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World’s ‘largest solar precinct’ approved by Australian government

NEWCASTLE, Australia -- An ambitious plan to build a massive solar farm in remote northern Australia that would transmit energy by submarine cable to...

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

WASHINGTON -- The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face...

Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its...

Blink Fitness, an affordable gym operator, files for Chapter 11 bankruptcy

NEW YORK -- Gym operator Blink Fitness has filed for Chapter 11 bankruptcy protection.Blink, an Equinox-owned chain with more than 100 locations, said Monday...

Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economy

Asian stocks were higher Friday after U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries...

Wall Street has best day since 2022 after encouraging update on US job market

NEW YORK -- U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the...

Microsoft hits back at Delta after the airline said last month’s tech outage cost it $500 million

Microsoft is joining cybersecurity software firm CrowdStrike in fighting back against Delta Air Lines, which blames the companies for causing several thousand canceled flights...

Financial markets around the world stabilize after recent rout. Here’s what to know

Markets on Wall Street and in Asia are stabilizing Tuesday following a mini-panic caused by an assortment of factors that stretched from late last...

Japan’s Nikkei 225 index plunges 7% as worries over US economy shake world markets

BANGKOK -- Japan’s benchmark Nikkei 225 stock index plunged as much as 7.1% early Monday before recovering some lost ground, extending sell-offs that began...

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around...

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

WASHINGTON -- The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight...

U.S. employers likely added 175,000 jobs in July as labor market cools gradually

WASHINGTON -- The U.S. job market isn’t sizzling hot anymore. Companies aren’t hiring the way they were a year or two ago. But they...

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