Labor economy
Former Walmart U.S. CEO Bill Simon questions stock drop: ‘It was about as good of a quarter as any retailer could have in any environment’
Fast Money Former Walmart U.S. CEO Bill Simon questions stock drop: ‘It was about as good of a quarter as any retailer could have in any environment’ Published Thu, Aug 21 20257:37 PM EDT Stephanie Landsman@stephlandsman WATCH LIVE Source
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‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]
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Australia’s consumer inflation holds steady in April, rate cuts still in view
Customers purchase produce from stalls at Carriageworks Farmers Market in Sydney, Australia, on Saturday, April 26, 2025. Bloomberg | Bloomberg | Getty Images Australian consumer inflation held steady in April as higher health and holiday costs offset a drop in petrol prices, although the monthly measure tends to be volatile and left hopes for more interest rates […]
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U.S. health department plans to slash 10,000 jobs as RFK Jr. upends agencies
Robert F. Kennedy Jr., US secretary of Health and Human Services (HHS), during a cabinet meeting at the White House in Washington, DC, US, on Monday, March 24, 2025. Samuel Corum | Bloomberg | Getty Images Health and Human Services Secretary Robert F. Kennedy Jr. plans to slash 10,000 full-time employees across different departments, as […]
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Treasury Department is set to lay off a ‘substantial’ number of employees, official says
People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025. Mandel Ngan | AFP | Getty Images The Treasury Department is planning to furlough a “substantial” level of its workforce in conjunction with Elon Musk’s efforts to shrink the size of the federal government, according to a court document. […]
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Roche abandons global diversity targets on concern over U.S. executive orders
Sheldon Cooper | Lightrocket | Getty Images Swiss drugmaker Roche has abandoned global targets for a more diverse workforce to avoid penalties from recent U.S. executive orders, the latest in a slew of companies to do so. Among measures taken, Roche said its Chief Diversity Offices in the U.S. and at its Basel headquarters “will […]
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Operation Hope CEO issues a warning on AI: ‘If you don’t bring people with you, they’ll fight you, or worse’
John Hope Bryant, CEO of nonprofit Operation HOPE, speaks during a panel at CNBC’s CONVERGE LIVE on March 12, 2025. John Hope Bryant, CEO of Operation Hope, warned on Wednesday that the risk of jobs being eliminated by artificial intelligence will disproportionately impact those “at the bottom of the pyramid.” He urged governments to invest […]
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Unions ask court to stop DOGE from accessing Social Security data of millions of Americans
“Close up photograph of Social Security cards against currency background, selective focus.Similar Images:” Richcano | E+ | Getty Images A group of labor unions are asking a federal court for an emergency order to stop Elon Musk ‘s Department of Government Efficiency from accessing the sensitive Social Security data of millions of Americans. The motion for emergency relief was […]
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DOGE layoffs may ‘overwhelm’ unemployment system for federal workers, report finds
Key Points The Trump administration — with the help of the so-called Department of Government Efficiency, known as DOGE, which the president says is headed by Elon Musk — has fired tens of thousands of federal workers. The scale of cuts will likely be flood the Unemployment Compensation for Federal Employees (UCFE) with claims and […]
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Trump lawyer Habba on fired veterans: ‘Perhaps they’re not fit to have a job at this moment’
(L-R) Attorney Alina Habba speaks as US former President and Republican presidential candidate Donald Trump looks on during a press conference at Trump Tower in New York City on September 6, 2024. Charly Triballeau | AFP | Getty Images President Donald Trump’s top lawyer Alina Habba on Tuesday questioned whether some military veterans fired from […]
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