TAG · Economy
Kieran Shanahan, chief operating officer for Walmart U.S., is leaving his role this week and will be succeeded by Kyle Kinnard, currently COO for Walmart International, according to an internal company memo viewed by The Wall Street…
2026-07-17 · 3 MIN READSouth Korea's Supreme Court ruled Thursday that POSCO must directly employ most of the subcontracted workers involved in two long-running lawsuits, finding that they had effectively worked under the steelmaker's direction. The decisions…
2026-07-16 · 3 MIN READVerizon Communications said Thursday it will lay off about 3,000 workers and sell 274 company-owned retail stores to franchise owners, according to a company spokesman.
2026-07-16 · 3 MIN READBritish Steel has been brought under public ownership, the government announced Thursday, after parliament passed legislation this week granting ministers the power to transfer the Scunthorpe-based steelmaker's shares and property into…
2026-07-16 · 3 MIN READPresident Donald Trump endorsed MyPillow founder Mike Lindell for Minnesota governor on Wednesday, calling him "one of America's greatest and most hard working Patriots" in a Truth Social post and giving formal backing to a fellow promoter…
2026-07-15 · 4 MIN READTripling union membership in the United States would deliver a 14.5% raise to the median worker and shift $1.2tn annually to workers, according to a report released Wednesday by the Economic Policy Institute. The report projects that…
2026-07-15 · 4 MIN READElevance Health on Wednesday raised its full-year adjusted earnings outlook to at least $27 per share after reporting second-quarter revenue that beat Wall Street estimates. The Indianapolis-based health insurer posted revenue of $50.47…
2026-07-15 · 3 MIN READA group of 26 Meta employees filed a lawsuit late Monday in federal court in Oakland, California, alleging that the company used artificial intelligence systems to select people for layoffs in a way that disproportionately targeted those…
2026-07-14 · 3 MIN READMore than 200 economists and AI researchers, including 16 Nobel laureates, signed an open letter Monday organized by Stanford University's digital economy lab, warning that artificial intelligence could cause large-scale job displacement…
2026-07-13 · 3 MIN READSir Olly Robbins, the former top civil servant at the Foreign Office sacked by Prime Minister Keir Starmer over Lord Mandelson's vetting to be US ambassador, has launched a legal challenge against his dismissal. The FDA, the union for…
2026-07-13 · 4 MIN READThe New York Times countersued the Equal Employment Opportunity Commission on Friday, accusing the agency of unconstitutionally retaliating against the newspaper for its coverage of the Trump administration by filing a discrimination…
2026-07-11 · 3 MIN READOver the past four months, The Guardian interviewed more than three dozen current and former Department of Homeland Security officials who described a climate of fear under the Trump administration, including polygraph examinations…
2026-07-11 · 4 MIN READArgentina's government announced plans for a $1.2 billion investment by U.S.-based Meitner Energy to build what backers describe as the world's first commercial nuclear reactor using Argentine-designed technology at the Atucha nuclear…
2026-07-07 · 3 MIN READVolkswagen on Thursday announced plans to cut its car lineup by up to half and further reduce production capacity in its second major overhaul in under two years, as the German automaker faces competition from Chinese electric vehicles,…
2026-07-10 · 3 MIN READ
More American workers are testing positive for marijuana in workplace drug tests, while a growing number of employers are dropping pre-hire screening for the substance, according to new data from Quest Diagnostics and an employer survey by…
2026-07-10 · 3 MIN READThe Supreme Court's late-June ruling allowing the Trump administration to end Temporary Protected Status for Haitians and Syrians could worsen existing staffing shortages in U.S. long-term care facilities, health care experts and industry…
2026-07-09 · 3 MIN READThe Air Force has canceled the promotions of 135 service members after discovering a grading error on a security forces specialty knowledge test, an error officials described as an "isolated and highly unprecedented anomaly." The rescore…
2026-07-09 · 3 MIN READTony Barzar, a 60-year-old Costco cashier in Tucson, Arizona, earns $32.90 an hour and has accumulated over $1 million in his 401(k) retirement account since starting at the retailer in 1986, the Wall Street Journal reported Wednesday.…
2026-07-08 · 4 MIN READA roundup of analyst notes Tuesday highlighted Huawei's first 5G smartphone launch abroad since U.S. sanctions, Tencent's latest AI model release, and Microsoft's plans to cut more than 3,000 jobs in its Xbox division as investors assessed…
2026-07-07 · 3 MIN READToyota Motor Corp. said Monday it will invest $3.6 billion to bring production of its Tacoma midsize pickup truck back to the United States by 2030, adding a second assembly line and 2,000 jobs at its San Antonio, Texas, manufacturing…
2026-07-06 · 3 MIN READSecretaries and administrative assistants, a women-dominated profession already in decline, face potential job displacement from artificial intelligence tools that can accomplish aspects of their workload with a tap, according to…
2026-07-02 · 3 MIN READThe National Labor Relations Board dismissed 34.7% of unfair labor practice charges filed by labor unions and 67.4% of charges filed by workers during the first 16 months of the Trump administration, according to a new analysis by the…
2026-07-01 · 3 MIN READAs of July 1, federal Pell Grant dollars became available for short-term workforce training programs for the first time, but few existing nondegree courses meet the new eligibility criteria, leaving community colleges working to reshape…
2026-06-30 · 3 MIN READBritish American Tobacco plans to cut 5,500 jobs directly and outsource a further 3,500 roles to Accenture by the end of this year, eliminating about a fifth of a workforce that stood at 47,000 employees globally, the company said Monday.
2026-06-29 · 3 MIN READBT Group and Verizon Communications on Monday announced a 50-50 joint venture combining their international operations, with Verizon paying BT a $625 million equalisation fee to guarantee equal voting rights. The deal ends BT's more than…
2026-06-29 · 3 MIN READThe Wall Street Journal reported Thursday that two women who were once front-runners to succeed JPMorgan Chase Chief Executive Jamie Dimon are no longer in contention, leaving two men as the leading candidates for one of the most closely…
2026-06-26 · 3 MIN READA Domino's manager from Manassas, Virginia, earned the title of the "World's Fastest Pizza Maker" on May 13, assembling three large pizzas in 31.22 seconds at a competition in Las Vegas. Richard Delcid won the top spot at the Domino's…
2026-06-26 · 3 MIN READNearly half of Latin American workers operate outside the formal economy, a pattern that analysts say undermines democratic institutions and perpetuates a cycle of weak governance across the region, according to a commentary published…
2026-06-26 · 3 MIN READChinese AI startup DeepSeek said it plans to at least double the size of all its departments after raising more than $7.4 billion in its first funding round at a valuation exceeding $50 billion, according to a company statement and reports.
2026-06-26 · 3 MIN READMonique Di Liberto spent 17 years as a full-time parent. When she began looking for paying work again, she said she felt paralyzed by self-doubt — a feeling familiar to millions of Americans navigating career breaks after layoffs,…
2026-06-25 · 4 MIN READThe Trump administration's revocation of temporary protected status for immigrants from countries including Honduras, Venezuela, Syria, and Haiti has cost US hospitals and nursing homes thousands of nursing assistants, home health aides,…
2026-06-23 · 4 MIN READOracle shed roughly 21,000 employees globally over the past year as the software and cloud-computing giant reorganized its operations around artificial intelligence, according to the company's latest annual report. The cuts amount to about…
2026-06-23 · 4 MIN READNissan has reportedly shelved development of a fully electric version of its Qashqai, its top-selling model in Europe, as part of a sweeping cost-cutting program that has already eliminated seven factories and 20,000 jobs worldwide.
2026-06-23 · 3 MIN READWelltower CFO Tim McHugh received a $167 million pay package in 2025, making him the highest-paid finance chief among major U.S. companies, according to a Wall Street Journal Leadership Institute analysis of data from public-company data…
2026-06-23 · 4 MIN READMore U.S. CEOs crossed the $100 million pay threshold last year than in any year since 2021, according to the Wall Street Journal's annual CEO pay ranking. Elon Musk's $158 billion pay package from Tesla set a new record, and nearly a…
2026-06-23 · 4 MIN READDomino's Pizza on Monday named operations chief Joe Jordan as its next chief executive, tapping a company veteran to lead the world's largest pizza chain through a period of sluggish industry growth.
2026-06-22 · 3 MIN READMorgan Stanley is considering a $1.33 billion operational hub in Dallas that would bring more than 2,200 jobs to the city by 2035 and could create another 1,000 positions by 2039, according to a draft resolution before the Dallas City…
2026-06-22 · 4 MIN READLucid Group will lay off about 18% of its U.S. workforce, including Chief Operating Officer Marc Winterhoff, as the electric-vehicle maker continues restructuring to reduce costs and align production with demand.
2026-06-22 · 3 MIN READA new analysis by The Guardian, drawing on multiple polls, finds that Donald Trump's support among the white, blue-collar voters who powered his 2016 and 2024 victories has eroded sharply amid rising inflation, the loss of factory jobs,…
2026-06-22 · 3 MIN READInside a low-ceilinged textile factory in Surat, India, workers endure blazing heat amplified by steam and chemical smells from heavy machinery, as fans and coolers prove insufficient on the hottest days.
2026-06-18 · 3 MIN READIn a Guardian op-ed published Thursday, corporate marketing executive Andrea Javor argued that the three-martini lunch, a much-mocked relic of mid-century American business, should be revived as a tool for rebuilding authentic workplace…
2026-06-18 · 3 MIN READFive years after President Joe Biden signed the Juneteenth National Independence Day Act into law, the holiday's adoption as a paid day off for public employees varies widely across the U.S., with 33 states and Washington, D.C., now…
2026-06-18 · 3 MIN READWall Street banks are rapidly deploying artificial intelligence for tasks ranging from loan underwriting to deal presentations, but executives are wrestling with how to manage workforce changes, retraining needs, and the future path to…
2026-06-18 · 3 MIN READThe Trump administration's immigration policies are threatening the work of foreign-born doctors across the United States, placing healthcare access at risk – especially in rural, underserved areas – according to doctors, hospital…
2026-06-17 · 3 MIN READA new Gallup survey shows only about 30% of U.S. employees say they are engaged at work, the lowest level in more than a decade, as a leadership scholar and a cultural historian describe the gap between how bosses see themselves and how…
2026-06-17 · 3 MIN READAn index measuring optimism among U.S. small business owners fell in May to its lowest point since October 2024, according to data from the National Federation of Independent Business, erasing gains recorded after President Donald Trump's…
2026-06-16 · 3 MIN READVoters in the District of Columbia and Oklahoma headed to the polls Tuesday for primary elections, with D.C. using ranked-choice voting for the first time and Oklahomans deciding whether to raise the state's minimum wage to $15 per hour by…
2026-06-16 · 3 MIN READThe New York Jets and right guard Joe Tippmann have agreed to a four-year, $62 million contract extension, a league source told UPI on Monday. The deal includes $31 million in guaranteed money and keeps Tippmann under contract through the…
2026-06-15 · 3 MIN READReform UK has announced a policy that would tax companies for hiring foreign workers while reducing National Insurance contributions for their British staff, a proposal the party says would put "British workers first, migrant workers…
2026-06-15 · 4 MIN READThe U.S. economy has continued to grow at an annualised rate of about 2% through a succession of shocks — including President Donald Trump's tariffs, mass deportations, and conflict in the Middle East — defying predictions of a downturn,…
2026-06-14 · 3 MIN READA federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after hanging a giant transgender pride flag from El Capitan, ruling that the former employee must first exhaust administrative…
2026-06-14 · 3 MIN READA group of 40 leading economists, technologists, and policy experts met in Washington, D.C., this week to strategize responses to artificial intelligence's economic risks, warning that without proactive policy, AI could nearly double GDP…
2026-06-13 · 3 MIN READThe number of U.S. court reporters has fallen 21% to fewer than 23,000 over the past decade, creating a shortage that is opening courtrooms to AI transcription even as legal professionals warn the technology remains prone to errors.
2026-06-13 · 3 MIN READAnthropic will donate $150 million to launch Claude Corps, a fellowship program that places 1,000 early-career workers trained in the company’s AI chatbot at nonprofit organizations for one year to help them integrate artificial…
2026-06-11 · 3 MIN READAs businesses accelerate adoption of artificial intelligence, workplace experts say the skills most resistant to automation are those that are distinctly human: empathy, critical thinking, relationship building, conflict resolution, and…
2026-06-11 · 3 MIN READA group of former FBI agents and intelligence analysts has launched a support network to assist colleagues who have been fired or forced out under the Trump administration, citing mental health crises and "moral injuries" from what they…
2026-06-11 · 4 MIN READThe Wall Street Journal reports that SpaceX's initial public offering, expected to be the largest in history with a valuation of around $1.8 trillion, is set to transform the economy of the Rio Grande Valley in Texas, where the company's…
2026-06-11 · 3 MIN READUnionized workers at a Michigan plant that supplies axles for General Motors’ heavy-duty pickup trucks have reached a tentative labor agreement with Dauch Corp., ending a 10-day strike. The deal requires ratification by roughly 970 hourly…
2026-06-11 · 3 MIN READA survey of 16 economists by The Wall Street Journal found broad agreement that artificial intelligence will increase productivity in the near term, but sharp division on whether AI will eliminate more jobs than it creates over the next…
2026-06-10 · 3 MIN READMeta Platforms Inc. on Monday launched a free, five-week workforce academy to train workers to build its data centers, guaranteeing graduates a job at a Meta construction site. The company committed $115 million to the program this year,…
2026-06-08 · 3 MIN READSavneet Talwar, a tenured art therapy professor at the School of the Art Institute of Chicago, was suspended from teaching and placed under investigation after a student complained about an assigned case study that mentioned violence…
2026-06-05 · 3 MIN READFederal and state authorities raided a South Carolina metal casting plant on Wednesday, detaining 48 workers on alleged immigration violations and arresting two company managers on charges of knowingly hiring immigrants in the U.S.…
2026-06-04 · 3 MIN READNissan has signed a non-binding agreement to explore contract manufacturing vehicles for Chinese state-backed automaker Chery at its Sunderland plant, a move that would safeguard around 6,000 jobs and mark the first mass-market Chinese car…
2026-06-03 · 3 MIN READThe UK government will provide £1.3bn in public funding to help Comcast build Universal’s first European theme park on a former brickworks site near Bedford, Chancellor Rachel Reeves announced Wednesday.
2026-06-03 · 3 MIN READChinese intelligence operatives are using legitimate employment websites including LinkedIn, Indeed and Upwork to pose as recruiters and trick UK government and military staff into disclosing state secrets, MI5 warned Wednesday in a rare…
2026-06-03 · 3 MIN READPresident Donald Trump signed an executive order Wednesday stripping civil service job protections from approximately 8,000 senior federal workers earning up to nearly $200,000 annually, the White House and Office of Personnel Management…
2026-06-03 · 3 MIN READConservative leader Kemi Badenoch accused Prime Minister Sir Keir Starmer on Wednesday of abandoning welfare reform, pointing to the absence of a welfare bill from the government's legislative agenda and citing leaked private messages from…
2026-06-03 · 3 MIN READThe Bureau of Labor Statistics reported Tuesday that U.S. job openings rose to 7.6 million in April, the highest level in nearly two years, as the labor market showed resilience amid the ongoing U.S.-Israel-Iran war. The figure beat…
2026-06-02 · 3 MIN READHarvard economist Kenneth Rogoff warned Tuesday that the rapid expansion of artificial intelligence could create a permanent global underclass, with developing nations and countries outside the AI supply chain facing mass job displacement…
2026-06-02 · 3 MIN READFederal Reserve Bank of New York researchers said Monday that the pandemic-era shift toward remote work is connected to an increase in unemployment among younger workers, estimating that approximately 64% of the jobless rate rise among…
2026-06-01 · 3 MIN READDemocratic lawmakers and labor advocates are meeting with Midwest autoworkers in union halls across five states, aiming to win back blue-collar voters ahead of the 2026 midterm elections as offshoring concerns and tariff impacts mount in…
2026-06-01 · 3 MIN READThe Trump administration on Monday issued a new rule requiring most Medicaid enrollees ages 19 through 64 to work, participate in job training, or perform community service for at least 80 hours per month to maintain their health coverage,…
2026-06-01 · 5 MIN READMajor consulting firms and government agencies are mandating generative AI usage for staff and tying it to promotion tracks, even as internal confusion over implementation and expected returns leaves employees and mid-level managers…
2026-06-01 · 3 MIN READThe Equal Employment Opportunity Commission is proposing to halt its annual collection of employee demographic data and revoke a decades-old regulation that authorized employers to take voluntary steps to correct race and gender…
2026-06-01 · 3 MIN READNearly 1,000 United Auto Workers walked off the job Monday at American Axle's plant in Three Rivers, Michigan, halting production of axles that supply General Motors' full-size and midsize pickup trucks. The strike, which UAW President…
2026-06-01 · 4 MIN READHome care workers across the United Kingdom are absorbing hundreds of pounds in monthly fuel costs that their employers' mileage rates do not fully cover, as petrol and diesel prices continue to rise. A South Yorkshire-based carer said she…
2026-06-01 · 4 MIN READThe UK government's pledge to invest £4.4 billion in Plymouth's Devonport dockyard over the next decade is set to transform the city, with council estimates projecting up to 25,000 new jobs in the maritime and defense sector. Labour…
2026-05-31 · 4 MIN READArm's chief executive, Rene Haas, is in line for a compensation package that could exceed $1 billion if the chip designer hits market capitalization milestones stretching to $2 trillion by 2031, according to a filing with the U.S.…
2026-05-31 · 3 MIN READFormer Health Secretary Wes Streeting has proposed cutting employers' National Insurance contributions and approving new North Sea oil and gas licensing to address youth unemployment and increase tax revenue.
2026-05-31 · 3 MIN READ
