business news

Fed Governor Waller backs interest rate cut at September meeting, open to larger move

Federal Reserve Governor Christopher Waller on Friday backed an interest rate cut at the upcoming central bank policy meeting in…

Unemployment among Black workers falls in August, bucking trend from other groups

The unemployment rate for Black workers fell in August, according to data released Friday by the Department of Labor. In…

Here’s where the jobs are for August 2024 — in one chart

The August jobs report came in weaker than expected, and employment growth by different industries showed a mixed bag for…

August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%

The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the…

Trump is no threat to U.S. democracy, according to historian Niall Ferguson

Claims that former U.S. President Donald Trump is a threat to the country’s democracy have been weakened by the legacy…

Eighty-eight corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box

WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president…

China should focus on fighting deflationary pressure, former central bank governor says

SHANGHAI — China’s policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People’s Bank of…

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ company

Seven & i Holdings has rejected the takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying the offer “is…