Economy

The Danish pharmaceutical company will reduce its 78,400-person workforce by approximately 9,000 positions to streamline operations and reinvest in diabetes and obesity drugs.

Trump has challenged a court ruling protecting Lisa Cook's Fed position as the Justice Department opens a criminal probe into mortgage application fraud.

Albertsons announces closure of 12 Safeway locations in three states by early November following the merger of two divisions into the new Mountain West Division.

The Bureau of Labor Statistics overestimated job numbers by 911,000 in Biden's final year and 3 million jobs over three years, raising concerns about data accuracy.

Trump administration unveils new SAVE initiative allowing federal workers to earn rewards for suggesting ways to reduce wasteful government contract spending.

UAW condemns Hyundai for poor worker safety record following immigration raid at Georgia electric car battery factory that detained 475 people.

A federal judge on Tuesday blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook, allowing her to continue in her current role for the time being.

Building material costs have risen sharply over six years, with tariffs on steel and lumber adding pressure to homebuilding expenses and construction timelines.

Trump officials called the Bureau of Labor Statistics "broken" after the largest downward jobs revision on record and demanded Federal Reserve rate cuts.

The Bureau of Labor Statistics' preliminary benchmark revision showed the U.S. economy added 911,000 fewer jobs than previously reported from April 2024 to March 2025.

The Senate Banking Committee votes Wednesday on Stephen Miran's nomination to the Federal Reserve Board of Governors, with full Senate consideration next.

Data from the New York Federal Reserve showed Americans' confidence in finding new jobs hit a record low of 44.9% in August, the lowest since tracking began in 2013.