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  • Deeper job cuts at Boeing as pandemic throttles air travel
    Boeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes. The company said that when retirements and other employee departures are included, its workforce will shrink to about 130,000 by the end of next year, or 30,000 fewer […]
  • Trump hails ‘manufacturing miracle’ as factories bleed jobs – POLITICO
    Four years after he won the Midwest by vowing to revitalize the U.S. manufacturing workforce, President Donald Trump is campaigning for reelection on a job well done. The numbers tell a different story. The president’s anti-trade agenda and a pandemic-induced recession have combined to shutter factories and accelerate trends toward automation. Source: Trump hails ‘manufacturing […]
  • Amazon’s Drone Delivery Fleet Hits Milestone With FAA Clearance
    Amazon’s Drone Delivery Fleet Hits Milestone With FAA Clearance. (Bloomberg) — Retail behemoth Amazon.com Inc. took a big leap toward delivering goods from the sky by becoming one of only a handful of companies certified by the U.S. government to operate as a drone airline. The Federal Aviation Administration designated Amazon Prime Air an “air […]
  • The Finance 202: Fed, in major shift, announces it will prioritize getting people back to work – The Washington Post
    The Federal Reserve just declared there is no such thing as too much employment. What that means in practical terms for monetary policy is less clear. In a speech widely anticipated on Wall Street, Fed Chair Jay Powell on Thursday unveiled a revamp of how the central bank will approach maximizing employment while keeping a […]
  • US adds 1.8 million jobs in a sign that hiring has weakened
    WASHINGTON (AP) — The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is weakening hiring and the economic rebound. At any other time, hiring at that level would be seen as a blowout gain. But after employers shed a staggering […]

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