Category Archives: 24/7 Newsroom News
Federal Reserve Likely to Cut Key Rate Wednesday and May Signal Another Cut to Follow
WASHINGTON (AP) - The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. A cu...
Oct 28, 2025
Amazon Cuts 14,000 Corporate Jobs as Spending on Artificial Intelligence Accelerates
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. "The reductions we're sharing today are a continuation of this work to get even str...
Oct 28, 2025
Layoffs Are Piling Up, Raising Worker Anxiety. Here Are Some Companies That Have Cut Jobs Recently
NEW YORK (AP) - It’s a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a "no-hire, no fire" standstill. At the same time, some size...
Oct 28, 2025
Judge Extends Order Barring the Trump Administration From Firing Federal Workers During the Shutdown
SAN FRANCISCO (AP) - A federal judge in San Francisco has indefinitely blocked the Trump administration from firing federal workers during the government shutdown. U.S. District Judge Susan Illston on...
Oct 28, 2025
Trump Bonds With Japan’s New Prime Minister and Says Her Nation is Delivering on US Investments
TOPSHOT – Japan’s Prime Minister Sanae Takaichi (R) shakes hands with US President Donald Trump at the Akasaka State Guest House in Tokyo on October 28, 2025. (Photo by JAPAN POOL / JIJI P...
Oct 28, 2025
OpenAI May Move Forward With New Business Structure, Partnership With Microsoft, Regulators Say
The OpenAI logo appears on a smartphone screen placed on a computer keyboard illuminated by blue and purple light. OpenAI unveils Sora 2, an AI-powered video generation model, and the Sora App, which ...
Oct 28, 2025
Elon Musk Launches Grokipedia to Compete With Online Encyclopedia Wikipedia
Photo by Xavier Collin/Image Press AgencyElon Musk has launched Grokipedia, a crowdsourced online encyclopedia that the billionaire seeks to position as a rival to Wikipedia. Musk announced on social ...
Oct 28, 2025
UPS Cuts 48,000 Jobs in the Year to Date as Its Turnaround Continues
United Parcel Service posted third-quarter results that handily beat Wall Street's expectations and gave details about its turnaround efforts, including approximately 48,000 job cuts. UPS said in a re...
Oct 28, 2025
Trump Administation Narrows List of Potential Federal Reserve Chairs to 5
WASHINGTON (AP) - Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year. The names suggest that ...
Oct 27, 2025
Trump Wants to Cancel More Funding During the Shutdown
Photo by Anna Moneymaker/Getty ImagesPresident Donald Trump's administration has canceled, or threatened to cancel, billions of dollars of previously approved federal spending and wants to go after ev...
Oct 27, 2025
