Rocio Fabbro

breaking news editor @business | formerly @qz @TheMessenger @ForeignPolicy @CNBC @Salon | @nyuniversity alum

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Columbia Cuts 180 Staff Under Strain of US Funding Freeze (3)

1 month ago | news.bloombergtax.com | Rocio Fabbro |Nacha Cattan

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Columbia cuts 180 employees after ‘intense’ strain of losing federal funding

1 month ago | crainsnewyork.com | Rocio Fabbro |Nacha Cattan

Columbia University will cut 180 staffers working on research impacted by the Trump administration’s withdrawal of federal funding for grants, university leadership said in a statement Tuesday. The school said the financial strain had become “intense” as it continued to fund individuals whose salaries and stipends had until recently been funded with federal support. The reductions amount to 20% of individuals employed by Columbia who were funded at least in part by now-terminated grants.
Columbia Cuts 180 Staff Under Strain of US Funding Freeze (3)

1 month ago | news.bloomberglaw.com | Rocio Fabbro |Nacha Cattan

Columbia University will cut 180 staffers working on research impacted by the Trump administration’s withdrawal of federal funding for grants, university leadership said in a statement Tuesday. The school said the financial strain had become “intense” as it continued to fund individuals whose salaries and stipends had until recently been funded with federal support. The reductions amount to 20% of individuals employed by Columbia who were funded at least in part by now-terminated grants.
Columbia Cuts 180 Employees After ‘Intense’ Strain of Losing Federal Funding

1 month ago | bloomberg.com | Rocio Fabbro |Nacha Cattan

Columbia University campus in New York City. (Bloomberg) -- Columbia University will cut 180 staffers working on research impacted by the Trump administration’s withdrawal of federal funding for grants, university leadership said in a statement Tuesday. The school said the financial strain had become “intense” as it continued to fund individuals whose salaries and stipends had until recently been funded with federal support.
Canada’s Carney Cancels Proposed Capital Gains Tax Increase

2 months ago | news.bloomberglaw.com | Rocio Fabbro

Canada will cancel the proposed hike in the capital gains inclusion rate, Prime Minister Mark Carney announces in a statement.
Canada’s Carney Cancels Proposed Capital Gains Tax Increase

2 months ago | news.bloombergtax.com | Rocio Fabbro

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CFPB lets Capital One off the hook for $2 billion

Feb 27, 2025 | qz.com | Kevin Williams |Rocio Fabbro

In This StoryConsumers who say they were cheated out of $2 billion in interest payments from Capital One (COF+0.54%) will have to pursue action against the company on their own. That’s because the U.S. Consumer Financial Protection Bureau on Thursday dropped a legal action against Capital One, which the agency had accused last month of “unlawfully misled[ing] consumers” about its savings products. Suggested ReadingBitcoin price plunges below $85,000.
The Federal Reserve kept interest rates steady as Trump tariffs loom and inflation fears linger

Jan 29, 2025 | msn.com | Rocio Fabbro

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The Federal Reserve kept interest rates steady amid inflation fears

Jan 29, 2025 | qz.com | Rocio Fabbro

Federal Reserve policymakers voted Wednesday to hold interest rates steady in its first rate decision of the year. Suggested ReadingDeepSeek is a wakeup call for AI companies like Nvidia, strategist saysSuggested ReadingFollowing its Jan. 28-29 meeting, the Federal Open Market Committee (FOMC) decided to keep the benchmark federal funds rate at 4.25%-4.50%.
JetBlue shares sink 20% as 2025 outlook disappoints

Jan 28, 2025 | qz.com | Rocio Fabbro

In This StoryJetBlue Airways (JBLU-22.56%) shares sank about 20% Tuesday morning after warning of rising costs that could weigh on its 2025 performance.