Economy
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Uber to cut 3,300 mainly management jobs in massive restructuring
The decision is part of a massive restructuring aimed at trimming management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses.
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Bessent heads to G20 to discuss economic growth and addressing debt amid tensions with Iran, Canada
The G20 meetings come as Bessent seeks support from other countries to help the U.S. isolate Iran economically in order to force its capitulation during a war that's lasted more than six months.
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Trade analyst: Tariffs cost Americans $200 billion a year, add $147 to school supplies
As summer winds down and students head back to the classroom, parents are paying more to fill their carts with notebooks, backpacks and other school supplies – about $147 more, according to one trade analyst.
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Fed Chairman Warsh calls for a ‘quieter’ Fed focused on reducing inflation
One of the “innovations” Warsh said he’s introducing at the Fed is changing “the form and function of forward guidance.”
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Florida tourism industry takes a hit as Canadian visitors choose to go elsewhere
Florida's tourism marketing agency doesn't have an explanation for the drop in Canadian visitors in its latest estimates, but it comes as tensions rise between the U.S. and Canada over trade negotiations that gave way to a tariff war.
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Fed Chair Warsh said inflation still too high, suggesting a possible interest rate increase to come
The statement, which was his first high-profile speech at the Fed's annual conference at Jackson Hole, revealed a lot clearer picture of Warsh's economic outlook than previous remarks.
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Poll: Inflation still tops voters' concerns before midterms
The economy and jobs ranked second in The Center Square poll.
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U.S. Cattlemen's Association blasts Trump's proposal to increase beef imports to bring down costs
He said the association doesn't believe Trump's plan will bring down the price of beef at the store, nor will it help American ranchers increase their herds.
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Cost of core consumer goods and services increased slightly in July, Commerce Department
The increase was in line with forecasts.
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Canada announces retaliatory tariffs on U.S. after trade talks break down
Following the failure of talks over the weekend, U.S. and Canadian leaders have traded barbs over the deal.
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San Antonio airport fuel workers oust union from workplace
Support to remove the union was so great that union officials left rather than face election defeat.
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Bessent has 'very discreet plan' to reduce the $40 trillion national debt, Vance says
A 2024 analysis by the nonpartisan Committee for a Responsible Federal Budget estimated that Trump's policies during his first term added $8.4 trillion to the national debt over a 10-year period. That's compared with the $4.3 trillion Biden approved in his first three years and five months in office.
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Canada's Carney speaks with Trump as new 50% tariffs set to take effect at midnight
The new tariffs target about $20 billion worth of imports. These tariffs will be imposed even on products that qualify for preferential treatment under the U.S.-Mexico-Canada trade agreement, which has shielded much of Canadian industry from earlier U.S. tariffs.