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Hiring slowdown suggests economy still needs rate cuts, Fed’s Powell says
A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said.
Uncertainty over the economy and tariffs forces many retailers to be cautious on holiday hiring
Retailers delay seasonal hiring due to tariffs, economic slowdown, and uncertainty, signaling a smaller U.S. holiday workforce than last year.
Chocolate prices set to remain high this Halloween, report says
U.S. chocolate consumers will face elevated chocolate prices this Halloween period as cocoa costs have risen, according to a report.
McCormick beats quarterly estimates, cuts annual profit view amid tariff woes
McCormick beat expectations for third-quarter sales and profit, aided by resilient demand for its higher-priced spices and seasonings.
Cold shoulder from Canada is costly for American distillers struggling with global trade tensions
American whiskey exports to Canada dropped as trade tensions persist, hurting distillers already facing sales declines in other key markets.
Trump’s powers in spotlight as new Supreme Court term looms
The Supreme Court opens its new term with major cases on Trump’s tariffs, federal official firings, election finance and culture war issues.
Private payrolls post largest drop in 2-1/2 years
U.S. private payrolls dropped by the most in 2-1/2 years in September, the ADP National Employment report showed.
How Walmart plans to prepare America’s largest private workforce for an AI-driven future
Walmart is launching AI skills training, aiming to prepare workers for future jobs while addressing labor shortages and shifting roles.
Economy expanded at surprising 3.8% pace in significant upgrade of Q2 growth
An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported.
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year.
Retail sales up in August even as tariffs hurt jobs and lead to price hikes
Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping.
Supreme Court to quickly consider if Trump has power to impose sweeping tariffs
The Supreme Court granted an unusually quick hearing on President Donald Trump's sweeping tariffs on Tuesday.
