WASHINGTON (Reuters) – Layoffs announced by U.S. employers surged in March to the highest level since the pandemic recession as the government purged federal workers and contractors to slash spending. Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts increased 60% to 275,240 last month, the highest level since May…
WASHINGTON (Reuters) -U.S. President Donald Trump fired General Timothy Haugh as director of the National Security Agency on Thursday, according to two officials familiar with the decision, and congressional Democrats denounced the removal of the nonpartisan official from a top security post. Haugh, an Air Force general who is also head of U.S. Cyber Command,…
By Jonathan Stempel (Reuters) -A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, U.S. District Judge Jacqueline Scott Corley said parents can try to…
(Reuters) – The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20% from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession. Trump…
MOSCOW (Reuters) – Russia has opened a criminal case against the 69-year-old father of Leonid Volkov, a former aide to late opposition leader Alexei Navalny, state news agency TASS reported on Thursday. TASS quoted a security source as saying that Mikhail Volkov, a renowned mathematics professor, was suspected of transferring money to Navalny’s Anti-Corruption Foundation,…
GOTHENBURG, Sweden (Reuters) -Volvo Cars’ new top executive said on Thursday the company would produce more cars in the U.S. while ramping up its regionalisation efforts, just as a 25% U.S. tariff on global autos takes effect. European companies are scrambling to find solutions as President Donald Trump’s 25% duties on foreign cars became effective…
(Reuters) – Several White House National Security Council directors were fired Thursday morning, according to three people familiar with the matter. It’s not clear exactly why the staffers were let go or if their firing is permanent. But two of the sources said several were told there were issues with their vetting. One of the…
By Mark John (Reuters) – Ridiculed for imposing trade tariffs on frozen islands largely inhabited by penguins, Donald Trump’s formula for calculating those levies has a serious side: it is also hitting some of the world’s poorest nations hardest. The math is simple: take the U.S. goods trade deficit with a country, divide it by…
By Howard Schneider WASHINGTON (Reuters) – New import taxes imposed or potentially in the offing from the Trump administration could raise the average effective tariff rate on goods coming into the U.S. from the current 2.2% to around 17%, while posing “widespread disruptions” focused on manufacturing industries in Midwestern and Southern states, a new analysis…
By David Shepardson WASHINGTON (Reuters) – Boeing is in discussions with the U.S. Department of Justice to reach a revised plea agreement in a criminal fraud case stemming from the planemaker’s alleged misrepresentations to regulators about a key system on the 737 MAX, company CEO Kelly Ortberg said on Wednesday. Ortberg said at a Senate…
