Articles filed under Economy
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Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000Mar 20, 2023 1:00 am - NEW YORK - Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest ...
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When an Illinois lawmaker tries to 'win' a tax, guess who loses?Mar 19, 2023 1:00 am - We hear a lot of talk about businesses leaving Illinois. But addressing the problems that cause them to leave? Not so much. There is an urgency to fixing the problems th...
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U.S. jobless aid claims fell last week as layoffs remain lowMar 16, 2023 1:00 am - Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool the economy and tamp down infl...
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FACT CHECK: Were 'woke' policies to blame for bank's demise?Mar 16, 2023 1:00 am - As Wall Street reels from the swift demise of Silicon Valley Bank - the biggest American bank failure since the 2008 financial meltdown - some social media users are hon...
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Experts, banks look for ideas to stop next bank failureMar 16, 2023 1:00 am - WASHINGTON (AP) - The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The v...
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Yellen tells Congress US banking system 'remains sound'Mar 16, 2023 1:00 am - WASHINGTON (AP) - A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the n...
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Retail sales dip 0.4% in February after buying burst in JanuaryMar 15, 2023 1:00 am - NEW YORK - America's consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. The governmen...
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U.S. wholesale inflation fell last month on lower food costsMar 15, 2023 1:00 am - WASHINGTON - Wholesale price increases in the United States slowed sharply last month as food and energy costs declined, a sign that inflationary pressures may be easing...
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U.S. inflation eases but stays high, putting Fed in tough spotMar 14, 2023 1:00 am - WASHINGTON - U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Fed...
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Applications for US jobless aid rise by most in 5 monthsMar 09, 2023 12:00 am - The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues...