Yellen says U.S. economy remains solid, on path to ‘soft landing’ with no meaningful layoffs
Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string…
U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says
The U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic — at…
37% of Americans paid a late fee in the last 12 months, report finds
Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been…
Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony…
Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall…
Layoffs rise to the highest for any February since 2009, Challenger says
Layoff announcements in February hit their highest level for the month since the global financial crisis, according to outplacement firm…
January hiring was the lowest for the month on record as layoffs surged
Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor…
Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring
Levi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel…
Pro-DeSantis super PAC lays off staff after second-place finish in Iowa
A super political action committee supporting Ron DeSantis in the Republican presidential primary is laying off staff as it shifts…
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and…
