Zoom to lay off 1,300 employees, or about 15% of its workforce
Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post shared to the company's website.
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Amazon scales back cargo flying as demand cools, contractor says
Air Transport Services Group said Amazon will be flying less in response to slowing consumer demand and a worsening economic outlook.
Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales
CEO Brian Niccol maintained the company hasn't seen backlash to higher prices for its burrito bowls and tacos, despite declining transactions.
Delta raises employee pay 5%, second increase in a year
The wage hikes come as travel rebounds and the labor market remains tight.
Hertz fourth-quarter profit beats as costs come down and travel rebounds
The rental car giant saw year-over-year gains in business from corporate travelers, international travelers and ride-hailing drivers.
New photos show the Navy recovering downed China spy balloon off U.S. coast
A Chinese spy balloon was shot down on orders of President Joe Biden, and his administration is considering other actions, Sen. Chuck Schumer said.
Fed Chair Powell says inflation is starting to ease, but interest rates still likely to rise
Fed Chairman Jerome Powell spoke Wednesday in a question-and-answer session at the Economic Club of Washington, D.C.
Inflation Reduction Act has spurred 100,000 new green jobs so far: Here's where they are
The wind, solar and EV manufacturing sectors are creating the new clean energy positions, according to a report by the nonprofit Climate Power.
Biden Labor Secretary Marty Walsh to become head of NHL players union
Labor Secretary Marty Walsh is the first statutory member of President Joe Biden's cabinet to depart. He will become head of the NHL's Players Association.
Used vehicle prices swing higher amid unseasonably strong demand in January
Used vehicle prices have increasingly become a point of interest for investors and the Biden administration as a barometer for easing inflation.
Watch Federal Reserve Chair Jerome Powell discuss inflation, interest rates and the economy
Federal Reserve Chairman Jerome Powell speaks Tuesday afternoon in a question-and-answer session with Carlyle Group Chairman David Rubenstein.
Biden plans to go after social media and kids’ mental health in SOTU speech
President Joe Biden will discuss data privacy and online safety when he delivers State of the Union address
Turkey's President Erdogan declares 3-month state of emergency for quake-hit regions
Turkish President Recep Tayyip Erdogan declared a three-month state of emergency in 10 of the country's provinces Tuesday.
Hispanic dialysis patients face 40% higher risk of staph infection than whites, CDC says
People of color on dialysis have a higher risk of staph bloodstream infections than white people, according to the CDC.
Fed's Neel Kashkari says central bank has not made enough progress, keeping his rate outlook
Kashkari told CNBC on Tuesday that he sees the Fed's benchmark interest rate likely heading to about 5.4%.
Watch U.S. House Speaker Kevin McCarthy speaks on the debt ceiling
McCarthy's speech comes a day before President Joe Biden is scheduled to give his annual State of the Union address.
Judge suggests abortion might be protected by 13th Amendment despite Supreme Court ruling
The Supreme Court, with a majority opinion by Justice Samuel Alito, ruled there was no federal right to abortion, overturning its Roe v. Wade decision.
Pinterest shares slip on fourth-quarter revenue miss and weak forecast
Pinterest reported revenue for the fourth quarter that missed analysts' estimates
Biden to deliver State of the Union address amid high inflation and divided Congress that threaten to derail economy
Key indicators such as unemployment and GDP show robust growth, but inflation is still high and the Fed hiked interest rates eight times in the last year.
George Santos denies sexual harassment accusation from ex-prospective staffer
Santos reportedly said he "100%" denies the claim from Derek Myers, who alleged he was groped by the congressman during a brief stint working in his office.
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