US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Layoffs increased by nearly 50% in May compared with last year, as DOGE was cited as the leading cause of 284,044 job cuts in 2025 so far, representing about 40% of cuts.
Procter & Gamble slashing up to 7,000 jobs amid restructuring effort
Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.
Judge temporarily stops Trump admin moves to close Job Corps centers across nation
A federal judge blocked the Trump administration from closing Job Corps centers after the Department of Labor announced plans to end the program.
Citi's Stuart Kaiser warns of 'uncharted territory' in the bond market
Citi head of equity trading strategy Stuart Kaiser discusses the CBO's analysis of the Trump tariffs in addition to his outlook for bond yields, economic growth and the May jobs report.
Private sector added just 37,000 jobs in May, lowest in over 2 years, ADP says
The figure reported on Wednesday is well below economists’ estimates of 110,000 jobs and also down from the prior month’s revised reading of 60,000 jobs.
American manufacturing needs labor reform, not tariffs
The U.S. faces job losses as outdated labor policies clash with aggressive tariff use, highlighting the need for reform to sustain manufacturing growth.
Disney cuts hundreds of TV and film jobs amid streaming expansion
Disney's strategic layoffs aim to streamline operations while boosting creativity, as the company advances its direct-to-consumer streaming service ESPN.
Trump pushes ‘big, beautiful bill,’ touts economic successes at Pennsylvania steel workers speech
Speaking at a U.S. Steel plant in Pennsylvania, President Donald Trump touted his administration’s economic successes and promoted the “big, beautiful" budget bill.
Popular home decor retailer prepares to file for bankruptcy: report
At Home Group Inc. is reportedly set to file for Chapter 11 bankruptcy amid liquidity issues and tariff pressures, seeking new suppliers to mitigate financial challenges.
US weekly jobless claims rise more than expected as labor market eases
Weekly jobless claims in the U.S. increased more than expected in May to a seasonally adjusted 240,000 for the week ended May 24, according to the Labor Department.
Mike Rowe reveals how he'd spend Trump's proposed $3B trade school windfall
Mike Rowe proposes redirecting federal grants from Harvard to trade schools, highlighting the need for skilled trades and addressing the skills gap in America.
Crafts retailer to close all remaining stores this week
Joann's 80-plus year run will come to an end as the rest of the bankrupt crafts retailer's stores are slated to shutter permanently at the end of the month.
GM to pour $888M into building new V-8 engine in New York
General Motors is investing heavily into a New York plant that will produce its next generation of V-8 engines that will go into trucks and SUVs.
Volvo to cut 3,000 jobs amid Trump tariff fight
Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in Europe and China.
UK to spend $4 billion on job training to curb reliance on migrant workers
Britain will spend a record $4 billion to increase training opportunities as part of an effort to train locals and reduce reliance on foreign workers.
McDonald's extending hours at most US locations this summer amid hiring surge
McDonald's is extending its operating hours at most U.S. locations starting this summer, as the company plans to add more than 300,000 workers.
Trump touts 'partnership' in steel deal with Nippon: 'US Steel will REMAIN in America'
President Trump announced U.S. Steel will “REMAIN in America" through a new partnership with Japan's Nippon Steel, preserving jobs and boosting U.S. manufacturing.
Walmart to cut about 1,500 corporate jobs
Walmart, the nation's largest private employer, is cutting about 1,500 jobs as it tries to cut overhead costs and streamline operations as economic pressures weigh.
Regeneron Pharmaceuticals to buy bankrupt 23andMe in $256M deal
Genetic testing company 23andMe filed for Chapter 11 bankruptcy protection in March. Regeneron Pharmaceuticals announced it would buy "substantially all" of 23andMe's assets.
Here are the best cities to start a career
Atlanta, Orlando and Tampa are among the top cities to start a career, according to a recent report that ranked 182 cities in the U.S. using more than two dozen metrics.