logo
6% Unemployment Predicted by the Oracle of Wall Street

6% Unemployment Predicted by the Oracle of Wall Street

Bloomberg07-05-2025
Known as the Oracle of Wall Street, Meredith Whitney, the CEO of Meredith Whitney Advisory Group, says to expect 6% unemployment by the fall. She joined Bloomberg Open Interest to talk about the waning strength of the consumer. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

T-Mobile layoffs hit IT org at wireless giant
T-Mobile layoffs hit IT org at wireless giant

Geek Wire

timea minute ago

  • Geek Wire

T-Mobile layoffs hit IT org at wireless giant

(GeekWire File Photo / Taylor Soper) T-Mobile laid off an undisclosed amount of employees within its IT organization, the Bellevue, Wash.-based wireless carrier confirmed to GeekWire. 'To put T-Mobile in the best position to continue delivering our customers best-in-class digital first experiences, we are evolving our IT organization,' the company said in a statement. 'As we continue to hire for hundreds of new roles, we have eliminated a small portion of positions to realign the focus and structure of some parts of the team. We have offered impacted employees support as they transition.' A spokesperson did not provide details about number of workers impacted. T-Mobile, which recently closed its acquisition of UScellular's wireless operations, reported $17.4 billion in services revenue for its most recent quarter, up 6% year-over-year, and net income of $3.2 billion — up 10% and a quarterly record. T-Mobile, the second-largest wireless carrier in the U.S., added 1.7 million postpaid customers in the quarter. Its stock is up nearly 30% in the past 12 months.

Save $69.01 on the Apple AirPods Max, the best headphones for iPhone users
Save $69.01 on the Apple AirPods Max, the best headphones for iPhone users

Android Authority

timea minute ago

  • Android Authority

Save $69.01 on the Apple AirPods Max, the best headphones for iPhone users

We just covered a deal on the Sony WH-1000XM6, the best overall headphones around. That said, Apple users are usually better off with the Apple AirPods Max. They are also on sale, and the discount is much better, saving you $69.01 and bringing the price down to $479.99. Buy the Apple AirPods Max for $479.99 ($69.01 off) This offer is available from Amazon. The discount applies to all color versions, except Purple, which is currently unavailable directly from Amazon. This means you can get the AirPods Max at just $479.99 in Midnight, Starlight, Blue, and Orange. Also, this is the newer USB-C model. Apple AirPods Max (USB-C) Apple AirPods Max (USB-C) A spectacular pair of headphones with best-in-class ANC The AirPods Max wireless headphones offer best-in-class noise canceling with twenty hours of battery life. They provide excellent frequency response and great audio features. See price at Amazon Save $69.01 Even on sale, the Apple AirPods Max are far from cheap. If you don't mind paying the premium, though, these are exceptional headphones that Apple users will absolutely love. After all, our audio experts at list them as the best option for iPhone users in their list of the best headphones. The Apple AirPods Max compete only with the highest-end consumer headphones around. These come with exceptional audio quality and outstanding ANC performance. Additionally, the design is among the nicest. The clean, metallic construction looks and feels fantastic. We also found the large earcups very large and comfortable, which is nice for long listening sessions. Of course, these are super high-end cans, and come with all the great features you can think of. Just keep in mind some of them are Apple-exclusive capabilities, such as auto-pausing, auto device switching, certain gestures, and Siri support. You can use them with non-Apple devices via Bluetooth, but most of the main features won't be available. In terms of battery life, these do decently, but not amazingly. Our friends at ran them through their standardized tests and got about 21 hours per charge. This is actually better than the 20 hours that Apple promises, though, which was a pleasant surprise. Our only real complaint about the Apple AirPods Max is the price, which is better today, thanks to this offer. Go catch this deal while you can! Follow

Pennsylvania Senate introduces plan for SEPTA funding, but Gov. Shapiro calls it "not a serious" proposal
Pennsylvania Senate introduces plan for SEPTA funding, but Gov. Shapiro calls it "not a serious" proposal

CBS News

time2 minutes ago

  • CBS News

Pennsylvania Senate introduces plan for SEPTA funding, but Gov. Shapiro calls it "not a serious" proposal

On Tuesday, the Pennsylvania Senate returned to session and introduced a new plan to fund SEPTA and avoid major service cuts at the end of this month. Republican state Sen. Joe Picozzi, of Northeast Philadelphia, introduced an amendment that would fund mass transit for the next two years. Picozzi's amendment was approved in the state Senate by a 27 to 22 vote. The funding would be drawn from the Pennsylvania Transit Trust Fund. It also includes safety and accountability provisions. Picozzi called the bill a "bridge" that will fund SEPTA for the next two years. "This proposal is the only viable plan to keep service running past the August deadline," Picozzi said. "By enacting this legislation, we give ourselves the breathing room to design a better, safer, more accountable transit system for the next generation and the 21st century." A spokesperson for Pennsylvania Gov. Josh Shapiro slammed Picozzi's proposal. "While Governor Shapiro appreciates Senate Republicans finally acknowledging the need to fund mass transit systems across the Commonwealth, this is clearly not a serious, long-term proposal that can pass both chambers," Shapiro's spokesperson said in a statement. "It's time to get back to the table and keep working at it." Democrats in the state Senate also opposed the plan. "The proposal before us quite simply robs money from urgently needed capital projects to pay for off-rating costs," Democratic state Sen. Nikil Saval, of Philadelphia, said. "This is service cuts by another name." On Monday, Pennsylvania's House of Representatives passed legislation that would provide SEPTA with the funding it needs to avoid the looming "doomsday" service cuts. The Democrat-backed bill had the support of Shapiro and passed the chamber, 108-95, over the objection of nearly every Republican in the chamber. Philadelphia students return to school on Aug. 25 — one day after SEPTA would begin service cuts if it doesn't have state funding. "The cuts are going to impact students a great deal, and they're unfortunately going to be among the first that will be hit with these cuts," Andrew Busch, a spokesperson with SEPTA, said. While SEPTA said students will still have options, they won't be as direct as they are now. "They might have to transfer to two or three different routes now, might have a longer walk," Busch said. Stanley's son takes the T-4 trolley in West Philly – one line slated to see reduced service. He worries fewer trollies will mean overcrowding. "Coming from school, it be packed, so he's missing trolleys, or missing the bus to come home," Stanley said. "He has to find another route to come home." Stanley's son is one of 52,000 School District of Philadelphia students who use SEPTA to get to school. And district leaders said they're concerned about the impact cuts could have on attendance. "A key driver for continuing to improve our school district is we need our kids, our young people, to be in school at least 90% of every month," Dr. Tony Watlington, the superintendent of the School District of Philadelphia, said. Watlington said they're working with parents where they can. But he acknowledged much is out of their control — and the district can't just add more yellow buses to fill routes. "It's inefficient to do two systems, number one," Watlington said. "Number two, there's a shortage of bus drivers and resources to get a lot of additional school buses." School safety officials said with the possibility of more kids walking, they are working with Philadelphia police to increase patrols in high-travel areas. "It's probably going to require a lot more from parents to get their students to and from school safely," said Chief of School Safety Craig Johnson.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store