U.S. companies announced the fewest number of job cuts for any September since 2022, according to data from outplacement firm Challenger, Gray & Christmas Inc.

Employers last month announced 43,281 job cuts, a near 20% decrease from a year earlier. So far this year, planned staffing reductions are down almost 40% from the same nine months in ...Read more

Toyota Motor Corp. and Hyundai Motor Co. are pulling closer to Detroit’s marquee automakers in the U.S. auto market, boosted by demand for gas-electric hybrids and affordable vehicles as average car payments rise well above $800 a month.

Toyota’s sales rose slightly to more than 633,000 vehicle in the third quarter, including its Lexus ...Read more

DETROIT — Martha Firestone Ford, 101, isn't looking for much more than an AM radio in her vehicle, her son Bill Ford said during a panel Tuesday with executives from Google, Time magazine and United Airlines.

"I don't have a lot of 101-year-old customers," said Ford Motor Co.'s executive chair, joking during the panel at Michigan Central in ...Read more

For the second year in a row, Ford Motor Co. is sounding the alarm on a growing shortage of skilled trades workers in the United States.

"Here's the reality: We need to fill 1.7 million job openings in the trades every year over the next 10 years. Every year, 1.7 million," Ford CEO Jim Farley said on Wednesday, Sept. 30 at the company's ...Read more

Stellantis NV CEO Antonio Filosa on Wednesday, Sept. 30 said the maker of Jeep and Ram sees an opportunity to cash in with its new compact pickup, extended-range powertrains and vehicles priced at under $40,000 in the U.S. market.

During an auto industry conference in Detroit, Filosa cited the segments as North American growth opportunities for...Read more

Hormel Foods is branching into a new — and wildly popular — meat category with a deal to acquire a chicken company for more than $1 billion.

The Austin, Minnesota-based meatpacker is buying Brakebush Brothers, whose portfolio includes pre-prepared breaded tenderloins, chicken breasts and nuggets.

Hormel already sells protein staples such ...Read more

The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.

The findings came in a report released ...Read more

Anthropic disclosed that its advanced artificial intelligence technology poses "existential risks to humanity" in an initial public offering document.

As the company prepares for the largest listing in history at $2 trillion, its IPO prospectus has been circulated among investors and viewed by Reuters and other news outlets.

This comes after ...Read more

A federal judge in Oakland has approved a settlement that allows Paramount Skydance Chief Executive David Ellison to finalize his $111 billion acquisition of Warner Bros. Discovery.

Ellison is aiming to finalize the merger by next week, capping his meteoric rise into one of Hollywood’s most influential figures. The Ellison family claimed ...Read more

Touting his love for movies, Sen. Tim Scott, R-South Carolina, said he decided to co-sponsor legislation to create a federal film and television tax credit because it would help boost U.S. blue-collar jobs and provide more diversity in how America is portrayed on screen.

Scott is leading the legislative effort in the U.S. Senate alongside Sen. ...Read more

WASHINGTON — Millions of light-duty trucks spanning more than 100 nameplates will soon be recognized as passenger cars thanks to a regulatory overhaul by the Trump administration.

The planned shift for model year 2030, according to regulators, could push automakers to offer fewer unnecessary features and improve fuel economy for wallet-...Read more

The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.

The findings came in a report released ...Read more

Mattel is getting a new chief executive, as the company behind Barbie has struggled to turn its toy business into a movie business.

The El Segundo company is set to be led by Roger Lynch, who is stepping down from his role as chief executive at the publisher Condé Nast after more than 7 years with the company. Lynch has served as a Mattel ...Read more

U.S. gasoline supplies fell to the lowest level in 12 years, flashing a warning sign for higher pump prices as a global refining crisis pushes up fuel bills.

Stockpiles of gasoline dropped to 204 million barrels last week, according to U.S. Department of Energy data released Wednesday. That’s the lowest since November 2014. In the Midwest, ...Read more

Technology keeps promising to do more. A growing number of consumers want it to do less. Even as artificial intelligence becomes more powerful and pervasive, Google search data show a 5,000% increase year over year in queries for “analog hobbies” — like knitting, water coloring or playing an instrument — and an 850% increase in searches ...Read more

In an effort to stem the unrelenting surge in gasoline prices, Gov. Gavin Newsom has instructed state officials to switch to the lower-priced winter blend of fuel one month earlier than normal.

Fuel analysts say the winter blend is generally about 30 cents a gallon cheaper than the summer mixture.

Although it takes weeks for major price ...Read more

DETROIT — The U.S. economy is facing persistent inflation, geopolitical uncertainty and a surge in investment tied to artificial intelligence, Federal Reserve Governor Michael Barr said Tuesday.

Speaking to the Detroit Economic Club at The Masonic, Barr said the U.S. economy has shown resilience through a series of disruptions, with real ...Read more