Powell defends Fed’s independence amid Trump’s remarks
U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for...
Tag : Walmart
China retaliates as Trump tariffs hit U.S. economy
Financial markets experienced heightened turbulence on Wednesday as the latest round of tariffs from U.S. President Donald Trump officially took effect. The move, which has...
1,700 jobs cut as Amazon exits Quebec warehousing operations
Amazon announced it will close all seven of its warehouses in Quebec, Canada, over the next two months, eliminating approximately 1,700 full-time jobs and 250...
American firms rush imports ahead of Trump’s proposed China tariffs
MENA Newswire News Desk: U.S. businesses are stockpiling goods from China in anticipation of a 60% tariff on Chinese imports proposed by President-elect Donald Trump....
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...