Economy
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Trump Media’s stock price jumps, adding about $2 billion to Trump’s stake in company: Report
The 2024 GOP presidential nominee's stake in the company, 115-million-shares, is currently worth more than $3 billion, according to a report from the New York Times.
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Harris floats forgivable $20K loans to black entrepreneurs
The plan would see her offer up to 1 million loans of up to $20,000 through government partnerships with private lenders, CNBC reported.
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Walgreens planning to close 1,200 stores over next 3 years
The company has been struggling as a result of online competition and decreasing prescription drug payments.
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Tom Donohue, longtime CEO of U.S. Chamber of Commerce, dies at 86
Donohue was the leader of the U.S. Chamber of Commerce for more than 20 years.
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Boeing to cut 17,000 jobs over the coming months, reducing workforce by 10%
The workforce reduction is expected to equal a loss of 17,000 jobs, based on the company's workforce numbers last December. Other changes include delaying the 777X program until 2026, and ending the 767 freighter program in 2027.
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Jobless claims highest since August 2023, new data shows
Filings for unemployment benefits went up to 258,000 for the week ending Oct. 5, which represents the most claims since Aug. 5, 2023, the Bureau of Labor Statistics reported.
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New rule could cost small businesses $73.1B over 10 years
NFIB is seeking to stop the reporting requirements in the Corporate Transparency Act from implementation on Jan. 1.
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Trump campaign knocks Harris economy as unemployment remains above 4%
In August of this year, the federal government revised its jobs growth numbers, slashing more than 800,000 jobs from its figures from April 2023 to March 2024.
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You Vote: How concerned are you about the port strike?
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Former RNC political director creates tool for voters to see cost of living changes over the years
"Survey after survey after survey shows that swing voters in swing states care about household affordability," Gentry Collins said.
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Biden infrastructure law gave billions to upgrade ports, now striking unions want to stop automation
The discrepancy between the priorities of Biden’s infrastructure spending and his support for the labor union leading the strikes raises concerns about the benefits of pouring money into infrastructure while real upgrades are being blocked by union allies.
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US economy added 254,000 jobs in September, Labor Department
The Dow Jones consensus forecast for additional non-farm jobs was 150,000, CNBC reports.
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CVS to lay off almost 3,000 employees in effort to reduce costs
"The reductions will not impact front-line jobs in our stores, pharmacies and distribution centers," CVS told CBS.