Sep 07 Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China By Associated Press The company aims to achieve $2.3 billion in savings over the next two years. Continue reading
Sep 06 U.S. tourism groups want to win Canadian visitors back. A testy trade war isn't helping By Rio Yamat, Associated Press The bilateral rift has not stopped state and local tourism officials and popular destinations like Graceland from trying to persuade Canadian visitors to return. Continue reading
Sep 05 U.S.-Venezuela oil deal won't reduce domestic gasoline prices anytime soon, experts say By Louis Jacobson, PolitiFact Oil experts told PolitiFact gains for consumers will not materialize any time soon, and would likely take years — long after November’s midterm elections. Continue reading
Sep 04 Watch 5:19 Why the U.S. job market remains resilient in face of global pressures and inflation By Geoff Bennett, Azhar Merchant The job market delivered a surprising rebound in August, adding 162,000 jobs, far more than economists had expected. The unemployment rate held steady at 4.1%, and the Labor Department revised July numbers upward. The stronger-than-expected report comes as the Federal… Continue watching
Sep 04 Trump says skilled foreign workers take jobs away from Americans. It's not that simple, experts say By Hannah Grabenstein Economists have studied the impacts H-1B employees have within individual companies and at the local labor market level and reached similar conclusions about foreign workers' impacts on American jobs. Continue reading
Sep 04 U.S. issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran By Farnoush Amiri, Andrew Wilks, Associated Press The Treasury Department accused the Turkish bank and its entities of being established to enable Iran's efforts to transfer oil revenues from China to Turkey, where they could then be converted to cash and gold. Continue reading
Sep 04 'Toxic, intimidating and humiliating': Ex-labor secretary oversaw hostile work environment, watchdog finds By Jill Colvin, Associated Press A new report from Labor Department’s Office of Inspector General includes allegations that former Secretary Chavez-DeRemer “engaged in an inappropriate relationship” with a member of her security detail, and violated travel regulations and the department’s alcohol policies. Continue reading
Sep 04 Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the U.S. By Paul Wiseman, Associated Press The U.S. job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1%. Continue reading
Sep 03 Fed governor Waller muddies outlook on possible rate hike later this month By Christopher Rugaber, Associated Press Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. Continue reading
Sep 02 Watch 5:07 Prolonged Iran war creating major dent in global economy, Cliff Kupchan says By Geoff Bennett, Dan Sagalyn To discuss the latest flare-up in the war with Iran and the impact on the global economy, Geoff Bennett spoke with Cliff Kupchan. He's chairman emeritus at the consulting company Eurasia Group and senior fellow at the think tank Center… Continue watching