Business

Matteo Colombo/Getty Images (NEW YORK) — Stocks plummeted on Monday as markets worldwide reckoned with a disappointing jobs report last week that fueled concern of a possible recession. The major stock indexes in the U.S. fell more than 2% in early trading. The S&P 500 fell about 4%, while the tech-heavy Nasdaq dropped more than […]

Matteo Colombo/Getty Images (NEW YORK) — Stock futures plummeted on Monday as markets reckoned with a disappointing jobs report last week that fueled concern of a possible recession. Each of the major stock indexes fell more than 2% in pre-market trading on Monday. The tech-heavy Nasdaq dropped nearly 6%. The market downturn triggered calls for […]

(NEW YORK) — The major stock indexes dropped significantly on Friday after a weaker-than-expected jobs report stoked worries of a possible recession. In early trading, the S&P 500 was on pace for its worst trading day in about two years. The Dow Jones Industrial Average had fallen nearly 800 points, or about 2%. The tech-heavy […]

(NEW YORK) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well short of economist expectations of 185,000 jobs, U.S. Bureau of Labor Statistics data showed. The unemployment rate climbed to 4.3%, the highest level since […]

(WASHINGTON) — Former President Donald Trump this week voiced an alarming claim about the alleged threat that immigrants pose to Black workers. “Coming from the border are millions and millions of people who happen to be taking Black jobs,” Trump said at a gathering of the National Association of Black Journalists in Chicago. “They’re taking […]

(WASHINGTON) — A weaker-than-expected jobs report on Friday fueled concern about a potential economic recession and calls for an interest rate cut. Employers hired 114,000 workers last month, falling well short of economist expectations of 185,000 jobs, U.S. Bureau of Labor Statistics data showed. The unemployment rate climbed to 4.3%, the highest level since October […]

(NEW YORK) — Less than a week after Elon Musk publicly endorsed the candidacy of former President Donald Trump, he shared an edited video of Vice President Kamala Harris that used artificial intelligence to mimic her voice. Musk, the wealthiest person in the world, spread the video on his social media platform X, where he […]

(NEW YORK) — Spirit Airlines is shifting gears from its famously no-frills service to offer new fare options that include premium seats, carry-on baggage, Wi-Fi and even snacks. The ultra-low-cost Florida-based carrier announced “a significant transformation” to its pricing structure on Tuesday with new ticketing bundles and more perks for passengers. “We’re unveiling a new […]

(WASHINGTON) — The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest rate cut is widely expected in the coming months. The Fed issued its latest interest rate decision after a months-long stretch of data […]

(NEW YORK) — Boar’s Head has expanded its previous recall on several types of deli meats to include an additional 7 million pounds of ready-to-eat meat and poultry products that may be contaminated with listeria. The U.S. Department of Agriculture’s Food Safety and Inspection Service announced an update on Wednesday that Boar’s Head Provisions Co. […]