Economy
Image
SpaceX plans to raise $75 billion in its IPO, which could make Elon Musk world's first trillionaire
A $1.77 trillion valuation of SpaceX would boost Musk's worth to an estimated $1.05 trillion.
Image
Trump administration invokes human rights in latest bid to restore ‘Liberation Day’ tariffs
The U.S. Trade Representative is proposing a new baseline 10% tariff on U.S. trading partners who are not doing enough to combat the importation of goods made using forced labor.
Image
U.S. chief executives express declining optimism in U.S. economy, survey shows
Almost a third — 31% — said they expect to reduce their workforce, up from 27% in the first quarter. Of those surveyed, 40% expect no changes.
Image
PayPal stock drops after outcry over now-withdrawn plan to fine users for 'misinformation'
PayPal's stock had decreased by 5.5% as of Monday morning trading.
Image
'Serious stuff.' JPMorgan CEO warns U.S. will likely follow Europe into recession next year
Europe is "likely to put the U.S. in some kind of recession six to nine months from now," Jamie Dimon said.
Image
A chief economic adviser says the recession the US is about to enter was 'totally avoidable'
"That is the cost of a Federal Reserve being late. Not only does it have to overcome inflation, but it has to restore its credibility."
Image
Dow tumbles 600 points, dropping below level just prior to pandemic crash
Underwhelming jobs report sends stocks plummeting.
Image
Job growth declines for second straight month; unemployment falls again to 50-year low
Federal Reserve continues aggressive approach to tamping down inflation.
Image
Ford says it will raise the price of its electric F-150 for the second time in two months
Overall price up $12,000 since release.
Image
I.M.F. head warns risks of recession are on the rise: 'Likely to get worse than to get better'
Estimates "one-third of the world economy" will face contractions in near future.
Image
Job openings dropped significantly in August, as hiring remained strong
The total of open jobs listed dropped by 1.1 million in August.
Image
Dow falls another 500 points, headed toward two-year low
Stock index down more than 7% since Biden took office.
Image
Amazon reportedly closing all but one U.S. call center, shifting employees to remote work
Flagging revenue growth is leading company to tighten belt.