Layoffs across the U.S. fell last month to their lowest level in four years, new labor data shows, a sign the job market remains resilient even as hiring slows. Employers announced 52,881 job cuts in August, down 38% from the 85,979 layoffs announced during the same month a year ago, according to a report from…
Uber is laying off 10% of its global workforce as part of a move to streamline and simplify the ride-sharing company, CEO Dara Khosrowshahi said in an open message to employees published Wednesday on the company’s website. The cuts amount to roughly 3,400 jobs based on Uber’s headcount at the end of last year. The company said…
Revenue from IRS audits plunged 35% in fiscal 2025 as the agency shed thousands of enforcement workers, according to a new report from the Treasury Inspector General for Tax Administration, an agency watchdog. The IRS collected a total of $6.5 billion from audits in fiscal 2025, which ended Sept. 30, down from $10 billion a year earlier,…
The Food and Drug Administration conducted just under 1,000 foreign food safety inspections in 2025, and the farm in Mexico believed to be at the center of the ongoing cyclosporiasis outbreak in the U.S. was not one of them. A federal law enacted to prevent diseased and dirty food from reaching Americans’ plates requires the…
Washington — The Supreme Court just over a month ago expanded presidential power when it struck down removal protections for members of the Federal Trade Commission, clearing the way for the president to fire members of certain independent boards and commissions at-will. But as the high court considered the legality of Congress’ efforts to shield…
The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. The Labor Department also revised down the May…
Layoffs across the U.S. in July fell to their lowest level in two years, new data shows, a sign that the labor market remains resilient despite the impact of inflation driven by the Iran war and artificial intelligence. Employers announced 33,429 job cuts in July, down 46% from a year ago, according to outplacement firm…
The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
Voters are going to the polls in five states, including Michigan, where Democrats are watching the expensive and contentious Senate primary contest between populist Abdul El-Sayed and moderate Rep. Haley Stevens. They’re running for retiring Democratic Sen. Gary Peters’ seat, which is among a handful that Democrats must hold in order to have any chance…
A Senate committee on Thursday advanced Dr. Erica Schwartz’s nomination to be director of the nation’s top public health agency, setting aside concerns that she will not stand up to political meddling. If confirmed by the full Senate, the 54-year-old would become the 22nd director of the Atlanta-based Centers for Disease Control and Prevention, which…
