Economy

Are Annual Reviews Going Away? What This Means for the Workforce

With the U.S. job market still robust and unemployment low, more companies are moving away from formal annual performance reviews and performance improvement plans (PIPs) in an effort to reduce manager criticism and share feedback in a more constructive way, according to experts. Smaller employers in particular have become more focused on motivating employees rather than micromanaging...

Washington Post Strikers Demand Accountability from Owner Jeff Bezos: Historic Walk-Out Unveils Dissatisfaction

Several Washington Post reporters and members of the Washington-Baltimore News Guild launched a major strike this week, criticizing the outlet's owner, Jeff Bezos. During interviews with Fox News Digital, striking workers expressed their disappointment in Bezos, one of the world's richest men, for failing to take accountability for the poor business decisions that led to the financial crisis at The Post...

US Budget Gap Widens by $47 Billion, Reaching Record High: New Report

The Congressional Budget Office (CBO) announced on Friday that the federal budget deficit for October and November 2023, the first two months of fiscal year 2024, has reached a staggering $383 billion. This amount is $47 billion more than the deficit recorded during the same period last fiscal year, marking a significant increase...

Jerome Powell's Warning: Fed Prepared to Raise Rates Again if Needed

Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to maintaining a vigilant stance on interest rates during a fireside chat at Spelman College. Despite a recent cooling in inflation, Powell cautioned against premature confidence in achieving a sufficiently restrictive monetary policy...

Senator Manchin Criticizes Biden Administration's EV Actions Boosting China

Democratic West Virginia Senator Joe Manchin has strongly criticized the Biden administration for its recent actions regarding electric vehicles (EVs) that benefit Chinese companies and undermine American interests. Manchin, who chairs the Senate Energy and Natural Resources Committee, expressed his concerns after the administration released federal guidance that allows Chinese firms to receive taxpayer EV tax credits...