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Uber to cut 3,300 jobs in push to streamline operations
Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday. The ride-hailing giant’s CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management…
Treasury bond yields hover near multi-year highs on inflation fears
Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a selloff amid concerns over energy prices keeping inflation elevated as well as government debt burdens. The yield on the benchmark 10-year Treasury…
ADP report August 2026: Private sector adds 38,000 jobs
Companies in the private sector added 38,000 jobs in August, payroll processing firm ADP said in its latest report on Wednesday. The figure is below economists’ estimates of a gain of 48,000 jobs and down from the prior month’s revised 46,000 payrolls…
Nationwide recall issued for fat burner tainted with toxic chemical
A weight loss supplement has been recalled over two undeclared ingredients, including a toxic substance commonly used as a pesticide and herbicide. Florida-based Ana Salazar Modela Tu Cuerpo Inc. issued a nationwide recall for Lipofit Extreme Fat Burner 2.0…
John Ternus takes over as Apple CEO after Tim Cook’s 15-year run
Apple CEO John Ternus marked his first day in the top job at the tech giant on Tuesday, with the company embarking on a new era after former CEO Tim Cook stepped down from the role after 15 years. Cook, who will remain with Apple as the company’s executive…
Lowe’s coalition targets 1 million skilled trades workers by 2035
Lowe’s announced a new partnership on Tuesday with dozens of companies that aims to address America’s shortage of skilled workers by helping to train and develop 1 million tradespeople over the next decade. The Lowe’s Foundation is partnering with Nvidia…
Bessent calls on global financial leaders to refocus on driving ‘stronger and more durable growth’
ASHEVILLE, N.C. – Treasury Secretary Scott Bessent delivered a firm call to action to global financial leaders in his opening remarks at the G20 Finance Track meetings on Monday, urging the group to refocus on driving “stronger and more durable growth” by…
Tim Cook steps down as Apple CEO after 15 years, names a successor
Apple CEO Tim Cook is stepping down from his role at the helm of one of the world’s largest tech companies after a 15-year tenure that saw Apple become the first publicly traded U.S. company with a $1 trillion market cap and other notable milestones. He…
Fuel supplier sues distributor for nearly $4M over gas allegedly sold at Trump-promoted Freedom Fuel stations
A fuel supplier is suing a New Jersey distributor and its president, alleging they failed to pay for gasoline that was later sold through stations in the Trump-promoted Freedom Fuel Network. Mansfield Oil Company filed the lawsuit against KRSM Inc. and its…
Delaware beach towns see influx of retirees, creating new challenges
Beach towns in Delaware are attracting a growing number of retirees as the region emerges as an alternative destination to more prominent locations like Arizona and Florida, and it’s straining local resources. A new report by Bloomberg notes retirees are…
Kevin Warsh outlines hawkish PCE inflation stance at Jackson Hole
Federal Reserve Chair Kevin Warsh on Friday delivered his first keynote address at the annual Jackson Hole Symposium on monetary policy, outlining his views of the economy and his perspective on why he thinks the central bank’s forward guidance should be…
Fed’s Warsh delivers first Jackson Hole keynote amid economic uncertainty
Federal Reserve Chair Kevin Warsh on Friday delivered his first keynote at the annual monetary policy conference in Jackson Hole, Wyoming, against a backdrop of uncertainty over inflation, as well as how he will guide policymakers as they consider interest…