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

Multiple US embassies in the Middle East have told Americans they cannot facilitate evacuations, despite a State Department advisory for US citizens to leave more than a dozen countries in the region, Business Insider reported on Tuesday. “The US Embassy is not in a position at this time to evacuate or directly assist Americans in departing Israel,” the US […]

Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not create an enlightened moment in U.S. monetary history. Instead, it was a monetary bait-and-switch.

Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble After the Manufacturing ISM print earlier this week came modestly stronger than expected (albeit with the Prices Paid component spiking and sending 10Y yields higher), some were expecting a similar improvement in today's Services ISM print. What they got instead, was a blowout number, and one suggesting that whatever weakness the US economy was in for much of the latter part of 2025, is now over. At 10:00am ET, the ISM Services print came out at 56.1,...