News list for " on Thursday"
The IRS will cut about 6,700 jobs on Thursday, a person familiar with the matter said, in a restructuring that could strain the agency during the critical tax season. The cuts are all probation period employees who typically work at the agency for a year or two and enjoy fewer job protections than permanent employees. The IRS has about 17,000 probation period employees.
According to the New York Times, the IRS will begin laying off about 6,000 employees on Thursday.
According to the Wall Street Journal, U.S. Vice President Vance said Thursday that the United States will impose sanctions and possibly military action on Russia if Russian President Vladimir Putin does not agree to a peace deal with Ukraine that guarantees its long-term independence. If Russia fails to negotiate in good faith, the option of sending U.S. troops to Ukraine remains "on the table."
Musk on Thursday called for the "removal of all agencies" from the US federal government. Since becoming head of the "Department of Government Efficiency", with Trump's support, Musk has consolidated his control over large parts of government. Musk made the remarks at the World Government Summit in the UAE, wearing a black T-shirt that read "Tech Support". He joked that he was "Tech Support from the White House". "How many agencies does it take to govern a country? 9...
Coinbase Derivatives, a subsidiary of Coinbase, filed a regulatory filing on Thursday to launch new futures contracts for Solana (SOL) and Hedera (HBAR) on or after February 18. The contracts will be cash-settled and settled on a monthly basis.
U.S. stocks closed on Thursday, with the Dow initially closing up 0.92%, the S & P 500 up 0.53% to a record high, and the Nasdaq up 0.22%.
Bowman, the Fed governor, said on Thursday that she supported last month's rate cut as the "last step" in the Fed's monetary policy adjustment and that caution was needed in the future because of rising inflation risks. "We should also avoid prejudging the future policy of the new administration," Bowman said in remarks to the California Bankers Association.
Ms Britten, deputy governor of the Bank of England, said on Thursday that recent evidence supported a gradual rate cut but that measuring the appropriate pace of easing was tricky. "Recent evidence further supports the removal of policy constraints, which I expect to continue to be phased out over time," said Ms Britten, deputy governor for financial stability and seen as a centrist on the monetary policy committee, in a speech at the University of Edinburgh. She said that at this stage "...
"The ECB's base rate should fall to around 2 percent around the autumn of 2025," Stournaras, the ECB's governing council and central bank governor, told Greece's Skai radio station, according to a transcript released Thursday by the Greek central bank. He said the forecast would still be subject to "unforeseen circumstances," citing risk factors in Europe and the United States. Economists and investors believe the region's economy is suffering as the ECB cuts interest rates at every meeting unti...
Moldova's parliament, controlled by pro-Western lawmakers, approved a 10-year defense strategy on Thursday that calls for increased defense spending as part of a plan to join the European Union. Pro-Russian opponents in the parliament scoffed that the document was pointlessly aimed directly at Moscow, despite Moldova's small size and small armed forces.
The UK government will launch a pilot to offer a digital government bond instrument similar to a bond using distributed ledger technology, the Treasury said in a statement on Thursday. "The government will launch a pilot to deliver a digital government bond instrument using distributed ledger technology (DLT) to demonstrate the government's commitment to innovation in financial services," the Treasury said. DLT is the underlying technology for cryptoassets, and each node can save and update data...
JPMorgan Chase said in a report released Thursday that it believes bitcoin will continue to benefit from a Republican victory in the US Presidential Election. The report said a Trump victory would have repercussions similar to those of 2016 in the next eight weeks or so. While bitcoin has surged and gold prices have fallen as a result of Trump's victory, Trump's policies could support both in 2025. As traders try to hedge against currency depreciation and geopolitical resistance, Huang...
On October 19th, according to foreign media reports, Musk once again "shouted" the Dogecoin (DOGE) during a speech in Pennsylvania on Thursday to promote Donald Trump's presidential campaign, causing the price of the Meme coin to surge by 15% in 24 hours. During the speech, an audience member asked Musk about Trump's promise to appoint him to lead the "Government Effectiveness Council" in the future. Musk replied: "Yes, Dogecoin (D.O.G.E.)."
The Israeli military said in a statement that it had eliminated the head of Hezbollah's communications network, Mohammad Rashid Sakafi, on Thursday.
Trump said on Thursday that if he wins the general election in November, he will establish a government efficiency commission headed by Musk. The commission will develop an action plan to completely eliminate fraud and improper payments within six months. This will save the United States trillions of dollars while maintaining the same level of government services. In response, Musk wrote on X: "If given the opportunity, I look forward to serving America. No pay, no title, no recognition." (Kim T...
7x24 Newsflash
Hot News
