Microsoft has announced that it will be laying off employees as part of a restructuring plan. This is the second round of layoffs since the company announced it would let go 10,000 workers last summer. The latest round of cuts is expected to be much smaller, with reports that it may affect anywhere from hundreds to thousands of workers. The company has not yet elaborated on the details.
Honda is recalling almost 304,000 of its popular Accord and HR-V models due to a potential defect in the seat belt buckle. Accord sedans from the 2016 to 2018 model years, as well as HR-V crossovers from the 2016 to 2019 model years, are the vehicles affected. According to Honda, “the driver or front passenger […]
Peloton shares fall after it posts wider-than-expected loss, falling sales due to Bike recall, seasonality
Peloton’s shares fell by about 7.4% after it posted a wider-than-expected adjusted loss of $0.26 per share in its fiscal fourth quarter and reported lower-than-expected sales of $757 million. The drop in sales was largely attributed to the recall of its Tread+ product in April, as well as lower-than-expected sales due to seasonality and supply […]
Social Security payments are not affected by the government shutdown. The are funded by the Social Security Trust Fund, which is a separate fund from the federal budget and thus unaffected by the shutdown. Other key programs, such as food stamps, are also unaffected. Federal employees with Social Security Numbers will still be able to […]