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Households earning $100,000 or more cut spending more aggressively. What is going on?

Households earning $100,000 or more cut spending more aggressively. What is going on?

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We want to hear from readers who have stories to share about the effects of rising costs and changing economies. If you want to share your experience, write to readerstories@marketwatch.com. Please include your name and the best way to reach you. A journalist can be in contact. High-income households are feeling the pinch of inflation. …

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Microsoft to cut 10,000 jobs, adding to tech layoff glut

Microsoft to cut 10,000 jobs, adding to tech layoff glut

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DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs and take a $1.2 billion charge from profits as its cloud computing customers reassess their expenses and that the company prepares for a possible recession. . The layoffs add to the tens of thousands announced in recent months …

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Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy?

Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy?

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As 2023 kicks off, markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, slashing bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months shows that inflation has moderated, …

Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy? Read More »

Coinbase to cut 20% of its workforce in second big round of job cuts

Coinbase to cut 20% of its workforce in second big round of job cuts

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Brian Armstrong, co-founder and CEO of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase is cutting about a fifth of its workforce as it seeks to preserve liquidity during the crypto market downturn. The exchange plans to cut 950 jobs, according to a blog post published Tuesday morning. Coinbasewhich had about 4,700 …

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The Athletic

Rosenthal: Dodgers’ decision to cut ties with Trevor Bauer shouldn’t have been hard at all

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Here is the risk, if you want to call it that, that the Los Angeles Dodgers took on Friday by making, in my opinion, the right choice by cutting ties with Trevor Bauer. The San Diego Padres, the Dodgers’ biggest threat in western Newfoundland and Labrador, can now sign Bauer for the minimum wage of …

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Dodgers cut ties with embattled pitcher Bauer

Dodgers cut ties with embattled pitcher Bauer

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The Los Angeles Dodgers officially cut ties Friday with starting pitcher Trevor Bauer, the beleaguered former Cy Young Award winner who had previously received an unprecedented suspension following sexual assault allegations. Bauer has been slated for assignment, which means the Dodgers have until 2 p.m. ET Thursday to find a trade partner. If they can’t, …

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Dodgers cut ties with Trevor Bauer rather than keep him for 2023

Dodgers cut ties with Trevor Bauer rather than keep him for 2023

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Two years after the Dodgers greeted Trevor Bauer with a splashy televised press conference in the outfield of Dodger Stadium, they dismissed him with a one-paragraph statement. Two weeks after Bauer served the longest suspension served by a player in violation of baseball’s sexual assault and domestic violence policy, the Dodgers cut ties with him …

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hulu

Amazon and Salesforce cut jobs in latest purge of tech workers

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E-commerce giant Amazon and enterprise software maker Salesforce are the latest US tech companies to announce major job cuts as they slash payrolls that have grown rapidly during the pandemic lockdown. Amazon announced on Wednesday that it would cut about 18,000 positions. It’s the largest round of layoffs in the Seattle-based company’s history, despite representing …

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Micron to cut 10% of its workforce as demand for computer chips plummets

Micron to cut 10% of its workforce as demand for computer chips plummets

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(Bloomberg) — Micron Technology Inc., the largest U.S. memory chipmaker, said the industry’s worst glut in more than a decade will make it difficult to return to profitability in 2023. Bloomberg’s Most Read The company announced a series of cost-cutting measures on Wednesday, including a 10% reduction in the workforce, aimed at helping it cope …

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