to provide millions more in funding for Maryland’s public schools, while cutting some of the Republican governor’s prized initiatives. Led by Baltimore Democrat Maggie McIntosh, the House Appropriations Committee approved a spending plan that provides about $320 million more for operating Maryland’s public schools. That would be the first step toward implementing recommendations from the so-called Kirwan Commission, which has proposed ambitious new programs to boost student performance. The committee’s spending plan also includes $500 million for public school construction and $46...

In the latest blow to already fragile ties between the United States and Pakistan, the Defense Department said on Saturday it has suspended $300 million in funding to Islamabad over what it calls the government's failure to take action against terrorists. The suspension is part of a broader pullback in military aid for Pakistan announced by the Trump administration in January. The administration says Pakistan is not taking strong enough steps to combat the Taliban and other groups. Pakistan, which serves as a key route for transporting supplies to U.S. forces in Afghanistan, has repeatedly denied harboring terrorists. The aid...

WASHINGTON – President Donald Trump on Friday said he wanted to further lower the corporate tax rate, from 21 percent to 20 percent, as part of a second round of tax cuts later this year. Trump, in an interview with Fox News to mark the six-month anniversary of the $1.5 trillion tax cut law Republicans passed last year, said other parts of the new tax plan would be tailored to the middle class. “One of the things we’re thinking about is bringing the 21 percent down to 20 and for the most part, the rest of it will go right...

Utility companies annouce plans to reduce customers' energy costs. (Screenshot) From Washington, DC to Washington state, utility companies are crediting passage of Republicans’ Tax Cut and Jobs Act for their plans to lower their retail customers’ monthly bills. Company press releases announcing the rate-cut plans specifically cite “the decrease in the Corporate Tax Rate from 35 percent to 21 percent” as the reason for reducing energy rates. The utility companies that have reported plans to cut rates, thus far, include: Pepco plans to lower the bills of 296,000 electric customers in the District of Columbia, Pepco and Delmava Power...

Sen. Marco Rubio says the GOP "probably went too far" in slashing the tax burden on corporations. The Florida Republican told the News-Press of Fort Myers that corporations will largely use their major tax cut to buy back shares or increase dividends to shareholders — which "isn't going to create dramatic economic growth." "If I were king for a day, this tax bill would have looked different. I thought we probably went too far on (helping) corporations," Rubio told the newspaper in the interview published Friday. "By and large, you're going to see a lot of these multinationals buy back...

NASHVILLE, TN (WKRN) – A Lawrence County man was arrested after terrorizing a family and causing tremendous harm to himself while being under the influence of a dangerous drug. Deputies said Danny Hollis Jr. was smoking something called wasp, a mixture of meth and bug spray. On Monday night around 7 p.m. on Gimlet Road, deputies responded to a call about a naked man inside a house. Investigators said Hollis broke into the home, sat at the family dinner table and cut his own throat in front of four children and a mother. “This man walks in. The family is...

"With 51 Republican votes, the Senate narrowly approved a massive bill early Saturday that would cut taxes for many Americans, nearly double the standard deduction and dramatically reduce the corporate rate — all while adding more than $1 trillion to the deficit over the next decade. Senate Republicans passed the measure just hours after having to rewrite the legislation Friday evening, providing them with their first major legislative win of the year. GOP lawmakers scrambled to revise their bill after the parliamentarian ruled the deficit trigger — a necessary component to sway key lawmakers to get on board with the...

The national party pulls out of a fundraising pact with the Alabama candidate, further isolating him. The Republican National Committee is withdrawing its support for besieged Alabama Senate candidate Roy Moore, leaving him increasingly isolated as he confronts charges of sexual misconduct with teenagers. The RNC is pulling out of a joint fundraising agreement it had with Moore, according to a senior party official briefed on the decision. It is also canceling a field program it had set up ahead of the state’s Dec. 12 special election. The committee had about a dozen paid canvassers in Alabama working for Moore....

Dozens of public transit projects around the country are in danger of stalling as the White House's plan to boost U.S. infrastructure fails to gain momentum - with thousands of jobs at risk. The uncertainty over these projects has worsened in recent days as President Donald Trump - who had vowed to make the week's focus infrastructure - faced a series of distractions, including a congressional hearing featuring former FBI director James Comey. The president, who had called for $1 trillion in new infrastructure programs to create millions of jobs, now faces an increasing probability that not only will his...