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Business
Why Trump’s Immigration Crackdown Isn’t Boosting Hiring
The Trump administration's strategy on immigration and employment has not yielded the anticipated benefits for American workers. Instead, the nation faces slower wage growth, reduced job opportunities, and an increased unemployment rate, driven by diminished demand and prevailing economic uncertainty.
Amazon Is Laying Off 16,000 Employees As AI Battle Intensifies
Amazon has announced a second wave of layoffs, affecting 16,000 employees, as part of its strategy to enhance decision-making efficiency and maintain a competitive edge in the rapidly evolving AI industry.
The Deal To Secure TikTok’s Future In The U.S. Has Finally Closed
The joint venture tasked with acquiring TikTok's US operations has been officially formed, unveiling its leadership structure. The board comprises TikTok US CEO Shou Chew and representatives from Oracle, Silver Lake, and other entities. This agreement aims to mitigate national security risks by implementing robust data protection measures, algorithm security, and content moderation tailored for American users.
When A Credit Report Can Hurt Your Chances Of Being Hired
New York State has enacted legislation prohibiting employers from utilizing credit reports in employment decisions, such as hiring and promotion, with specific exceptions for certain roles. This law positions New York as the 11th state to implement such restrictions, potentially extending its reach nationwide.
Saks Global Files For Bankruptcy Amid Luxury Market Strains
Saks Global, the parent company of Saks Fifth Avenue, has filed for Chapter 11 bankruptcy protection, a move precipitated by significant debt incurred after acquiring rival Neiman Marcus in 2024. This development underscores the challenges faced by luxury retailers in adapting to shifting consumer preferences and economic uncertainties.
After ‘Digital Undressing’ Criticism, Elon Musk’s Grok Limits Some Image Generation To Paid Subscribers
Elon Musk's Grok chatbot has restricted certain Imagine image generation capabilities to paying X subscribers, following global controversy over the AI's ability to "digitally undress" individuals, including minors.
U.S. Economy Added 50,000 Jobs In December, Capping Off One Of The Weakest Years Of Job Gains In Decades
The United States experienced a modest increase in employment with an estimated 50,000 jobs added in December, marking the weakest annual job growth since 2003. This growth was predominantly fueled by the health care and social assistance sectors, with leisure and hospitality also contributing to the gains.
Meet America’s Black Billionaires
A recent Forbes report highlights the financial landscape of America's wealthiest Black billionaires, who collectively hold a net worth of $54.9 billion. Topping the list is Alexander Karp, co-founder and CEO of Palantir, with an impressive net worth of $16.1 billion.
Federal Judge Denies Trump Administration’s Effort to Defund Consumer Financial Protection Bureau
A federal judge has mandated that the Trump administration maintain funding for the US Consumer Financial Protection Bureau, dismissing its recent effort to dismantle the regulatory body.
The ACA’s Enhanced Subsidies Are Expiring After Wednesday. Here’s What You Need To Know
The expiration of the Affordable Care Act's enhanced premium subsidies is poised to significantly impact millions of Americans, who may face increased health insurance costs in 2026 or risk going uninsured.