News

Citigroup mistakenly credited a customer's account with $81 trillion instead of $280, highlighting ongoing operational issues despite efforts to address them. The error was caught and reversed, but the incident underscores the need for Citigroup to prioritize and effectively address its internal controls and risk management practices.

Former Senate Republican leader Mitch McConnell criticized the Trump administration's Ukraine policy, accusing President Trump's advisers of showing "embarrassing naivete" in dealings with Russia. He warned that pulling back from supporting Ukraine would be a sign of weakness and would damage America's credibility with allies and adversaries.

The Trump administration's streamlining of government programs has led to a surge in federal workers joining the job market, coinciding with rising uncertainty around President Trump's economic agenda and slowing hiring, especially for specialized and white-collar roles. This has resulted in an unprecedented increase in federal workers searching for new jobs, with applications rising 50% in February alone.

A federal appeals court has allowed President Trump to remove the chair of the Merit Systems Protection Board and a member of the National Labor Relations Board, handing him a major win in his efforts to control independent federal agencies. This decision could significantly hinder the ability of both agencies to function effectively, as they are now lacking a quorum and cannot issue final decisions on cases before them.

iRobot, the maker of Roomba robotic vacuum cleaners, faces an uncertain future after its planned acquisition by Amazon fell through and its stock price plummeted. The company is exploring strategic alternatives, including a potential sale, as it works to turn things around with new product launches.