Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a strong labor market.
Category Archives: business
Elon Musk has begun laying off Twitter staffers, days after his $44 billion takeover
Twitter has begun laying off sizable chunks of the company, the first major move by Elon Musk since his acquisition of the company was completed last week.
Airbag deaths lead to 'do not drive' order for some older Dodge, Chrysler vehicles
Chrysler-parent Stellantis is urging owners of 276,000 older U.S. vehicles to immediately stop driving after three crash deaths tied to faulty Takata air bag
Lyft lays off hundreds and Amazon freezes corporate hiring as tech downturn persists
Lyft confirmed its plans Thursday to lay off 13% of its workforce, equivalent to about 700 employees, as the broader downturn in once high-flying tech
Amazon pauses hiring for corporate workforce
Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.
The economies of three swing states show midterm voters face different pressures
Midterm voters in Pennsylvania, Wisconsin and Arizona will help decide control of the Senate, but job and inflation data show different economic pressures.
CBS, Moonves must pay $30.5 million for insider trading after sex assault allegations
CBS and its former president, Les Moonves, will pay $30.5 million as part of an agreement with the New York attorney general’s office, which says the network’s
WWE ends investigation into alleged misconduct by Vince McMahon
World Wrestling Entertainment said Wednesday that a special committee investigating alleged misconduct and secret payments by former CEO Vince McMahon had
Bedeviled by high inflation, Federal Reserve hikes interest rate by 0.75% again
Battling inflation that remains at four-decade highs, the Federal Reserve said Wednesday it hiked its key interest rate by another 0.75%. “Inflation remains
Elon Musk suggests banned people won’t be allowed back on Twitter for weeks
Elon Musk suggested that people “de-platformed” will not be allowed back on Twitter for weeks, appearing to rule out the return of figures like former President Donald Trump before the midterm elections.