The deepening economic slump was underscored by other data on Friday that showed production at industries collapsed last month at its deepest pace in 101 years. The reports, combined with a historic 20.5 million job losses in April, buttressed Federal Reserve Chair Jerome Powell’s warning on Wednesday of an “extended period” of weak growth and stagnant incomes.
The -dominant home goods retailer Bed Bath & Beyond has filed for bankruptcy protection after months...
Mark Zuckerberg’s Meta is laying off another 10,000 people and instituting a further hiring freeze as...
