Amazon, one of the largest tech employers in the world, has revealed that it is now hiring at the slowest pace since 2019 and has cut over 100,000 employees globally in the June quarter, likely due to the dramatic economic slowdown since 2021.
The Democrats’ marquee bill to reduce inflation would likely have zero impact on inflation, according to a study by the influential Penn Wharton Budget Model.
Well, the long-awaited second-quarter GDP numbers are out, and based on the reading, the economy contracted by 0.9% on a year-over-year basis, adjusted for inflation.
Former President Donald J. Trump laid out 42 policy proposals at the America First Policy Institute (AFPI) summit Tuesday, where he gave his first speech in Washington, DC, since leaving office.
Nearly half of American adults are having trouble paying for basic household necessities, new Census Bureau data show, a sign of continued struggling amid economic turmoil and record-high inflation.
