Associated Press

A surprising burst of US hiring in January: 517,000 jobs

WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades. The job market hasn't been...

Mystery balloon discovery over Montana cancels US China trip

WASHINGTON (AP) — Secretary of State Antony Blinken has postponed a planned high-stakes weekend diplomatic trip to China as the Biden administration weighs a broader response to the discovery of a...

Amazon beats Q4 revenue estimates, but profits slump

NEW York (AP) — Amazon on Thursday reported worse-than-expected profits, but its revenue beat expectations boosted by sales in North America businesses and the cloud-computing unit AWS. Amazon said...

After Tesla price cut, Ford follows suit with Mustang Mach-E

DETROIT (AP) — Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps. The Detroit automaker is increasing production...

December US home sales fall, capping nearly 18% drop in 2022

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped nearly 18% in 2022, the slowest year for the housing market in nearly a decade. The National Association of Realtors said Friday...

Tech industry job cuts come rapidly and in big numbers

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for...

Microsoft cuts 10,000 jobs, about 5% of global workforce

Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to “macroeconomic conditions and changing customer priorities.” The company said in a regulatory filing Wednesday that...

December retail sales fall 1.1% as inflation takes a toll

NEW YORK (AP) — Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity...

Tesla cuts vehicle prices in bid to boost flagging demand

DETROIT (AP) — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for...

Flight disruptions cascade across US after computer outage

NEW YORK (AP) — Thousands of flight delays and cancellations rippled across the U.S. early Wednesday after computer outage led to a grounding order for all departing aircraft by the Federal Aviation...