2023 Layoffs: Spotify Slashes 6% Of Jobs In Latest Tech Onslaught

"Bit Of Chaos": Hormuz Shuts Agains As Ships Make U-Turn The Trump administration’s "baffle 'em with bullshit" methodology has been on full display, as the reopening of the Hormuz chokepoint on Friday drove a broad risk-on in markets: US equities soared, crude collapsed, and Treasury yields declined, based on the assumption that disruption to global energy flows had eased. However, as of early Saturday morning, those moves may prove premature. The Wall Street Journal reports that the world’s most important maritime chokepoint is once again closed to commercial transit. About 20 ships...

The House on Thursday just barely defeated a War Powers Resolution that would have directed President Trump to end hostilities against Iran that haven’t been authorized by Congress, as the US military is enforcing a blockade on Iranian ports and is deploying thousands more troops to the region to prepare for potential ground operations. The […]