Federal officials circulated a memo asking agency leaders to plan even more job reductions after thousands of federal workers were fired in recent weeks.
Billionaire Elon Musk attended US President Donald Trump’s first cabinet meeting of his second term on Wednesday, amid widespread criticism of his sweeping government cuts.
Nvidia’s earnings beat expectations, driven by demand for its artificial intelligence chips. On the day Nvidia reported earnings, the U.S. yield curve inverted.
Trump’s administration has directed federal agencies to implement large-scale layoffs, with plans due by March 13. The memo aims for a significant staff reduction, impacting probationary workers first before targeting experienced civil servants, as part of a campaign to shrink the U.S. government.
Hamas handed over the bodies of four Israeli hostages while it waited for hundreds of Palestinian prisoners to be released by Israel in return, the last such exchange agreed as part of a fragile ceasefire in Gaza.