Fed Rate Cuts Need Caution Warns Musalem
Fed official Musalem warns against aggressive rate cuts, citing persistent inflation risks. Central bank faces delicate balance between economic growth and price stability in 2024.
Economy & Business
Education Dept Layoffs Begin Amid Shutdown
🚨 Education Department begins layoffs amid government shutdown, affecting thousands of federal workers. Critical education programs face disruption as funding uncertainty continues. #GovernmentShutdown #Education
Student Loan Cancellation Restarts for Federal IBR
Federal student loan forgiveness resumes for IBR borrowers after year-long pause. Thousands may receive discharge within weeks as income-driven repayment plans restart cancellation process.
Clark Olofsson Dies: Stockholm Syndrome Pioneer
Clark Olofsson, the bank robber whose 1973 heist helped define Stockholm Syndrome, dies at 78. His hostages defended their captors, revealing a puzzling psychological phenomenon that changed criminal psychology forever.
Trump AstraZeneca Deal Cuts Drug Prices
Trump strikes deal with AstraZeneca using tariff threats to lower drug prices. Other pharmaceutical companies still negotiating with White House on prescription drug costs.