Four House Republicans Break Ranks To Help Democrats Pass Iran War Powers Resolution

Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs Oracle disclosed in a Form 10-K filing that it reduced its workforce by 21,000 employees over the past year as it automates white-collar jobs and frees up cash to splurge on AI infrastructure buildouts. "Our periodic workforce restructurings and reorganizations can be disruptive,"  Oracle said in the annual financial regulatory publsihed on Monday, adding, "We have an existing restructuring plan in place under which we have made, and will continue to make, adjustments to our workforce in...

Mapping Americans' Per Capita Health Care Spending By State Health care represents a major share of consumer spending in America, but the amount spent per resident varies considerably by location. New data from the U.S. Bureau of Economic Analysis highlights the differences in per-capita health care spending across the country in 2024. The map below, via Visual Capitalist's Srijaa Chatterjee, ranks every state using the latest Personal Consumption Expenditures by State data from the BEA. Figures are reported in current dollars and allocated according to residents’ state of residence. Which States Spend the Most on...

Will The Iran War Trigger A Dollar Crisis? The oil spike has moderated and markets are mellow for the time being, but could the long-term economic consequences of this war just be getting started? U.S. allies have shown a lackluster response after President Trump’s request for assistance in reopening the Strait of Hormuz — a corridor carrying roughly 20% of global oil supply — and this may spell a trend of what’s to come. What happens when oil-producing Gulf states have had enough of our/Israel’s foreign policy machinations and, as a...