Author: Press Room

Microsoft has plans to trim its workforce through layoffs. The planned layoffs will reduce the Washington-based tech company’s total workforce by 3%, CNBC first reported on Tuesday.…

A Turkey-based copper wire manufacturer announced on Tuesday it is investing $34 million in South Carolina to establish a 91,000-square-foot facility that will manufacture superfine electrolytic…

Amazon and FedEx have entered a package delivery deal.  Business Insider reported, citing an internal document, that a new agreement between the e-commerce giant and delivery…

President Donald Trump on Tuesday touted his administration’s economic policies in a speech delivered in Saudi Arabia. The president is traveling through the Middle East this…

Inflation rose slightly in April and remained above the Federal Reserve’s target rate as the economic impact of higher tariffs is expected to impact consumer prices…

President Donald Trump on Tuesday signed a “strategic economic partnership” alongside Saudi Arabia’s Crown Prince Mohammed bin Salman. The partnership included a series of deals on…

UnitedHealth Group on Tuesday said Chairman Stephen Hemsley will return to the helm of the health care conglomerate, succeeding CEO Andrew Witty.  Witty is stepping down…

Japanese carmaker Nissan has increased its planned job cuts by 11,000 as part of its recovery plan “Re-Nissan.”  The company now plans to slash a total…

President Donald Trump is traveling to the Middle East to bring more investment to the U.S. Trump departed Washington, D.C., on Monday ahead of planned visits to…

China has removed its ban on airlines accepting Boeing planes after Beijing and Washington agreed to temporarily reduce the steep tariffs on one another, according to…