Latest in Cuts Buoy Labor
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Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 28m -
Cutting aeroplane contrails is an easy climate win
Tackling these emissions should be simple, fast and cost-effectiveFinancial Times - 2d -
U.S. Companies Cut Diversity Efforts as Challenges Mount
At least six major U.S. companies modified their DEI policies last year.Inc. - 4d -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - 4d -
Meta cutting DEI team, programs in broad shift
Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...The Hill - 4d -
Labor Market Ends 2024 With a Bang
Surprisingly, employers added 256,000 jobs in December 2024, and unemployment ticked down.Inc. - 5d -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - 5d -
U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market
President Joe Biden will end his term with a relatively healthy labor market as the U.S. added 256,000 jobs in December and the unemployment rate ticked down to 4.1%.NBC News - 5d -
Friday's jobs report could present a mixed view of the labor market. Here's what to expect
Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.CNBC - 5d -
McConnell: Biden selling out to Big Labor by blocking US Steel deal
Sen. Mitch McConnell (R-Ky.) argued President Biden is selling out to Big Labor by blocking the sale of U.S. Steel to Japanese-owned Nippon Steel. “The Biden administration will leave America’s ...The Hill - 5d -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - 5d -
Service Workers Union Rejoins AFL-CIO After 20 Years as Labor Girds for Trump 2.0
The Service Employees International Union, which has 2 million members, will renew its affiliation with the umbrella labor union, bringing membership to about 15 million.Inc. - 5d -
Fed’s Collins says her concerns about labor-market fragility have decreased
The U.S. labor market remains healthy and the Federal Reserve can take a gradual and patient approach to future rate cuts, Boston Fed President Susan Collins said Thursday.MarketWatch - 6d -
Militants abduct 16 laborers working on a mining project in restive northwestern Pakistan
Pakistani officials say militants ambushed a vehicle in the restive northwest and abducted 16 laborers working on a mining projectABC News - 6d -
Dockworkers and port operators strike labor deal, again dodging strike
Automation was at the center of a long-running labor dispute that threatened to close East and Gulf Coast ports.CBS News - 6d -
Port Strike Averted With Labor Deal Days Before Deadline
Dockworkers and employers on the East and Gulf Coasts had until Jan. 15 to reach a new agreement that settled differences over automation.The New York Times - 6d -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - 6d -
Job Openings Rise Unexpectedly to 8.1 Million in Resilient Labor Market
Ahead of hiring numbers due out Friday, the Labor Department said the November jump in job openings, up from 7.8 million the month before, shows companies still need workers.Inc. - 6d -
Labor Board Says Google Should Have to Bargain With Contractors’ Union
A National Labor Relations Board complaint says that as a joint employer of workers from IT staffing firm Accenture Flex, the tech giant should be obliged to negotiate with its union.Inc. - Jan. 7 -
Shein's Lack of Answers on China Forced-Labor Concerns Angers U.K. Lawmakers
The bargain clothing site, which is seeking a London stock listing, declined to shed light on whether its clothing contains cotton from Xinjiang.The Wall Street Journal - Jan. 7 -
Washington Post cutting 4 percent of workforce
The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...The Hill - Jan. 7 -
Job openings reverse long decline, but the U.S. labor market is still not out of the woods
President-elect Donald Trump is inheriting low unemployment after several years of strong postpandemic hiring, but he’s also confronting a weakening labor market in which fewer jobs are available ...MarketWatch - Jan. 7 -
Bet365 boss takes big pay cut but still makes £158m
Denise Coates has been credited with the rapid rise of the online gambling firm.BBC News - Jan. 7 -
Derek Carr says he won't take a pay cut for 2025
When the Saints signed quarterback Derek Carr two years ago after he was released by the Raiders, the contract was structured as a two-year guarantee with a team option thereafter.Yahoo Sports - Jan. 7 -
John Deere unveils more autonomous farm machines to address skill labor shortage
John Deere has revealed a new line of autonomous machines and tech across agriculture, construction and commercial landscaping.VentureBeat - Jan. 6 -
UK high-speed rail line told to cut charges
Regulator rules fees should come down by 3.8% compared with HS1’s proposalFinancial Times - Jan. 6 -
‘Evolution not revolution’: Can the private sector help cut NHS waiting lists?
Keir Starmer has vowed to make better use of existing capacity to reduce massive backlogFinancial Times - Jan. 6 -
Chinese Vessel Cuts Taiwan Internet Cable in Apparent Sabotage
The incident caused only minimal disruption of service but sent a message about the vulnerability of the island and its internet.The Wall Street Journal - Jan. 6 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
‘Financial suffocation’: Argentina’s medics fear impact of Milei’s chainsaw cuts
Workers at main paediatric hospital say quality of care is threatened by president’s economic policy. The Garrahan paediatric hospital in Buenos Aires swarms with patients, parents and medical ...The Guardian - Jan. 6 -
ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
ATF chief warns that agency cuts could result in dire consequences
Congressional Republicans proposed $188 million in cutbacks to the agency this year, alleging the ATF overreaches and places too many restrictions, including on pistol braces.CBS News - Jan. 4 -
Streeting to unveil extra funding for English hospitals that cut waiting times fastest
Health secretary’s move intended to push NHS leaders to achieve government’s 18-week non-urgent treatment ‘milestone’Financial Times - Jan. 4 -
Oil prices score weekly gains, buoyed by China policy support
Oil futures posted solid gains in a holiday-shortened week, buoyed by expectations of further stimulus in China, the world’s largest crude importer, to boost its sputtering economy.MarketWatch - Jan. 3 -
Labor groups cheer Biden dismissal of US Steel sale as businesses bristle
Labor groups applauded as businesses leveled sharp criticism Friday at the decision by the Biden administration to block the acquisition of steelmaker U.S. Steel by Japanese rival Nippon Steel over ...The Hill - Jan. 3 -
Buoyed by transfers, Irish knock UGA out of CFP
Notre Dame got starring performances from transfers such as QB Riley Leonard in Thursday's 23-10 win over Georgia in a CFP quarterfinal, giving the Irish one of their biggest victories in decades.ESPN - Jan. 3 -
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Slovakia threatens to cut benefit for Ukrainians
A dispute between Slovakia and Ukraine over Russian natural gas transit has been escalating.BBC News - Jan. 2 -
Lions cut Jamal Adams from practice squad
The Lions are in desperate need of warm bodies on defense right now, but veteran safety Jamal Adams couldn't stick in Detroit.Yahoo Sports - Jan. 1 -
Here are 9 states cutting their individual income taxes on Jan. 1
Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.CBS News - Jan. 1