Category Economics

Education and inflation

“The chancellors of the University of California’s nine undergraduate campuses will each get raises under an action taken by the university’s board of regents. The board voted Thursday to approve spending a total of about $800,000 to give raises to…

Job cuts

“The popular meditation startup Calm, known for its wellness app, has reportedly laid off 20% of its staff, according to The Wall Street Journal. Roughly 90 out of 400 Calm employees were laid off, according to the report.” — CNBC

EV incentives or disincentives?

“Proposed tax credits of up to $7,500 for electric vehicles under the Inflation Reduction Act could be counterintuitive for sales of EVs, according to several companies and a group representing major automakers such as General Motors, Toyota Motor and Ford…

Job cuts

“Sweetgreen lowered its 2022 forecast, citing weaker sales that began around Memorial Day. The chain said it laid off 5% of its support center workforce and will downsize to a smaller office building to lower its operating expenses.” — CNBC