Jobs

With hiring now slowing sharply, employers are controlling payroll costs by cutting or freezing bonuses, doling out fewer and smaller merit increases.

Axios informed staffers on Tuesday that 50 people across the company would be laid off because of "tectonic shifts" in the American media industry.

Buca di Beppo filed for Chapter 11 bankruptcy in a Texas court on Monday, the family-style Italian restaurant chain announced. It has plans for a restructuring.

A growing number of investors are betting that the Federal Reserve will make a super-sized interest rate cut when policymakers next meet in mid-September.

Chicago Federal Reserve President Austan Goolsbee said on Monday that central bank policymakers will "fix" the U.S. economy if it starts to deteriorate.

Intel CEO says he misjudged the boom that has created a windfall for chipmakers such as Nvidia, that are leading the AI race for next generation technology.

U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July jobs report released Friday.

The U.S. economy added 114,000 jobs in July, less than expected, as sectors like manufacturing, information and financial activities pulled back on hiring.

The July jobs report triggered the "Sahm rule," which is closely monitored by Wall Street, because it has been a historically accurate recession indicator.

Fast-food workers in California are fighting for another wage increase just a few months after the state implemented a controversial law to boost minimum wages from $16 to $20.

The July jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.