The deepening economic slump was underscored by other data on Friday that showed production at industries collapsed last month at its deepest pace in 101 years. The reports, combined with a historic 20.5 million job losses in April, buttressed Federal Reserve Chair Jerome Powell’s warning on Wednesday of an “extended period” of weak growth and stagnant incomes.
Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes...
United Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026,...
