Business News [UP]

In a strong showing for the U.S. economy, employers added 261,000 new jobs in October as inflation and high prices have become a central issue to voters ahead of next week’s critical midterm elections....Read More

Twitter workers have filed a class action lawsuit against Twitter, Inc. alleging violation of the Worker Adjustment and Retraining Notification Act and California’s WARN Act. The suit is over mass layoffs with no notice....Read More

Elon Musk, who recently completed his $44 billion purchase of Twitter, will begin layoffs at the social media giant on Thursday, according to an internal memo....Read More

The U.S. Bureau of Labor Statistics said Thursday that labor productivity increased 0.3% in the third quarter of 2022....Read More

The Bank of England on Thursday increased Britain’s interest rate by 0.75 percentage point, or 75 basis points, its biggest jump in 33 years, to 3%, while issuing warnings of challenging economic times ahead....Read More

U.S. stocks fell sharply Wednesday after the Federal Reserve announced another large interest rate hike, sending markets on a roller-coaster ride....Read More

American Airlines pilots’ union rejected a new contract proposal that included 19% pay raises over the course of two years Wednesday....Read More

AMP Robotics said a recent flood of funding will support the technology needed to do better with the recycling of plastics....Read More

The Federal Reserve, in an effort to end persistent U.S. inflation, is expected to raise interest rates Wednesday by another 0.75 percentage points, or 75 basis points....Read More

U.S. banks reported $1.2 billion in ransomware payments in 2021, which was triple the amount reported in 2020, according to the Treasury Department’s Financial Crimes Enforcement Network, or FinCEN....Read More