10 h. ago Computer maker Dell to cut jobs in China in latest US retreat from No 2 economy

US computer maker Dell Technologies has targeted some of its employees in China for job cuts in the latest case of American businesses retreating from the world’s second-largest economy. Dell would have individual meetings with the affected employees this week, and their last day would be October 10, according to two people who received the notice. Prior to their last day, employees could apply for any internal vacancies, they added. The job cuts mainly affect Dell’s EMC storage unit and its...

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3 d. ago Wall Street climbs to new highs on hopes of interest rate cuts

US stocks are rising to more records on expectations that the Federal Reserve will have to cut interest rates soon to help the economy. The S&P 500 climbed 0.4 per cent on Friday. The Dow Jones Industrial Average added 93 points, and the Nasdaq composite gained 0.7 per cent. The action was much stronger in the bond market, where Treasury yields tumbled following the latest weaker-than-expected update on the US job market. That raised expectations for a cut to rates by the Fed later this month....

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7 d. ago Asia stocks slip on tech retreat but China marches to its own beat

Asia stocks slip on tech retreat but China marches to its own beat  Reuters

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7 d. ago Asia stocks slip on tech retreat but China marches to its own beat By Reuters

Asia stocks slip on tech retreat but China marches to its own beat By Reuters  Investing.com

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8 d. ago Trump to cut 500 jobs at Voice of America and parent agency despite legal actions

The agency that oversees Voice of America and other government-funded international broadcasters is eliminating jobs for more than 500 employees, a Trump administration official said. The move could ratchet up a months-long legal challenge over the news outlets’ fate. Kari Lake, acting CEO of the US Agency for Global Media, announced the latest round of job cuts late on Friday, one day after a federal judge blocked her from removing Michael Abramowitz as VOA director. US District Judge Royce...

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3 w. ago World’s top hedge fund Bridgewater dumps all China stocks in retreat from market

World’s top hedge fund Bridgewater dumps all China stocks in retreat from market  South China Morning Post

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