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Forbes fires dozens of contributors as bosses push to be ‘financially sound’

Forbes has moved aggressively to cut costs, abruptly dismissing dozens of contributors as part of a broader effort by its leadership to present the company as “financially sound” to investors and potential buyers. The decision, which follows earlier staff reductions, signals a strategic shift away from the sprawling contributor network that once defined the brand’s…

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The Fed’s favorite inflation gauge hit 2.8% in September

The Federal Reserve’s preferred inflation gauge showed prices rising 2.8% in September compared with a year earlier, a level that keeps the central bank uncomfortably above its target even as the broader economy cools. The latest reading, delayed by the government shutdown, suggests inflation is easing only gradually from earlier peaks, leaving households still squeezed…

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