TOKYO (AP) — Global shares mostly rose Wednesday, echoing record rallies on Wall Street after the latest update on the job market bolstered hopes the U.S. Federal Reserve will cut interest rates. France’s CAC 40 rose 0.8 in early trading to 7,809.80. Germany’s DAX edged up 0.6% to 23,856.74. Britain’s FTSE 100 rose 0.2% to…
WASHINGTON (AP) — The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation’s economy. Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. The department issues the so-called benchmark revisions every…
SEOUL, South Korea (AP) — South Korea’s foreign minister departed for the U.S. on Monday to finalize steps for the return of several hundred South Korean workers detained in a massive immigration raid in Georgia, a spectacle that has caused confusion, shock and a sense of betrayal among many in the U.S.-allied nation. The Sept….
WASHINGTON (AP) — In firing the head of the agency that produces monthly jobs figures, President Donald Trump alleged that the recent weaker-than-expected numbers were phony and that positive numbers reported before the 2024 election were manipulated to make him look bad. It’s a familiar cadence Trump has adopted in reacting to jobs reports: He…
LOUISVILLE, Ky. — GE Appliances announced a nearly half-billion-dollar project Thursday that it says will create 800 new jobs and shift production of clothes washers from China to its massive manufacturing complex in Kentucky. The $490 million investment positions the Kentucky home appliances company to rank as the biggest U.S. manufacturer of washing machines, it…
WASHINGTON (AP) — As President Donald Trump and billionaire Elon Musk work to overhaul the federal government, they’re forcing out thousands of workers with insider knowledge and connections who now need a job. For Russia, China and other adversaries, the upheaval in Washington as Musk’s Department of Government Efficiency guts government agencies presents an unprecedented…
WASHINGTON (AP) — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. The labor market remains healthy with a 4.1% unemployment rate and 151,000 jobs added in February, and Trump likes to point to…
NEW YORK (AP) — More losses are hitting Wall Street at the close of a brutal week, and U.S. stocks have erased earlier gains to fall after a nervously anticipated economic report came in close to expectations. The S&P 500 was down 1% in midday trading after erasing an early gain of 0.6%. It’s coming…
NEW YORK (AP) — Key U.S. agencies, including the FBI and State Department, have instructed their employees not to comply with cost-cutting chief Elon Musk’s demand that federal workers explain what they accomplished last week — or risk losing their jobs. That resistance has intensified a pervasive sense of chaos and confusion, while highlighting a…
WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. “People can be confident that we’ll continue to keep our heads down, do our work, and make our decisions based on what’s happening in the economy,” Powell…