Day: May 16, 2025
Federal Reserve to Slash Workforce by 10% in Efficiency Push
May 16, 2025 | Washington, D.C. – In a move aimed at streamlining operations and aligning with broader government efficiency efforts, Federal Reserve Chair Jerome Powell announced plans today to reduce the central bank’s workforce by approximately 10 percent over the next several years. The initiative will primarily rely on attrition and a voluntary deferred resignation
Apple Ramps Up U.S. Manufacturing and Chip Sourcing as Tariffs Slice Profits
May 16, 2025 | Cupertino, Calif. – Confronted with a projected $900 million tariff-related cost hit this quarter, Apple Inc. is accelerating efforts to reshuffle its global supply chain—shifting more semiconductor sourcing and assembly back to U.S. soil to insulate itself from volatile trade policy and preserve profit margins ReutersReuters. Buyback Cuts Signal Caution In its May