Germany’s second largest bank slashes 7,300 jobs

Germany’s second largest bank says it will slash thousands of jobs and stop paying a dividend amid a broad restructuring of its business. Commerzbank announced Thursday that total job cuts will reach 7,300 as it cuts back on investment banking activities and merges other parts of its business. The restructuring will cost an estimated 1.1 […]

Cuomo disputes Trump’s claim cops are ‘afraid’ to do their jobs

New York Gov. Andrew Cuomo disputed Monday Donald Trump’s assertion that police aren’t doing their job because they are afraid of being accused of racial profiling. “Our local police — they know who a lot of these people are. They are afraid to do anything about it because they don’t want to be accused of […]

Trump vs. Clinton: Recession vs. new jobs

Donald Trump’s agenda risks putting the U.S. economy in recession while Hillary Clinton’s plans would have a modest positive impact, a new analysis shows. Oxford Economics, a forecasting firm, put the two candidates’ proposals side by side and analyzed them. Its conclusion: Clinton would be better for the economy. If Trump implements all his policies […]

Hiring slows: America gains 151,000 jobs in August

American employers slowed down hiring in August. The U.S. economy added 151,000 jobs in August, a decent gain but a lot less than the 275,000 new jobs in July. The unemployment rate remained at 4.9%. It fell below 5% earlier this year for the first time since 2008. “Job growth in August was respectable though […]

August jobs report: What you need to know

It’s a big day for the U.S. economy and America’s central bank, the Federal Reserve. The Labor Department will publish the August jobs report at 8:30 a.m. ET. This employment report takes on extra importance because a Fed rate hike could be at stake. Economists surveyed by CNNMoney forecast that the economy added 175,000 jobs […]

Walmart cuts 7,000 jobs, promises to relocate workers

Walmart said Wednesday that it’s cutting 7,000 positions. The retail giant — which employs about 2.3 million workers worldwide — said in a statement that the cuts affect accounting and invoice jobs in its U.S. stores. The company said affected employees will have the option to work in another role at Walmart. Communications director Deisha […]

Trump says he can save these workers’ jobs – but they’re not supporting him

It’s a case of unrequited love between Donald Trump and Indiana’s blue collar workers. Trump says by getting tough on trade he could save American jobs at the Carrier manufacturing plant in Indianapolis. The company is known for manufacturing air conditioners, but it announced in February it would be moving its furnace operations to Mexico […]

‘Tide has begun to turn’ on middle class jobs

A major problem since America’s recovery from the recession has been the quality of jobs that have come back. For years, job growth was strongest in high-wage and low-wage jobs, hollowing out the growth of middle class positions. The decades-long trend of income inequality worsened after the recession. But the U.S. economy may now be […]

Cisco slashes up to 5,500 jobs

The hammer has fallen at Cisco. Cisco confirmed Wednesday that it will slash 5,500 jobs, or about 7% of its total workforce, to cut costs and make room for investments in trendy new areas like cloud computing and the Internet of Things. “Today’s market requires Cisco and our customers to be decisive, move with greater […]

Where the Green Party’s Jill Stein stands on jobs, taxes and more

Green Party candidate Jill Stein doesn’t command the kind of crowds and headlines that rivals Hillary Clinton and Donald Trump do. So many voters may not know where she stands on the issues. Stein, who is a physician, is set to participate in a CNN Town Hall Wednesday night where she plans to discuss her […]

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