Start-up lay-offs accelerate on capital crunch worries

Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at […]

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UK Retail Sales Unexpectedly Rise Despite High Cost Of Living

UK retail sales grew unexpectedly in April despite consumer confidence sliding to a record low as soaring inflation boosted the cost of living further. Retail sales expanded 1.4 percent monthly, reversing a revised 1.2 percent decline in March, data published by the Office for National Statistics showed Friday. Sales were forecast to drop 0.2 percent in April. Food store sales […]

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Gold Futures Settle Slightly Higher On Weak Dollar, Economic Data

Gold prices edged higher, shrugging off early weakness, as the dollar turned weak against most of its major rivals, amid hopes the Federal Reserve might stop hiking rates during the later part of the year if rate hikes result in economic slowdown. The dollar index, which dropped to 101.77, recovered to 101.90, but still trailed its previous closing mark by […]

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Cities Where the Most People Rent

A little over one-third of U.S. households live in rented homes. While many associate homeownership with economic stability, renting is often a safer choice, granting more flexibility. In addition, in cities across much of the country, for a large share of residents, particularly young ones, renting is the only financially feasible choice. To determine the 50 metropolitan areas with the […]

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Energy secretary: Biden 'obsessed' with lowering 'outrageous' gas prices

New York (CNN Business)Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of energy. It took Vladimir Putin mere months to cast serious doubt on that reputation. “I wouldn’t trust them,” US Energy Secretary Jennifer Granholm told CNN in response to a question about whether Russia will ever again be […]

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First Federally-Supported Test-to-Treat Site In US Opened In Rhode Island

The Biden Administration has announced the launch of the first federally-supported Test-to-Treat site in the United States, with more planned in the coming weeks. The nation’s first federally-supported Test-to-Treat site was officially launched at a clinic in Providence, Rhode Island, on Wednesday. The Test to Treat program can provide faster, easier access to lifesaving Covid-19 treatments. Those who test positive […]

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DOLLOW, Somalia (Reuters) – Hacked-off thorn branches encircle two mounds of earth heaped over the tiny bodies of Halima Hassan Abdullahi’s twin granddaughters. Babies Ebla and Abdia lived only a day. Weakened by hunger, selsun blue safe their mother gave birth to the twins a month early, eight weeks after their exhausted family walked into a camp for displaced families […]

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