• May 13, 2025

Russian economy in worse shape than Moscow says, report for EU shows

BRUSSELS (Reuters) -The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over Moscow's invasion of Ukraine, a report by the Stockholm Institute of Transition Economics (SITE) said on Tuesday. The report, prepared for talks of European Union finance ministers, said that while still relatively stable, the Russian economy was only superficially resilient and that underlying imbalances and structural weaknesses were growing.

  • May 13, 2025

JPMorgan Chase layoffs continue in New Jersey

Another round of JPMorgan Chase layoffs impacting New Jersey has been announced. The nation’s largest bank cut loose 121 Jersey City employees on May 5, according to the Bergen Record. A WARN notice to the state shows JPMorgan Chase could release as many as 145 more Garden State workers in June. A spokesperson told the Daily News the reductions were routine personnel decisions unrelated to ...