DETROIT (AP) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers are mostly salaried but some blue-collar workers were affected. They were told of the moves early Friday. The company confirmed the layoffs in a statement but gave few…… MORE
WASHINGTON (AP) — Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said inflation is edging closer to the…… MORE
Ben & Jerry’s has sued its parent company Unilever accusing it of silencing the ice cream maker from making statements in support of Palestinians in the war in Gaza. The complaint filed Wednesday in federal court in New York says multi-national conglomerate Unilever has failed to adhere to its contractual obligations in merger and settlement…… MORE
(WBAP/KLIF) — CNN and NBC News both have projected that Republicans will retain control of the House of Representatives, gaining a trifecta of the House, Senate, and Presidency. Earlier on Wednesday, President-elect Trump met with President Biden at the White House, where Biden told Trump he’s looking forward to a “smooth transition” of power in…… MORE
(WBAP/KLIF) — WASHINGTON (AP) — Republicans have elected South Dakota Sen. John Thune as the next Senate majority leader, completing a momentous shift in their leadership that elevates a top deputy of Sen. Mitch McConnell into a key position as President-elect Donald Trump returns to the White House. Thune, who is 63 and in his…… MORE