LIVE Government Shutdown: Bessent Says GDP Will Be Hit; Trump Meeting to Decide on Job Cuts Last Updated: 1 hour ago How a Shutdown Could Slow the Housing Market By Shaina Mishkin (Photo by Joe Raedle/Getty Images) Home sales won't grind to a halt during a government shutdown. But sellers, buyers, and the housing industry will still be affected, particularly so if the shutdown drags out, Selma Hepp, the chief economist at real estate data and analytics firm Cotality, writes. "Overall, the shutdown introduce ...

ExxonMobil has revealed plans to eliminate roughly 2,000 roles worldwide, especially in Canada and across the EU. The decision is part of a move to consolidate smaller offices into regional hubs. Other large oil operators including Chevron, ConocoPhillips and bp have also announced substantial job cuts in recent months amid a downturn in crude prices and higher supplies from OPEC and allied producers, reported Bloomberg. The reductions, equivalent to around 3–4% of Exxon’s global workforce, form part of ...