Amazon cuts jobs in artificial-general-intelligence group amid continued AI investment
Amazon cut jobs in its artificial-general-intelligence group, Reuters reported July 22, but the company has not disclosed how many employees were affected.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
-
-
Tallapoosa, Haralson County announce 1,000-acre industrial site after rezoning and annexation
Tallapoosa City Council approved rezoning for 1,000 acres on May 11, expanding the announced industrial-development area to 1,600 acres. No development partner has been contracted.
-
Pennsylvania awards $2 million for Connellsville mixed-use medical and commercial facility
A $2 million state award will support a planned mixed-use facility along Route 119 North in Connellsville, including urgent care, medical offices, retail and office space.
-
St. Cloud weighs $60 million downtown mixed-use project
St. Cloud officials discussed a proposed $60 million downtown project backed by a $6.25 million CRA contribution as debate grows over taxes and development.
-
Master Wall Expands Manufacturing and Headquarters Operations in Columbus
Master Wall Inc. announced a new manufacturing facility and headquarters in Columbus, adding a locally identified industrial and business-development project.
-
Thomson Reuters to Sell 51% of Global Print Business to KKR for About $500 Million
Thomson Reuters expects about $500 million in gross proceeds while retaining a 49% stake, intellectual-property rights and editorial control.
-
U.S. and Uzbekistan Announce Early Trade Deal Step as Talks Accelerate
The United States and Uzbekistan announced an early harvest in reciprocal trade and investment discussions as USTR pursued additional negotiations in August 2026.
-
IMF: UAE Economy Absorbed Middle East Conflict Shock, but Credit and Real Estate Are Cooling
The IMF said the UAE economy remained resilient during the Middle East conflict, while tighter liquidity, slower private-sector credit growth and moderating real-estate activity emerged as pressure points.
-
FIFA Opens Consultation on Commercial Subsidiary to Manage World Cup and Tournament Rights
FIFA is consulting its 211 member associations and the FIFA Council on a proposed subsidiary that would consolidate commercial rights and event operations for all FIFA-owned competitions.
-
Verizon Reports Record Second-Quarter Results, Raises 2026 Guidance and Buyback Target
Verizon reported 184,000 postpaid phone net additions in the second quarter, raised its full-year guidance for the second consecutive quarter and increased its share-buyback target to as much as $4.5 billion.
-
Gallup: Workplace AI Adoption Rose Six Points in Q2, but Most Jobs Have Not Been Redesigned
Gallup says U.S. organizations expanded their use of artificial intelligence in the second quarter of 2026, while most employees still viewed it as support for existing work.
-
Upwork report says AI is reshaping U.S. skilled freelance work and the value of expertise
Upwork’s 2026 Future Workforce Index uses survey and marketplace data to examine how AI is changing skills, contracts and earnings among skilled U.S. freelancers.
-
USDA expands disaster aid and commodity-loan support under Farmers First changes
USDA announced higher livestock-loss payments, broader eligibility and increased marketing-assistance loan support for eligible producers nationwide.
-
Ascend Elements agrees to pay $7.5 million over alleged misuse of DOE battery grant funds
Ascend Elements agreed to pay $7,497,555.65 to resolve allegations that it submitted inflated reimbursement claims for a Department of Energy-funded battery project in Kentucky.
-
U.S. mortgage rates rise for a fifth straight week to a one-year high
Average long-term U.S. mortgage rates climbed for a fifth consecutive week, reaching their highest level in just over a year and adding pressure to homebuyers.
-
OCC Rule Clarifying National Banks’ Authority to Charge Non-Interest Fees Takes Effect
A new OCC interim final rule clarifies that national banks may impose non-interest charges, including interchange fees tied to credit- and debit-card activity.
-
Platforms Become the Leading Global News Source as TV and Publisher Sites Lose Reach
The Reuters Institute’s 2026 Digital News Report finds social-media and video networks now reach more people for news than television or publisher websites and apps, with major implications for news distribution and revenue.
-
Fed report puts May inflation at 4.1% as tariffs and energy disruption weigh
The Federal Reserve said U.S. inflation accelerated sharply through May, with energy prices up 24% and overall PCE inflation well above the central bank’s 2% objective.
-
South Carolina employment reaches record as unemployment falls to 4.4%
South Carolina reported record employment of 2,554,577 working residents in June, while the unemployment rate fell to 4.4%. More than 86,000 jobs were listed statewide.
-
Rhode Island directs $28 million winter electric-bill credit proposal
An executive order from Gov. Dan McKee directs the state energy office to seek a $28 million residential electric-bill credit as energy-assistance calls surge.
-
Oregon job vacancies held steady as unemployment remained at 5.2%
Oregon private job vacancies were unchanged in the second quarter of 2026, while the statewide unemployment rate stood at 5.2% in June.
-
Texas orders new protections for residential ratepayers as data-center demand strains the grid
Gov. Greg Abbott directed Texas regulators to make data centers pay for the electric infrastructure they need and to identify additional protections for residential and small-business customers.