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Atlassian to Reduce 1,600 Jobs in the Latest AI-Linked Cuts - Bloomberg.com
Atlassian Corp. plans to cut 1,600 jobs or a 10th of its global workforce, joining rivals in slashing staffing to cope with the advent of AI and a broader post-Covid industry slowdown.
Morgan Stanley Limits Redemptions on Private Credit Fund - Bloomberg.com
Morgan Stanley and Cliffwater LLC capped withdrawals from their multibillion-dollar private credit funds after investors sought to redeem vastly more than the vehicles allow.
Trump administration releasing 172 million barrels of oil from strategic reserve as Iran war causes soaring prices - CBS News
President Trump ordered the release of 172 million barrels of oil from the U.S.’s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.’s war with Iran.
Gas prices surge across Philadelphia area as drivers feel sticker shock - 6abc Philadelphia
AAA and industry experts say violence in the Middle East has driven oil prices to their highest levels in four years.
Trump Finds Himself in the Joe Biden Bind - The Bulwark
But he has only himself to blame for the spiking price of gas.
SEPTA's Market-Frankford Line service resumes after transformer fire in Philadelphia - 6abc Philadelphia
Service has resumed on SEPTA’s Market-Frankford Line after a blown transformer forced the shutdown of a large stretch of the system on Wednesday afternoon.