Business News
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Microsoft is laying off 4,800 workers: 'AI is changing how work gets done'
A logo sits outside the Microsoft pavilion during the second day of the Mobile World Congress 2015 at the Fira Gran Via complex on March 3, 2015 in Barcelona, Spain. (David Ramos/Getty Images)(NEW YORK) -- Microsoft said on Monday it will lay off 4,800 employees and that the job cuts...Read more -
Mortgage rates fall to lowest level since May
Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port June 22, 2026, in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas. (Elke Scholiers/Getty Images)(NEW YORK) -- Mortgage rates have dropped to their lowest level since May as negotiations between the United States and...Read more -
Hiring worse than expected in June amid elevated inflation
HR recruitment manager holding resume in hands while having an interview in a modern office. (Xavier Lorenzo/Getty Images)(NEW YORK) -- Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran war.The U.S. added 57,000 jobs in...Read more -
What to know about the Social Security fix proposed by Sens. Elizabeth Warren and Bernie Moreno
Ranking member Sen. Elizabeth Warren (D-MA) delivers an opening statement during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. (Photo...Read more -
'Revolution': Fed Chair Kevin Warsh says US likely 'big winner' in AI race
Businessman typing on laptop computer keyboard at desk in office. (tadamichi/Getty Images)(NEW YORK) -- Federal Reserve Chair Kevin Warsh on Wednesday voiced optimism about artificial intelligence, describing the technology as a "paradigm shift" that would likely make the United States a "big winner in the medium-term.""We are in the first...Read more -
How Mamdani-aligned House candidates say they plan to fight wealth inequality
New York City Mayor Zohran Mamdani and NYC Congressional candidate Claire Valdez embrace during a primary-night watch party, June 23, 2026, in Brooklyn. (Michael M. Santiago/Getty Images)(NEW YORK) -- A trio of progressive Democrats sharply criticized billionaires on their way to victory in House primaries in New York City.The clean...Read more -
Global oil prices fall to lowest level since before the Iran War
A cargo ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. (Majid Saeedi/Getty Images)(NEW YORK) -- Global oil prices on Wednesday fell to their lowest level since before the outbreak of the Iran war.Brent crude futures, the benchmark index for worldwide trading, dropped to...Read more -
Alan Greenspan, longtime chairman of the Federal Reserve, dies at 100
In this June 27, 2016 file photo Alan Greenspan, former chairman of the Federal Reserve and president and founder of Greenspan Associates, speaks during a Bloomberg Television interview in Washington, D.C. (Andrew Harrer/Bloomberg via Getty Images, FILE)(NEW YORK) -- Alan Greenspan, the longtime chairman of the Federal Reserve, has died,...Read more -
Fed set to make interest rate decision as inflation hits 3-year hig
Kevin Warsh, Chair of the Federal Reserve, on April 21, 2026 in Washington, DC. (Photo by Andrew Harnik/Getty Images)v(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years.The announcement will mark the...Read more -
Oil prices fall to lowest level since March after US announces Iran deal
A pumpjack stands idle in the Huntington Beach oil field on April 23, 2026 in Huntington Beach, California. (Mario Tama/Getty Images)(NEW YORK) -- Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.West Texas Intermediate futures price, the...Read more -
Consumer sentiment improves but stays near all-time low, survey shows
Fuel prices are displayed at a gas station on June 09, 2026 in Chicago, Illinois. (Scott Olson/Getty Images)(NEW YORK) -- Consumer sentiment improved in June for the first time since the outbreak of the Iran war as gasoline prices eased in recent weeks, but shopper attitudes remained near their worst level on...Read more -
SpaceX IPO could make Elon Musk the first-ever trillionaire
Elon Musk is photographed at Space X in Brownsville, Texas, May 27, 2025. (Marvin Joseph/The Washington Post via Getty Images)(NEW YORK) -- Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when SpaceX goes public on Friday.The company's founder and CEO is set to own roughly four out...Read more -
Inflation hits highest level since 2023, as the Iran war pushes up prices
A customer shops for produce at an H-E-B grocery store on May 11, 2026 in Austin, Texas. (Brandon Bell/Getty Images)(NEW YORK) -- Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years. The reading matched...Read more -
Air Canada pilot arrested for flying without proper license
An Air Canada plane is seen at Pearson International Airport on August 14, 2025 in Toronto, Canada. (Cole Burston/Getty Images)(TORONTO) -- An Air Canada pilot was arrested Monday after a probe discovered he had been allegedly flying hundreds of flights for at least 17 years without a proper license.Canadian police...Read more -
OpenAI, company behind ChatGPT, files for IPO
In this Nov. 16, 2023, file photo, OpenAI CEO Sam Altman looks on during the APEC CEO Summit at Moscone West in San Francisco. (Justin Sullivan/Getty Images, FILE)(NEW YORK) -- OpenAI, the artificial-intelligence company behind ChatGPT, announced Monday night it had filed confidentially for an initial public offering (IPO), setting...Read more