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Farmers welcome China soybean deal but remain cautious
OMAHA, Neb. (AP) — American farmers welcomed China’s promise to buy some of their soybeans, but they cautioned this won’t solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds. The Chinese promise to buy at least 25 million metric tons of soybeans[...]
China delays rare earth export limits in trade deal
China’s one-year delay on rare earth export rules gives the U.S. and allies time to boost production and reduce reliance on Beijing.
Fed cuts key rate again to support slowing economy
The Federal Reserve lowered its key rate to 3.9%, its second cut this year, aiming to boost hiring as inflation remains elevated.
Paramount to cut 2,000 jobs after Skydance merger
General Motors is cutting about 1,700 jobs in Michigan and Ohio as slower EV demand and regulatory shifts reshape production plans.
GM to lay off 1,700 workers amid slowing EV demand
General Motors is cutting about 1,700 jobs in Michigan and Ohio as slower EV demand and regulatory shifts reshape production plans.
Judge blocks Trump administration’s shutdown firings
A federal judge halted Trump administration plans to fire federal employees during the shutdown, saying the cuts were likely illegal.
Texas lawsuit against companies behind Tylenol asserts unproven claims of autism risk
Texas Attorney General Ken Paxton on Tuesday accused the companies behind Tylenol of deceptively marketing the pain reliever to pregnant mothers in a lawsuit that asserted unproven claims that early exposure to acetaminophen increased risk of autism and other disorders. Paxton, an ally of President Donald Trump and a Republica[...]
OpenAI may move forward with new business structure, partnership with Microsoft, regulator says
OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation and a crucial regulator, the Delaware attorney general, said she approved the plan. The restructuring paves the way for the ChatGPT maker to more easily profit off its artificial intelligence technology eve[...]
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.
