Powell defends Fed’s independence amid Trump’s remarks
President Trump’s push to oust Fed Chair Powell drew warnings from CEOs and spurred a brief market rally after his reversal....
Tag : Walmart
China retaliates as Trump tariffs hit U.S. economy
As Trump’s tariffs hit, China retaliated with steep duties and bans on U.S. firms, while the Federal Reserve faces growing pressure to stabilize bond markets....
1,700 jobs cut as Amazon exits Quebec warehousing operations
Amazon announced the closure of seven Quebec warehouses, eliminating 1,700 jobs, amid allegations the move is linked to recent unionization efforts at a Montreal-area facility....
American firms rush imports ahead of Trump’s proposed China tariffs
U.S. businesses are stockpiling Chinese imports as President-elect Trump plans a 60% tariff, fueling inflation fears and supply chain concerns. Economists urge domestic investment....
Walmart to lay off over 2,000 workers in five states amid tough times ahead
Walmart, the largest private employer in the US, is set to lay off more than 2,000 workers from five of its fulfillment centers that cater...
About 2 million air fryers were recalled because of fire hazards
As a result of a wire connection overheating in the air fryers, the U.S. Consumer Product Safety Commission has recalled about 2 million Cosori air...
Wall Street records sharpest plunge since 2020, Dow drops 1100 points
On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors’ apprehensions...