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Business

Layoffs are piling up, raising worker anxiety

NEW YORK (AP) — It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a "no-hire, no fire" standstill. That's caused many to limit new work to only a few specific roles, if not pause openings entirely. At the same time, some ...

GM lays off 1,700 workers amid slower EV demand

NEW YORK (AP) — General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles. The Detroit News first reported the cuts on Wednesday — covering about 1,200 jobs at an all-electric plant in ...

Federal Reserve cuts key interest rate

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair Jerome Powell also cautioned that further rate cuts weren't guaranteed, citing the ...

PayPal and UPS help lead US stocks to more records

NEW YORK (AP) — The U.S. stock market pushed further into record heights on Tuesday. The S&P 500 added 0.2%. The Dow Jones Industrial Average rose 161 points, or 0.3%, and the Nasdaq composite climbed 0.8%. All three indexes set all-time highs for a third straight day. Moves were also ...