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US Business
Amazon to Cut 9,000 More Jobs After Earlier Layoffs
CEO Andy Jassy cited an ‘uncertain economy’ and more uncertainty in the near future.
US Business
US Business
Foot Locker Expects Sales, Profit to Fall in Coming Year
The shoe retailer is closing stores and boosting pay as new CEO Mary Dillon aims to jump-start growth.
US Business
Some Gerber Baby Formula Recalled Due to Possible Contamination
Perrigo says the decision affects certain lots of Gerber Good Start SoothePro powdered variety that was made at its plant in Eau Claire, Wis.
US Business
Small Businesses Stress-Test Their Banks After SVB Collapse
Some entrepreneurs are asking tough questions or shifting deposits. “I think we need to analyze banks just like they analyze us,” a restaurateur said.
US Business
Musk’s Cost-Cutting Targets Put Pressure on EV Rivals
GM, Ford and Volkswagen face questions about efforts to slash costs for future vehicles.
US Business
Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis
The bank agreed to be bought by UBS, ending 167 years as an independent institution.
US Business
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
The deal was engineered by regulators and is designed to restore trust in the banking system.
US Business
Labor Strife at New York Times Intensifies, Dividing Staff
The publisher calls the lack of progress in negotiations troubling, as staffers air frustrations in Slack.
US Business
TikTok’s Chinese Parent Has Another Wildly Popular App in the U.S.
One of the hottest apps in the U.S. right now is CapCut, a video-editing tool that, like TikTok, is owned by China-based ByteDance.
US Business
Smaller Banks’ Role in Economy Means Distress Raises Recession Risks
Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic growth.