Paramount Global to lay off 15% of its US workforce
Paramount Global will cut approximately 15% of its U.S.-based workforce in upcoming layoffs, co-CEO Chris McCarthy disclosed in an earnings call on Thursday.
America's fiscal situation is 'really dire': Maya MacGuineas
Committee for a Responsible Federal Budget President Maya MacGuineas weighs the best fiscal policy to mitigate U.S. debt and economic volatility, and compares Trump's and Harris' platforms, respectively.
Jobless claims rise less than expected to 233,000
The Labor Department on Thursday released new data about unemployment claims amid heightened concerns that the U.S. economy is headed for a recession.
Middle America has been in recession 'a long time' and Wall Street 'ignored' it: Stephanie Pomboy
Macromavens President Stephanie Pomboy breaks down whether Americans are technically experiencing a recession, key economic data and the labor market.
After a pay boom, raises are shrinking
With hiring now slowing sharply, employers are controlling payroll costs by cutting or freezing bonuses, doling out fewer and smaller merit increases.
Axios eliminating roughly 50 positions because of 'tectonic shifts in the media' industry
Axios informed staffers on Tuesday that 50 people across the company would be laid off because of "tectonic shifts" in the American media industry.
Charles Payne: Biden-Harris ignored the cautionary tale of SunPower
'Making Money' host Charles Payne explains what economic forces drove SunPower Corporation to file for bankruptcy.
Italian restaurant chain files for Chapter 11 bankruptcy
Buca di Beppo filed for Chapter 11 bankruptcy in a Texas court on Monday, the family-style Italian restaurant chain announced. It has plans for a restructuring.
Recession fears, market sell-off raise odds of a bigger Fed rate cut
A growing number of investors are betting that the Federal Reserve will make a super-sized interest rate cut when policymakers next meet in mid-September.
Kamala Harris is really bad for investment: Stephen Moore
Economist Stephen Moore discusses whether the market selloff is the start of a recession or just a blip on the radar on 'Varney & Co.'
Fed's Goolsbee says central bank will 'fix' the US economy if it deteriorates
Chicago Federal Reserve President Austan Goolsbee said on Monday that central bank policymakers will "fix" the U.S. economy if it starts to deteriorate.
Stocks tumble as weak economic data stokes hard landing and recession fears in investors
Andy Puzder and Steve Moore react to the lower than expected July jobs report on 'Maria Bartiromo's Wall Street.'
Intel shares sink with 15% of workforce getting axed, suspends dividend
Intel CEO says he misjudged the boom that has created a windfall for chipmakers such as Nvidia, that are leading the AI race for next generation technology.
Dow, S&P 500, Nasdaq have worst session since 2022
U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July jobs report released Friday.
Fed is feeling remorse for not cutting rates in July: Diane Swonk
KPMG chief economist Diane Swonk discusses whether the U.S. economy is headed for recession on 'Making Money.'
Which industries hired the most workers in July?
The U.S. economy added 114,000 jobs in July, less than expected, as sectors like manufacturing, information and financial activities pulled back on hiring.
Jumping in with 'both feet' to buy stocks is 'not prudent whatsoever': Lou Basenese
MDB Capital President Lou Basenese analyzes the market sell off, cryptocurrency futures and advises: 'don't panic.'
Human impact will weigh on Fed members, says Heather Long
Washington Post editorial writer & columnist Heather Long discusses the Federal Reserve's management of rate cuts and the impact of the July jobs report.
The July jobs report just triggered a reliable recession indicator
The July jobs report triggered the "Sahm rule," which is closely monitored by Wall Street, because it has been a historically accurate recession indicator.
California fast-food workers demanding more pay
Fast-food workers in California are fighting for another wage increase just a few months after the state implemented a controversial law to boost minimum wages from $16 to $20.