Higher Shelter Costs Bump Inflation up to 2.6%
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress towards low inflation has slowed since mid-year, »
Siemens to cut up to 5,000 jobs in automation business after downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday. "Sometimes we have »
Chipmaker giant AMD to cut 1,000 jobs as it battles Nvidia
AMD has confirmed that it's laying off 4% of its workforce to focus on "large growth opportunities." It's unclear how »
Fed’s Kashkari Says Inflation Data Moving In Right Direction
Federal Reserve Bank of Minneapolis President Neel Kashkari said the top figures from the latest consumer price report confirm inflation is headed down toward the central »