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ALUMINUM INDUSTRY LAYOFFS
US manufacturing activity scales four-year high in May, ISM saysAmerican manufacturing saw a significant boost in May, reaching its highest point in four years. Businesses are ordering ahead due to risin...
US weekly jobless claims increase moderately, labor market remains stableInitial jobless claims rose moderately to 211,000 last week, indicating a stable labor market despite rising inflation driven by energy pri...
Iran's economy has been battered. Its leaders still think Trump will blink firstIran's economy faces severe disruption from U.S. and Israeli strikes. Factories are shut, leading to mass job losses and soaring prices for...
Trump's tariffs are adding steel mill jobs, and crushing American factoriesThis trade policy creates complex challenges for businesses navigating global supply chains and changing regulations.
Trump's tariffs could squeeze US factories, boost costs by up to 4.5 per cent, new analysis findsDonald Trump's tariff policies are under scrutiny. A new analysis suggests factory costs may rise. This could lead to wage stagnation or jo...
US services activity bounces back, treading water on jittersThe US services sector saw growth in June, rebounding from a previous contraction. The Institute for Supply Management reported the increas...
'You can’t fight a war without American steel': US declares economic war on Canada, the ally that armed it in WWII with steelAmerica has increased tariffs on steel and aluminum from Canada. This move has upset Canadian producers. It has also raised worries about N...
Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in JuneThe US workforce is facing significant job cuts in June 2025, following widespread layoffs in the first quarter. Reports suggest nearly 160...
Trump’s 50 percent tariff bombshell sparks cross-border chaos, industry panic, and fears of a new trade war with CanadaPresident Trump's decision to double tariffs on steel and aluminum imports has sparked concerns in Canada, with warnings of mass disruption...
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factoriesPresident Trump is set to sign an executive order easing some of the 25% tariffs on autos and auto parts, a move intended to boost domestic...
Trump to reduce impact of auto tariffs, Commerce secretary Howard Lutnick saysThe Trump administration is set to ease the impact of automotive tariffs by reducing duties on foreign parts used in domestic car manufactu...
US weekly jobless claims increase moderately amid low layoffsU.S. jobless claims edged up slightly to 222,000, indicating a resilient labor market despite economic uncertainties fueled by tariffs. The...
US job openings decline in February amid rising economic uncertaintyU.S. job openings fell by 194,000 to 7.568 million in February due to economic uncertainty from tariffs on imports. Layoffs rose to 1.790 m...
With car tariffs, Trump puts his unorthodox trade theory to the testWhile domestic production might increase in the long term, experts warn of significant initial disruptions, price hikes, and possible globa...
Canada steel, aluminum plants lay off workers due to US tariffsHundreds of Canadian workers in steel and aluminum sectors have been laid off due to U.S. tariffs imposed by President Trump. The job losse...
US equity market faces turbulence amid economic warning signalsThe US stock market faces rising risks as overvaluation, slowing earnings, inflation, and trade tensions create uncertainty. The Magnificen...
Trump escalates U.S.-Canada trade war: Doubles tariffs on Canadian steel & aluminum to 50% after Ontario's electricity surcharge; Plans more economic measuresTrump doubles tariffs on Canadian steel and aluminum to 50%, escalating trade tensions between the U.S. and Canada. This decision comes aft...
Trump moves with dizzying speed on his to-do list. But there are warning signs in his first monthPresident Trump's first month of his second term has seen major shakeups in federal employment, social policy, and economic measures. Thous...
As layoffs spare engineers, startups in Bengaluru remain upbeatThe industry sources say there are 9,000 layoffs already in two weeks in Bengaluru alone. The layoffs are coming in the operations team, HR...
- US jobless rate at 16-year high as payrolls plunge
US lost 524,000 jobs in December, making last year’s collapse in employment the worst since the end of World War II and underscoring the se...