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Wix Tumbles After Cutting 20% Of Workforce, Warns Of Deeper Growth Slowdown
Wix Tumbles After Cutting 20% Of Workforce, Warns Of Deeper Growth Slowdown
Website builder Wix announced an "organizational realignment" on Monday that will cut roughly 20% of its workforce, as the company warned of a sharper-than-expected slowdown in its Partners business.
The restructuring is designed to streamline operations, discontinue lower-priority initiatives, and reallocate resources toward Wix's core growth areas.
"The organizational realignment to streamline operations and reallocate resources to support the Company's top strategic priorities. This includes the scaling down and/or discontinuation of certain activities, initiatives, products, and subsidiaries," Wix wrote...
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Apr 7, 2026 / Tyler Durden
75 Gulf Energy Assets Damaged In U.S.-Iran War As Supply Shock Intensifies
75 Gulf Energy Assets Damaged In U.S.-Iran War As Supply Shock Intensifies
International Energy Agency (IEA) Executive Director Fatih Birol was interviewed by the French newspaper Le Figaro earlier on Tuesday and warned that the Gulf energy shock "is more severe than those of 1973, 1979, and 2022 combined" because it is affecting oil, gas, food, fertilizers, petrochemicals, helium, and global trade all at once.
Birol said in the interview that more than 75 energy sites across the Gulf region have been attacked, with about a third severely damaged, suggesting tens...
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Mar 21, 2026 / Robert P. Murphy
Visualizing The Boom-Bust Cycle with Roger Garrison
In memory of Roger Garrison, Bob walks through Garrison's famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics.
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Sep 1, 2026 / Tyler Durden
How Capitalism Reduces Poverty And Creates Wealth
How Capitalism Reduces Poverty And Creates Wealth
Authored by James T. Moodey via American Thinker,
The word capitalism was coined in the 1700s. The definition was vague. It generally meant "private property traded freely" or "free markets." However, most non-totalitarian countries had free markets, and these countries in Europe and elsewhere were not particularly wealthy. Their rural people were paupers living off the land, even in England, France, and the U.S. at our founding.
We generally regard capitalism as creating wealth, but free markets are not what created the enormous wealth that...
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