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 cut Wednesday would be the second this year and could benefit consumers by bringing down borrowing costs for mortgages and auto…… MORE
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 stronger by further reducing bureaucracy, removing layers, and shifting resources to ensure we’re investing in our biggest bets and what matters most to our…… MORE
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 sizeable layoffs have continued to pile up — raising worker anxieties across sectors. Some companies have pointed to rising operational costs…… MORE
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 Tuesday granted a preliminary injunction that bars the firings while a lawsuit challenging them plays out. She had previously issued a temporary restraining order against…… MORE
TOKYO (AP) — President Donald Trump spent his day in Japan bonding with new prime minister, Sanae Takaichi, taking her with him as he spoke to U.S. troops aboard an aircraft carrier. Takaichi, Japan’s first female prime minister, was seeking to solidify ties with Trump while protecting Japan’s economic interests. Trump’s team estimated it had…… MORE