Associated Press
Hollywood writers, slamming 'gig economy,' to go on strike
The Writers Guild of America said that its 11,500 unionized screenwriters will head to the picket lines Tuesday
IMF: Prolonged high inflation dims outlook for world economy
The IMF now envisions growth this year of 2.8%, down from 3.4% in 2022
Amazon to lay off 9,000 employees on top of 18,000 in January
Amazon employed about 10,000 workers in B.C. as of last year
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...