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Federal Reserve's Logan: The job market remains stable.

2026-05-01

Federal Reserve's Logan: The job market remains stable.

Other News
2026-05-01

Meta Platforms told employees it is not ruling out additional layoffs beyond plans to cut about 10% of staff next month, according to an internal meeting cited by sources. Chief People Officer Janelle Gale said she could not guarantee no further job

Meta Platforms told employees it is not ruling out additional layoffs beyond plans to cut about 10% of staff next month, according to an internal meeting cited by sources. Chief People Officer Janelle Gale said she could not guarantee no further job cuts as priorities shift and competition intensifies, despite a strong business. CEO Mark Zuckerberg said AI automation is not driving the reductions, while highlighting efficiency gains from smaller teams. The company is increasing AI investment, with infrastructure spending projected at $125 billion to $145 billion this year.
2026-05-01

Spot gold rose more than $10 in the short term, currently trading at $4,633.93 per ounce.

Spot gold rose more than $10 in the short term, currently trading at $4,633.93 per ounce.
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