Amazon will reportedly cut 10,000 jobs as layoffs sweep the tech industry

Amazon CEO Andy Jassy. Mike Blake/Reuters Amazon plans to lay off roughly 10,000 white-collar employees, The New York Times reported Monday. The cuts will mainly affect Amazon’s devices, human resources, and retail divisions, the paper said.  Tech companies have laid off tens of thousands of workers this year as the US economy falters.  Amazon plans…

Here’s what happens now that Biden’s student-loan forgiveness plan is officially blocked

US President Joe Biden. Samuel Corum/Getty Images A federal judge in Texas struck down Biden’s student-loan forgiveness on Thursday. The relief is effectively blocked, and Biden’s administration is appealing the decision. For now, borrowers are still expected to resume payments after December 31. President Joe Biden’s student-loan forgiveness plan is in jeopardy. On Thursday, Mark…

Investors cheering the CPI-fueled rally are set to run into the reality of an incoming recession as the Fed overdoes it with rate hikes, BlackRock says

Traders work on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. Lucas Jackson/Reuters Investors feeling good about the latest stock rally will soon be confronted with the reality of a recession, BlackRock said. It pointed to…

Older Americans are moving in with people their age to play bocce, make art, and be their true selves

A group photo of residents at PDX Commons outside Portland, Oregon. PDX Commons Some older Americans are building cohousing communities instead of moving into senior living. Cohousing refers to living arrangements in which residents own a unit and share common spaces. Residents said cohousing helped them avoid social isolation and lead their most authentic lives….