Business

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while trimming spending. In June CEO Andy Jassy, who has aggressively sought to...

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Federal Reserve to cut key rate Wednesday, may signal another cut to follow

Federal Reserve to cut key rate Wednesday, may signal another cut to follow

WASHINGTON (AP) — The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. ...

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Wall Street hits records following an encouraging update on inflation

Wall Street hits records following an encouraging update on inflation

NEW YORK (AP) — U.S. stocks hit records on Friday after an update on inflation came in a bit less painful than feared. The S&P 500 rose 0.8% and topped its prior all-time high, which was set e...

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Russian oil company Lukoil to sell international assets in response to Trump sanctions

Russian oil company Lukoil to sell international assets in response to Trump sanctions

FRANKFURT, Germany (AP) — Russian oil major Lukoil says it is selling its international assets in response to sanctions imposed by U.S. President Donald Trump that aim to push Russia to agree to a...

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US and China seek to strike a deal over rare earths, tariffs, soybeans

US and China seek to strike a deal over rare earths, tariffs, soybeans

WASHINGTON (AP) — The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea. But they a...

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Ford F-150 becomes part of Japan’s efforts to woo Trump

Ford F-150 becomes part of Japan’s efforts to woo Trump

TOKYO (AP) — Japan’s most iconic truck might be the tiny white transport vehicles that farmers use to lug gear on the narrow roads that link their rice fields. But Japanese Prime Minister Sanae Ta...

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