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Inflation is stubbornly high, tariffs might not be temporary and wage pressures are rising.
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United Parcel Service posted third-quarter results that handily beat Wall Street's expectations and gave details about its turnaround efforts, including approximately 34,000 job cuts.
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Amazon to cut about 14,000 corporate jobs in AI push ReutersStaying nimble and continuing to strengthen our organizations About AmazonAmazon just cut 14,000 jobs, and it's not done CNNExclusive: Amazon targets as many as 30,000 corporate job cuts, sources say ReutersAmazon to cut 14,000 corporate jobs TechCrunch
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Job growth was cooling prior to the government shutdown, which started on Oct. 1 and has delayed the release of the September jobs report.
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UPS's stock looked to surge after the company announced it beat profits by the widest margin in more than four years.
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