FOMC October 2025: Statement Changes, Rate Cut, and Key Numbers The US Federal Reserve reduced the federal funds target range by 25 bps to 3.75%–4.00% on October 29, 2025. The move and wording appear in the official FOMC statement. September’s prior decision had set the range at 4.00%–4.25% (see September statement). In the press conference, Chair Jerome ...
Corporate Workforce Update — Interactive Snapshot On October 27, 2025, reports indicated plans for up to 30,000 corporate job reductions at Amazon, with notifications scheduled to begin on Tuesday. The reference base is an estimated ~350,000 corporate roles within a total workforce of about 1.55 million. Earlier reductions since late 2022 totaled approximately 27,000. Related company materials include ...
Disney is making major changes to its streaming services worldwide. Starting October 8, Hulu will become Disney’s global entertainment brand for adult content on Disney+, replacing the Star brand in international markets. This move sets the stage for Disney to eventually merge its streaming apps into one unified experience. The change comes with a significant ...
President Donald Trump has publicly called for Microsoft to fire Lisa Monaco, the company’s newly appointed president of global affairs and a former top Justice Department official under President Biden. This demand marks the latest in what appears to be an ongoing pattern of actions against individuals connected to investigations into Trump’s conduct. In a ...
In a dramatic day of wealth shuffling, Elon Musk has retaken his crown as the world’s richest person after briefly losing it to Oracle co-founder Larry Ellison. The financial seesaw came after Oracle’s stock skyrocketed on strong earnings tied to artificial intelligence (AI) demand. Ellison’s wealth soared Wednesday when Oracle’s stock surged as much as ...
Paramount has canceled “Dexter: Original Sin” despite announcing its renewal back in April, marking a major shift in the popular franchise’s future. The prequel series starring Patrick Gibson as young Dexter won’t return for a second season, while “Dexter: Resurrection” with Michael C. Hall is gaining momentum toward a Season 2. The cancellation comes shortly ...
ESPN launched its new direct-to-consumer streaming service on August 21, giving sports fans a way to watch ESPN content without a cable subscription. The service offers two subscription options: ESPN Unlimited at $29.99 monthly or $299.99 yearly, and ESPN Select at $11.99 monthly or $119.99 yearly. ESPN Unlimited includes all ESPN networks (ESPN, ESPN2, ESPNU, ...
Tesla has granted CEO Elon Musk a massive new pay package worth $29 billion, just six months after a Delaware court voided his original $56 billion compensation deal from 2018. The award gives Musk 96 million Tesla shares, requiring him to pay $23.34 per share – the same price as his voided 2018 package. To ...
According to a Sanskrit saying, “yasyāsti vittaṃ sa naraḥ kulīnaḥ sa paṇḍitaḥ sa śrutimān guṇajñaḥ” (one who has got money is considered high-born). He is also thought of as a learned man, well-read, a connoisseur of virtues, a pandit, an orator, a handsome person, as all the qualities are ascribed to wealth. America is a ...
The business world watched in shock as a political spat between President Donald Trump and Elon Musk sent markets into a tailspin. What began as criticism over a spending bill quickly escalated into a full-blown feud with real financial consequences for everyday Americans. On June 5, 2025, Tesla’s stock plummeted 14% in a single trading ...