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Amazon boosts worker pay, cuts health plan costs
Amazon is investing $1B to raise U.S. worker wages and lower health plan costs, lifting average pay to $23 an hour and reducing co-pays to $5.
Federal Reserve cuts key rate for first time this year
WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and it lowered its short-term rate [&helli[...]
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Retail sales rose 0.6% in August, boosted by back-to-school shopping, despite tariffs beginning to raise prices and pressure the job market.
New York judge tosses terrorism charges against Luigi Mangione, lets murder count stand
A New York judge dismissed terrorism charges against Luigi Mangione in the killing of UnitedHealthcare CEO Brian Thompson but kept murder charges.
Shipping companies support a first-ever global fee on greenhouse gases, opposed by Trump officials
Nearly 200 shipping companies urge nations to back the IMO’s first global fee on greenhouse gas emissions, despite U.S. opposition.
U.S., China reach framework deal on TikTok ownership
The U.S. and China reached a framework deal to shift TikTok to U.S. ownership, with Trump and Xi set to discuss final terms Friday.
Nvidia violated antimonopoly laws, China says
OpenAI announced a new deal with Microsoft and plans to give its nonprofit controller a $100B equity stake in its for-profit arm.
OpenAI reaches new agreement with Microsoft to change its corporate structure
OpenAI announced a new deal with Microsoft and plans to give its nonprofit controller a $100B equity stake in its for-profit arm.
Boeing workers reject their latest contract offer, extending strike at three Midwest plants
Boeing workers rejected a second contract offer, extending a six-week strike at three Midwest plants. No new talks are scheduled.
Trump administration requests emergency ruling to remove Cook from Fed board
WASHINGTON (AP) — The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. The request represents an extraordinary effort by the White House to shape the board before the Fed’s inte[...]
The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years
WASHINGTON (AP) — U.S. jobless claim applications jumped to their highest level in almost four years last week, the latest sign that the labor market is softening. The number of Americans filing for unemployment benefits for the week ending Sept. 6 rose 27,000 to 263,000, the Labor Department reported Thursday. That’s th[...]
Korean workers detained in immigration raid bound for Atlanta and flight back home
ATLANTA (AP) — More than 300 South Korean workers detained in an immigration raid at a Georgia battery plant last week headed to Atlanta on Thursday and a flight home. South Korea’s Foreign Ministry confirmed they were due arrive in South Korea late Friday afternoon. The developments came the same day South Korean Pres[...]
