Oracle Cut 21,000 Jobs and Blamed AI. The Numbers Tell the Story
Oracle told regulators that AI helped cut 21,000 jobs in a single year. The numbers behind that filing reveal how...
June 23, 2026The Federal Reserve sets the price of money for the entire world, and the US economy’s signals – jobs, inflation, growth, sentiment – decide where global capital flows. The Rio Times covers the Fed, the dollar and US macro data through an emerging-market lens, because nothing moves Latin American rates and currencies more.
Oracle told regulators that AI helped cut 21,000 jobs in a single year. The numbers behind that filing reveal how...
June 23, 2026
USA & Canada Intelligence Brief for Tuesday: the AI trade that powered the market turned against it, dragging the Nasdaq...
June 23, 2026
A US$10.9 billion takeover lands at a 49 percent premium. Home prices hit a record. The market roars. And the...
June 22, 2026
USA & Canada Intelligence Brief for Monday: Alan Greenspan's death drew Washington's tributes as a near-eleven-billion-dollar drug deal, a record...
June 22, 2026
Canada's economy stalled in the first quarter as housing weakened, yet a patient central bank and resilient spending complicate the...
June 19, 2026
Past the Fed market drama, the real US signal was a frozen labor market and a stalled housing sector. The...
June 19, 2026
New Fed chair Kevin Warsh held rates but cut the statement to 130 words and dropped forward guidance. A central...
June 19, 2026
USA and Canada Intelligence Brief for Thursday: markets reeled then steadied after Warsh's hawkish Fed turn, but the day's deeper...
June 18, 2026
USA and Canada Intelligence Brief for Wednesday: the Fed's verdict lands with a near-certain hold and a dot plot poised...
June 17, 2026