Inflation Cooled Again Even As Some Tariffs Took Effect, But Economists Don’t Expect That To Last

WASHINGTON (AP) — Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by this summer. Consumer prices rose 2.3% in April from a year ago, the Labor Department said Tuesday, down from 2.4% in March…MORE

Microsoft Lays Off About 3% Of Its workforce In What One Executive Calls A ‘Day With A Lot Of Tears’

Microsoft began laying off about 6,000 workers Tuesday, nearly 3% of its entire workforce and its largest job cuts in more than two years as the company spends heavily on artificial intelligence. Hard hit was the tech giant’s home state of Washington, where Microsoft informed state officials it was cutting 1,985 workers tied to its…MORE

Feds Ask Musk’s Car Company How Its Driverless Taxis Will Avoid Causing Accidents In Texas Rollout

NEW YORK (AP) — Federal safety regulators have asked Elon Musk’s car company to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national “robo taxi” launch that is key to keeping Tesla’s stock price aloft. The National Highway Traffic Safety Administration told Tesla…MORE

UnitedHealth Group CEO Steps Down As Company Lowers, Then Withdraws Financial Outlook For 2025

UnitedHealth Group CEO Andrew Witty is stepping down from his post for personal reasons and the health care giant says it’s suspending its full-year forecast due to higher-than-expected medical costs. UnitedHealth said Tuesday that Stephen Hemsley will become CEO, effective immediately. Hemsley  served as company CEO from 2006 to 2017. He will remain chairman of…MORE