Economy
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Ranchers decry beef imports from Argentina, expert says good start
Agriculture Secretary Brooke Rollins recently noted that Americans consume about 12 million metric tons of beef.
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While US stocks prices stay high amid Trump's tariff-trade agenda, European stocks struggle
The US stock market continues to hover its record heights, as Wall Street wade through such up-and-down developments including US-China trade war to Big Tech profits
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Amazon layoffs threaten Seattle’s payroll tax and holiday sales revenue
Amazon is laying off 2,303 Washington-based employees.
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Federal Reserve cuts interest rates for second time this year
The Fed cut the rate by a quarter of a percentage point.
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Amazon cuts 14,000 corporate jobs amid AI transition
"The reductions we’re sharing today are a continuation of this work to get even stronger by further reducing bureaucracy," Amazon Senior VP Beth Galetti said
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You Vote: With the stock market hitting record highs Monday, what are you expecting for the economy?
The stock market on Monday closed at record highs, one day after the Trump administration announced that the United States and China have agreed to a "substantial framework" in trade talks.
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GM lays off over 200 salaried employees: report
“We’re restructuring our design engineering team to strengthen our core architectural design engineering capabilities,” GM said
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Consumer prices rose at annualized rate of 3% in September: federal government
The rate was 2.9% in August.
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US national debt hits $38 trillion, just 2 months after reaching $37 trillion
“It’s tough to decide what the most appalling part is of today’s announcement from the Treasury: that we surpassed an unprecedented $38 trillion in gross national debt; that we’ll likely hit the next milestone in just a matter of months.
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Everyday Economics: Economic expansions rarely die of old age
The August CPI report (the latest available) showed headline inflation up 2.9% year-over-year and core inflation (excluding food and energy) up 3.1%. Within services, the closely watched "services less energy" category ran 3.6% year-over-year in August – down from earlier peaks. Food prices rose 3.2% while energy stayed roughly flat (+0.4%).
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Kering close to sale of beauty unit to L'Oreal: report
Kering's new CEO Luca De Meo, who became in the role in September, vowed to combat the high-debt issue that has reportedly made investors uneasy.
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Labor Department warns of increasing food prices amid drop in illegal immigrant workforce
“Despite rising wages, there is no indication that unemployed or marginally attached U.S. workers are entering the agricultural labor force in meaningful numbers,” the Labor Department said
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Trio wins Nobel Prize for economics for their independent but related work on 'creative destruction'
"Creative destruction" is the economic concept of new technologies replacing older ones.