Amazon is moving forward with more job cuts, this time focusing on hundreds of roles in its New York City offices. This is part of a larger plan to lean out the company after years of massive hiring and expansion. While the number of cuts in NYC is small compared to Amazon's total workforce, it’s a sign that even the biggest players in tech are still looking for ways to save money and stay "efficient" in a cooling economy. The layoffs are hitting various departments, includin

A new report released today shows that midsize American businesses have seen the taxes they pay on imported goods triple over the last year. These companies, which employ nearly 50 million people across the country, are struggling to keep up with the rising costs. Many are being forced to make tough choices, like raising prices for their customers or putting a freeze on hiring new staff to balance the books. Researchers found that these businesses are starting to move their s

The US economy hit a bit of a speed bump at the end of last year, growing at just a 1.4% annual rate from October through December. This is a big drop from the much faster pace we saw during the summer and fall, mostly because both the government and regular shoppers started pulling back on their spending. While things haven't come to a halt, the slowdown was more than what most experts were expecting to see. Even with that late-year dip, the economy still grew by about 2.2%