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Wall Street sees both good and bad

NEW YORK (AP) — The U.S. stock market sank from its record heights on Thursday, as Wall Street sifted through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths. The S&P 500 fell 1% and pulled further from its all-time high set on Tuesday. The Dow Jones Industrial Average slipped 109 points, or 0.2%, and the Nasdaq composite dropped 1.6% from its record set the day before. Stock markets elsewhere in the world were mixed, coming off a highly anticipated meeting between the leaders of the world's two largest economies. U.S. President ...

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 ...

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 ...