Week
In 2023, a breast cancer diagnosis reframed Low Seow Yee’s perspective on life.She decided to quit her job at a government agency to open Hangout Laundry, a laundromat, in Singapore.Laundromats are often touted as a passive income business, but she’s hosting parties and making laundry fun again.When Low Seow Yee…
When my son was a baby, I overdraft our account by buying a $5.99 sweater. Since then, I’ve been budgeting and trying to minimize our spending. I spend $120 on groceries by buying seasonal sales and starting around the perimeter.In one of my most potent memories of early motherhood, I…
Starbucks announced on Monday it would be laying off 1,100 corporate employees.The coffee chain also said it would be removing 13 menu items on March 4.Among the menu items disappearing are nine of the chain’s Frappuccino drinks.Starbucks is shaking up its menu, trimming down offerings as part of a wave…
Citigroup’s CEO, Jane Fraser, has emphasized hybrid work, saying she views it as a recruitment tool.Employees can keep working two days a week remotely, she told executives.Other Wall Street titans, like JPMorgan and Goldman Sachs, have enforced strict RTO mandates.Since pandemic restrictions lifted, Wall Street’s biggest names have been leading…
Elon Musk says Department of Government Efficiency works 120 hours a week.Musk’s is trying to cut a $1 trillion or more from the federal budget.Some executives told BI that Musk’s posts are meant to set the tone for the work culture he expects.It’s been just under two weeks since Elon…
As US tech companies prep for earnings this week, there’s one major topic on analysts’ minds.China’s DeepSeek introduced an AI model that’s similarly effective to US ones but at a lower cost.Big Tech is expected to address DeepSeek’s potential impact on AI spending during earnings calls.DeepSeek just made this earnings…
Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. Middle-management jobs don’t typically come with mega paychecks, but this IT worker credits them with helping him build wealth and retire early. The secret? Staying at this level gave…
Some federal websites and webpages went dark after President Donald Trump took office.Among them were La Casa Blanca, the Spanish-language White House site, and some federal DEI sites.The government website for reproductive rights also returned error messages.Several federal government webpages and entire websites went down this week after President Donald…
(Reuters) -U.S. crude oil stockpiles were expected to have fallen last week while gasoline and distillate inventories likely rose, an extended Reuters poll showed on Wednesday. Nine analysts polled by Reuters estimated that on average crude inventories fell by about 1.6 million barrels in the week to Jan. 17. Crude…
Investing.com — Jefferies analysts this week downgraded three leading UK industrial stocks, namely Judges Scientific (LON:), Smiths Group (OTC:), and XP (NASDAQ:) Power (LON:). The rating for all three companies was lowered to “hold” from “buy.” Key industrial markets face major challenges, including persistent economic uncertainty and sluggish growth, prompting…
