California could face a $25 billion budget deficit in 2023–24, despite raking in a record-setting $98 billion budget surplus this year, according to an analysis that comes days after midterms election, in a state where the Democratic party enjoys a supermajority.
Joe Biden asked Congress for $37.7 billion in aid to continue the Russia-Ukraine war, less than two months before a new Congress is sworn in this January.
Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week.
Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession.
Amazon.com Inc. plans to lay off about 10,000 people in corporate and technology jobs starting as soon as this week, The New York Times reported Monday, citing people with knowledge of the matter.