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Economy

Stay informed with the latest updates on global and local economies, covering growth trends, market shifts, and policies that shape financial landscapes.

Amazon to cut around 14K corporate jobs

  • October 28, 2025
  • 1:43 AM

Amazon will eliminate 14,000 corporate positions through internal restructuring, joining over 200 tech companies that cut 98,000 jobs this year.

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Amazon to cut nearly 30K corporate jobs in largest layoff in company history: report

  • October 28, 2025
  • 1:43 AM

The biggest corporate layoff in Amazon’s history will reportedly eliminate 30,000 jobs across multiple divisions as part of a major restructuring effort.

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The Fed 5: Bessent’s short list for Powell’s job

  • October 27, 2025
  • 7:03 PM

Federal Reserve Chair Jerome Powell's term ends in May 2026, but that isn't stopping Treasury Secretary Scott Bessent from moving ahead with finding his replacement.

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Federal Reserve faces dilemma amid expected rate cut decision

  • October 27, 2025
  • 12:00 PM

The Federal Reserve is expected to cut interest rates 25-basis-points at its meeting this week, though elevated inflation has created a dilemma for policymakers.

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Social Security COLA for 2026 revealed following shutdown-related delay

  • October 24, 2025
  • 1:01 PM

The Social Security Administration revealed its annual cost-of-living adjustment (COLA) for 2026, which is going to boost benefits by 2.8% next year to account for inflation.

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Inflation remained well above the Fed’s target in September ahead of rate cut decision

  • October 24, 2025
  • 12:33 PM

Inflation remained elevated in September as the BLS released the delayed consumer price index inflation report, as Fed policymakers are set to weigh interest rate cuts next week.

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Here’s a look at the most notorious insider trading scandals that rocked Wall Street and beyond

  • October 24, 2025
  • 11:00 AM

Recent arrests of NBA figures Chauncey Billups and Terry Rozier in gambling probes echo insider trading cases involving corporate executives.

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Mortgage rates drop to lowest level in over a year as buyers regain leverage

  • October 23, 2025
  • 8:47 PM

The average rate on the 30-year fixed mortgage fell this week to 6.19%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.27%.

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Oil prices surge as Trump hits Russian energy giants with sweeping new sanctions

  • October 23, 2025
  • 4:32 PM

Brent crude and West Texas Intermediate futures jumped 5% following new U.S. sanctions on Russia's largest oil producers to curb Russia's ability to fund its war in Ukraine.

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Trump admin eyes Argentine beef imports as domestic prices soar to record highs

  • October 22, 2025
  • 5:36 PM

Agriculture Secretary Brooke Rollins says beef imports from Argentina could help supply shortages in the U.S., which has contributed to higher prices for American consumers.

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