President Donald Trump and Chinese leader Xi Jinping will meet in Busan, South Korea, to discuss tariffs, fentanyl and rare-earth minerals.
Category Archives: business
Drone video shows Hurricane Melissa damage in Jamaica
Aerial footage shows extensive flooding and damage to buildings across western Jamaica, caused by the record-breaking Hurricane Melissa.
GM to cut thousands of jobs in Michigan, Tennessee and Ohio
General Motors plans to lay off about 1,200 workers at its Detroit-area all-electric factory and cut 550 jobs at its Ultium battery facility in Ohio.
Nvidia becomes the first company worth $5 trillion, powered by the AI frenzy
AI giant Nvidia notched yet another historic milestone, becoming the first company ever worth $5 trillion.
Paramount Skydance begins layoffs, plans to slash about 2,000 jobs
Paramount began a sweeping round of layoffs Wednesday, according to a memo from CEO David Ellison, just months after the Trump administration greenlit its controversial $8 billion merger with Skydance, an entertainment group looking to shake up the entire media ecosystem.
Jamaica a Disaster Area After Hurricane Melissa Makes Landfall
Hurricane Melissa is wreaking havoc in Cuba after absolutely devastating the island of Jamaica as a Category 5 storm with destructive 185-mile-per-hour winds and heavy rain that caused catastrophic flooding and landslides. NBC’s George Solis reports and TODAY’s Al Roker tracks where it’s headed next.
Fed cuts key interest rate as big firms lay off thousands and inflation creeps higher
The Federal Reserve on Wednesday cut its benchmark interest rate for the second time this year as it seeks to boost economic activity and rejuvenate the sluggish labor market despite concerns about persistent inflation
Graphic: Halloween candy’s startling rise in price
In the past five years, candy prices have increased at three times the rate of inflation.
U.S. tourist describes sheltering from Hurricane Melissa
Donna Lee Gordon, a U.S. tourist visiting Jamaica, spoke with NBC News’ Kate Snow about her experience sheltering from Hurricane Melissa in Kingston, Jamaica.
Federal employees manning the skies miss first paycheck amid government shutdown
As the government shutdown drags on, federal employees who support the country’s airports, such as air traffic controllers and Transportation Security Administration workers, say they are still in the dark about when they will be paid next.