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The Latest Breaking News from CNBC

Laid off on leave: Yes, it's legal and it's hitting some workers hard

The wave of layoffs in tech, media and elsewhere is affecting a sizable number of people who are out on medical or parental leave. While legal, it can make a bad situation even worse.

WEKU

Google is slashing its employee benefits - even laptops and staplers

Instead of layoffs, Google is trying to save money elsewhere, but at the risk of worker satisfaction.

TechRadar

Starbucks fires worker who sparked union

The firing came just days after former CEO Howard Schultz appeared before a Senate committee to face questioning

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

Google’s belt-tightening is thinning out the company’s lavish perks

Google is tapping its hybrid work structure to cut expenses on employee services as it gears up for a larger efficiency push.

Fortune

OPEC+ pricing power is ‘higher than it’s ever been’ after oil cuts, Goldman Sachs says

Oil-producing allies approved another oil production cut that could deal damage to the West.

Fortune

Vince McMahon Has a Wild New Look, and People Have Thoughts

Fans react to his new jet-black hair and mustache.

Sports Illustrated

UFC and WWE will team up to form a $21.4 billion sports entertainment company

The new business will focus on growing media rights and sponsorship revenue, and will be lead by Endeavor CEO Ari Emanuel. Vince McMahon, executive chairman at WWE, will serve in the same role.

WEKU

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Harvard economist Jason Furman says the Fed shouldn’t flinch in its inflation fight—unless the ‘turmoil spreads within the financial system’

We haven’t learned anything “particularly reassuring in the last three and a half weeks” about inflation even amid the banking crisis, Furman told CNBC.

Fortune

Marjorie Taylor Greene claims ‘Democrats want civil war’ as she attacks Stormy Daniels after Trump indictment

Georgia Republican claims Democrats ‘want to push us into reacting so they can use their weaponized government to lock us all up’

The Independent UK

Virgin Orbit ceases operations after failing to find funding

Virgin Orbit Holdings Inc., the satellite-launch company tied to British billionaire Richard Branson, is ceasing operations indefinitely, succumbing to growing cash-crunch pressures that have paralyzed startups in many emerging technologies.

Tribune News Service

Virgin Orbit ceasing operations 'for the foreseeable future:' report

Virgin Orbit is ceasing operations "for the foreseeable future" and laying off about 90% of its workforce, according to CNBC.

Space

Stocks could surge 14% by the end of the year—oddly, with help from the bank crisis

The economy and inflation could slow without the need for many more interest rate hikes—and it would be good news for stocks.

Fortune

The moon may get its own 4G network later this year, thanks to Nokia

As cool as it sounds, we might see a stable 4G connection on the moon later this year.

Android Central

The Moon is getting a 4G network, thanks to Nokia

Future astronauts will get to remotely play with rovers, in real-time, and beam the data back to Earth.

TechRadar

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news in one place.

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Tribune News Service

McCarthy to Biden on debt limit: ‘You are on the clock’

WASHINGTON — Speaker Kevin McCarthy on Tuesday wrote to President Joe Biden asking him to set a date for their next negotiating meeting on the debt limit by the end of the week.

Space

Virgin Orbit extends employee furlough after finance deal falls through: report

Talks with two separate buyers collapsed over the weekend as Virgin Orbit seeks more cash to continue launch operations, a media report suggests.

The Independent UK

Millennial Money: Manage the costs of a chronic condition

For millennials with chronic medical conditions — or those raising kids with chronic conditions — health care can be an enormous expense

Fortune

Billionaire ‘Bond King’ Jeff Gundlach tells the Fed it must choose between fighting inflation or rescuing banks—it can’t do both

The DoubleLine CEO predicted a recession is just months away.

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Roll Call

McCarthy to Biden on debt limit: 'You are on the clock' - Roll Call

Speaker Kevin McCarthy wrote to President Joe Biden Tuesday asking him to set a date for their next meeting on the debt limit.

Axios

White powder sent to Manhattan DA investigating Trump deemed non-hazardous

A spokesman for Manhattan District Attorney Alvin Bragg said in a statement that the material "was immediately contained."

The Independent UK

Stormy Daniels says her phone records are ‘gonna hurt’ Trump in hush money probe

Biographer says indictment would mean that ‘one of the slipperiest people at the highest level of business, whose devotion to abusing the system is so well established, is being caught’

The Independent UK

Stormy Daniels says her phone records are ‘gonna hurt’ Trump in hush money probe

Biographer says indictment would mean that ‘one of the slipperiest people at the highest level of business, whose devotion to abusing the system is so well established, is being caught’

Fortune

Cathie Wood says Fed interest rates were an 'earthquake' for her ARK fund

Wood's ARK had a terrible 2022, and just like last year, the fund's future largely depends on what the Fed does next.

Space

Virgin Orbit restarts operations with 'small' team as it works on finance deal: reports

Launch company Virgin Orbit is bringing back some of its furloughed employees after putting them on leave last week, according to media reports.

Zenger

SpaceX Begins Their Testing Phase Of Starlink Satellites In Their Partnership With T-Mobile

SpaceX and T-Mobile are beginning to test satellite-to-cell service as it attempts to test dead spots in various remote places

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People

Marjorie Taylor Greene

From analysis to the latest developments in health,
read the most diverse news in one place.

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