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23andMe to slash 40% of its workforce, end therapeutics program to cut costs

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DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.

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Manufacturing activity surges in New York region to highest level in nearly three years

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The New York Federal Reserve’s Empire State business conditions index, a gauge of manufacturing activity in the state, surged 43.1 points in November to 31.2, the regional Fed bank said Friday. It is the highest level in nearly three years.

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Oil prices head for weekly fall on surging U.S. dollar, soft China demand

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Oil futures were slightly lower Friday and on track for weekly losses, plagued by a jump in the U.S. dollar and continued worries over demand from China, the world’s largest crude importer.

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One strategist lifts recession probability to 75% after Trump’s win and recommends how to position for it

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The benefit from tax cuts may be outweighed by the damage done by tariffs

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