Economy News

Global Finance & Economic Policies

Track global economic trends, policy decisions, financial markets, and international trade developments that shape the world economy.

Uber to cut thousands of jobs in sweeping restructuring effort

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 ...

Sep 2 6 views

Private sector added 38,000 jobs in August, below expectations, ADP says

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 d...

Sep 2 18 views

Weight-loss supplement recalled after FDA finds undeclared toxic substance

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. issue...

Sep 2 14 views

Lowe's launches major effort to help close America's skilled trades gap

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 d...

Sep 1 8 views

Bessent urges G20 to 'get back to the basics' with deregulation and growth-first agenda

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 ...

Aug 31 27 views

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 ...

Aug 31 6 views

Retirees are pouring into this coastal getaway – and it's feeling the strain

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 r...

Aug 29 8 views

What Warsh's Jackson Hole speech signals about where interest rates are headed

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 h...

Aug 28 5 views

New report warns AI data center boom squeezes memory-chip supply, could raise everyday tech costs

FIRST ON FOX: A new policy report warns that the AI data center boom could drive up the cost of laptops, smartphones, cars and other everyday products as chipmakers shift scarce memory-chip capacity t...

Aug 28 8 views

Warsh says Fed's main focus should be on prices, as central bank's rate policy in focus

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 ...

Aug 28 8 views

Warsh says Fed's main focus should be on prices with central bank's rate policy in focus

Aug 28 6 views

Atlanta woman who ripped off Amazon for nearly $10M to buy luxury sports cars learns sentence

An Atlanta woman who participated in a scheme that defrauded Amazon out of nearly $10 million was sentenced to over 16 years in federal prison on Wednesday, the Justice Department announced.The U.S. A...

Aug 27 7 views