Downsizing: PricewaterhouseCoopers’s U.S. unit is laying off about 1,800 workers―its first formal layoffs since 2009―and restructuring its products and technology group to simplify operations and address declining demand for certain advisory services. Read more from The Wall Street Journal.
Rain check: BRAC’s mayoral forum that was scheduled to be broadcast tonight by WBRZ-TV will be rescheduled. Details will be announced once the venue is confirmed.
Long awaited: U.S. central bankers will likely start interest rate cuts next week with a quarter-of-a-percentage-point reduction, as they seek to reduce the odds of a recession even as stubbornly intact underlying price pressures put them off more aggressive action. Read more from Reuters.
