local business

California has cut off major cities in the Southwest off the waters of the Colorado River, sources said, before touching down on its agricultural supplies

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CNN – In closed negotiations last week On the fate of the Colorado RiverRepresentatives from California’s strong water districts have proposed modeling what the basin’s future would look like if some of the West’s largest cities — including Phoenix and Las Vegas — were cut off from river water supplies, three people familiar with the … Read more

Here are the companies that laid off employees this year

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New York CNN – Just this week, Alphabet, Google’s parent company, Microsoft (MSFT) Vox Media announced layoffs Affecting more than 22,000 workers. Their moves follow the job cuts earlier this month At Amazon, Goldman Sachs, and Salesforce. It is expected that more companies will do the same as those that have hired aggressively over the … Read more

Every American can feel the pain of facing Washington’s debt ceiling

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CNN – Every American could be hurt if the new Republican House’s dangerous game of roulette with a weak economy backfires. The nation reached the critical first threshold Thursday in a brewing Washington showdown national debt That could determine the term of the new Republican majority and the last two years of President Joe Biden … Read more

Debt ceiling: The Treasury Department has warned it will take “extraordinary measures” over the debt limit. That’s what that means

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CNN – Treasury Secretary Janet Yellen formally told Congress last week that the agency would have to start taking “extraordinary measures” After the United States reached its debt limit of $31.4 trillion on Thursday. But the nation has not yet reached the point where the debt ceiling crisis could be Stock market tanksand suspending Social … Read more

Forget inflation, it’s all about profits

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New York CNN – There is a season for everything and now is the time to earn. Over the past few weeks, investors have focused squarely on inflation and Fed policy, but now market reactions are larger for earnings (especially losses) and smaller for economic data. what happens: “We expect earnings to take center stage … Read more

‘Keep praying for me’: Devastated Hamlin, breathing on his own, posts to Instagram for the first time since the breakup

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CNN – Just days after suffering a stunning cardiac arrest on the field, Buffalo Bills safety Demar Hamlin said on Instagram that he was grateful for the love he had received and asked for continued prayers for a “long road” ahead. “When you put true love out into the world, it comes back to you … Read more