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Fed expected to cut interest rate again Wednesday
The Federal Reserve is expected to cut its key rate Wednesday, likely followed by another in December to support U.S. hiring.
UPS cuts 48,000 jobs in the year to date as its turnaround continues
UPS cut about 34,000 jobs and closed 93 facilities this year as part of its cost-cutting turnaround and restructuring plan.
US home sales accelerated in September to their fastest pace since February as mortgage rates eased
Existing U.S. home sales rose 1.5% in September as lower mortgage rates and more listings boosted buyer activity.
Boeing defense workers reject offer, extend strike
Boeing defense machinists in Illinois and Missouri rejected a new contract offer, extending a nearly three-month strike.
Government shutdown continues to add to stress on air traffic controllers and disrupt flights
Flight delays spiked nationwide as the government shutdown forces unpaid air traffic controllers to work under mounting stress.
Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster
Target will lay off 1,800 corporate employees, mostly in Minneapolis, as the retailer streamlines operations before a CEO transition.
US inflation stays elevated but prices rose less than feared last month
U.S. inflation hit 3% in September, led by higher gas and beef prices, as tariffs and rent costs shaped a mixed economic outlook.
New York Attorney General Letitia James pleads not guilty in mortgage fraud case pushed by Trump
New York AG Letitia James faces mortgage fraud charges in Norfolk, Virginia, amid claims of political retaliation by Trump officials.
Boeing union sets October 26 vote on contract offer for 3,200 striking workers
Over 3,200 striking Boeing defense workers will vote Oct. 26 on a modified contract after 80 days on strike in St. Louis.
Trump says he’s ending trade talks with Canada over TV ads
President Trump said he’s halting all trade talks with Canada, accusing it of using a “fake” Reagan ad to influence U.S. courts.
Trump pardons Binance founder Changpeng Zhao
President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao, who served time for failing to prevent illegal crypto activity.
Shutdown fight renews debate over health subsidies
As the government shutdown drags on, Democrats and Republicans clash over extending Affordable Care Act tax credits.
