The U.S. Senate voted to repeal President Trump's tariffs on Brazil, with five Republicans siding with Democrats. However, the House will not vote on this decision, and President Trump is not expected to approve it.
Key Facts
The Senate vote to repeal the Brazil tariffs was 52 to 48.
Five Republican senators joined all Democrats in voting for the repeal.
The five Republicans were Lisa Murkowski, Susan Collins, Mitch McConnell, Rand Paul, and Thom Tillis.
The House Speaker, Mike Johnson, will not allow a vote on the measure.
President Trump is not expected to sign the repeal into law.
This was the third time Democrats tried to end Trump's tariffs.
Previous efforts included attempts to repeal tariffs on Canada and a 10% general tariff.
The Federal Reserve is expected to lower interest rates to help with hiring and reduce borrowing costs. Fed Chair Jerome Powell will provide an update after the meeting. The U.S. economy faces challenges with a slow job market, ongoing inflation, and a government shutdown impacting economic data.
Key Facts
The Federal Reserve plans to cut its key interest rate, possibly signaling another cut in December.
This would be the second interest rate cut this year.
Lower interest rates can reduce borrowing costs for mortgages and car loans.
The U.S. economy is experiencing slow hiring and high inflation.
The Federal Reserve is making decisions with limited data due to a government shutdown.
Approximately 750,000 federal workers are affected by the shutdown, which might reduce consumer spending.
The current interest rate is 4.1%, and a cut to 3.9% is expected.
The economy heavily relies on investments in artificial intelligence infrastructure.
A group of seven foundations has created a Literary Arts Fund to support independent publishers and writing nonprofits with at least $50 million over the next five years. The Andrew W. Mellon Foundation, a major arts supporter, initiated the fund. The fund aims to help literary organizations, which received a small share of arts grants in the U.S.
Key Facts
The Literary Arts Fund will provide a minimum of $50 million over five years.
It was initiated by the Andrew W. Mellon Foundation, a key supporter of the arts.
The fund aims to support independent publishers and nonprofits focused on writing.
The application process for the fund begins on November 10.
Seven foundations, including the Ford Foundation and MacArthur Foundation, are backing the fund.
A 2023 study showed literary organizations received less than 2% of $5 billion in U.S. arts grants.
Jennifer Benka will oversee the fund's project, with a wide range of potential recipients.
Amazon plans to lay off 14,000 workers, which is about 4% of its workforce. This move is part of a larger trend where companies in the U.S. are looking to increase profits without hiring more employees.
Key Facts
Amazon is cutting 14,000 jobs, which is 4% of its staff.
This strategy is part of a larger trend among U.S. companies.
Many companies believe they can boost profits even with fewer workers.
The focus is on growth without expanding the workforce.
These changes are part of efforts to maximize financial gains.
A website acts like a matchmaking service to connect farmers who want to sell their land with people looking to buy it. This is becoming more popular as it helps ensure the land continues to be farmed responsibly.
Key Facts
The website functions like an online market where farmers meet potential buyers.
This service aims to ensure the land remains in capable hands and continues being used for farming.
The concept is part of a larger trend in the agriculture industry.
The service helps landowners find buyers who value farming.
Ensuring responsible stewardship of the land is a key focus of this approach.
U.S. shoppers are predicted to spend a record amount of money on Halloween this year. People are focusing on planning ahead and finding joy through their spending.
Key Facts
Shoppers in the U.S. are expected to spend more on Halloween this year than ever before.
Spending includes items like costumes, decorations, and candy.
People are planning their purchases well in advance.
The focus for many shoppers is on finding joy in their Halloween celebrations.
The increase in spending is expected despite any economic challenges.
The information comes from a report discussed on "All Things Considered."
Janet Hadar has been appointed as the new chief operating officer (COO) of the University of Alabama at Birmingham (UAB) Health System. She will start her role on January 12, 2026, and will oversee various operations within the health system. Hadar brings over twenty years of experience from UNC Health, where she previously served as president and CEO.
Key Facts
Janet Hadar will become the COO of UAB Health System, beginning January 12, 2026.
UAB Health System is the largest in Alabama, with 133 locations and over 30,000 staff.
The health system cares for nearly 1.4 million patients and includes UAB Hospital, UAB Medical West, and others.
UAB recently acquired St. Vincent’s Health System, increasing its bed count to 3,173.
Hadar previously led UNC Health, where she expanded mental health services and managed large investments in medical infrastructure.
Her educational background includes a nursing degree, a master's in nursing, and an MBA.
UAB Health System CEO Dawn Bulgarella praised Hadar's leadership and expertise.
OpenAI is restructuring into a public-benefit corporation, and Microsoft is taking a 27% ownership stake, valuing OpenAI at $500 billion. This change gives OpenAI more freedom in its business and eases restrictions that had limited its ability to get funding since 2019. Microsoft has invested heavily in OpenAI and the new deal links the companies until at least 2032.
Key Facts
OpenAI is becoming a public-benefit corporation, valued at $500 billion.
Microsoft will have a 27% stake in OpenAI, worth about $135 billion.
The restructuring gives OpenAI more freedom, easing past funding restrictions.
Microsoft has invested $13.8 billion in OpenAI, seeing a significant return.
The deal extends until 2032, allowing Microsoft some rights over OpenAI's work.
OpenAI's ChatGPT service is very popular, having over 700 million users weekly.
OpenAI's nonprofit arm, OpenAI Foundation, will control the new structure.
OpenAI agreed to buy $250 billion in Microsoft Azure cloud computing services.
Sutter Health reached a new contract agreement with over 4,700 frontline workers in Northern California, avoiding a planned strike. The new agreement includes a 14% raise and addresses issues like staffing and working conditions. The contract was approved by a large majority of workers.
Key Facts
Sutter Health and SEIU-UHW reached an agreement to avoid a strike.
The contract was approved by more than 4,700 workers.
The planned strike was set for October 20 to October 24.
The new contract includes a 14% raise for frontline workers.
The agreement aims to improve working conditions and staffing.
Sutter Health's full-time union employees earn about $75,000 annually.
The contract protects health care and retirement benefits.
Staffing issues were a major concern, with workers having to take on multiple roles.
Walmart announced its 2025 Black Friday shopping events, with discounts up to 60% on various brands. The retailer will have two main promotional events in November and one online-only event in December. Walmart's strategy aims to attract budget-focused shoppers during a period of economic caution.
Key Facts
Walmart will hold two main shopping events for Black Friday in November and a Cyber Monday event on December 1.
The first event will run from November 14-16, available both online and in stores.
The second event is from November 25-30, with the initial days online-only, and later both online and in-store.
Walmart+ members can access deals online five hours earlier than others.
The first event includes deals like a discounted TCL QLED 4K Google TV, Barbie Malibu Travel Playset, and Calvin Klein Obsession 3 Perfume.
Retailers emphasize discounts this year due to inflation concerns and consumer caution.
Walmart expects its annual net sales to increase by 3.75% to 4.75% for the fiscal year ending February 1.
Over 23,000 URMYWO baby loungers sold on Amazon have been recalled due to safety risks. The loungers do not meet safety standards, posing a danger of suffocation and fall hazards for infants. Customers who bought these loungers can get a refund by following specific instructions.
Key Facts
More than 23,000 baby loungers were recalled due to safety concerns.
The U.S. Consumer Product Safety Commission identified the loungers as violating safety standards.
The loungers’ sides were too short, and the sleeping pads were too thick, posing suffocation risks.
Babies could fall out or become trapped in these loungers.
The loungers were sold on Amazon from November 2024 to August 2025.
Affected styles include various themes like zoo animals, dinosaurs, and more.
Customers can receive a refund by destroying the product and submitting proof via email.
Seven philanthropic foundations have set up a Literary Arts Fund to provide financial support to nonprofit literary organizations. The fund plans to distribute at least $50 million in grants over the next five years to help these groups, which have seen reduced federal funding. Applications for these grants will open on November 10.
Key Facts
A new fund called the Literary Arts Fund will distribute $50 million in grants.
The fund is aimed at supporting nonprofit literary arts organizations.
The grants will be available over the next five years.
The fund was organized in response to cuts in federal funding for the arts.
The Mellon Foundation started the fund with contributions from other foundations.
Applications for the fund open on November 10.
The literary arts often receive less funding compared to other artistic fields.
Candid’s study shows only 1.9% of arts grants went to literary arts in 2023.
In October, consumer confidence in the U.S. fell slightly as people worried about their financial future. Inflation remains high, and job growth is slowing, which may affect economic stability. Companies like Amazon and Target announced layoffs as they adjust to changing economic conditions.
Key Facts
The consumer confidence index dropped by 1 point to 94.6 in October.
Americans’ short-term financial expectations fell to 71.5, which is below the level that might signal a recession.
Inflation increased to 3% in September from a year earlier, according to the Labor Department.
The Federal Reserve plans to cut interest rates amid concerns about the job market.
The latest U.S. jobs report showed 22,000 jobs were added in August, with revisions removing 258,000 jobs from previous estimates.
Recently, companies such as Amazon and Target announced plans to cut a significant number of jobs.
Plans to buy new or used cars rose, while home purchase plans slightly declined.
Shein, a Chinese online retail company, is opening its first permanent store in Paris on November 1. This decision has sparked criticism in France, with many arguing that Shein's fast-fashion approach conflicts with the country's focus on craftsmanship and sustainability.
Key Facts
Shein plans to open a store inside Paris's iconic BHV department store.
Many French brands have pulled out of BHV in protest, and some customers are upset.
BHV is owned by Société des Grands Magasins, which is bringing Shein to other French stores.
A group called "Une Autre Mode Est Possible" opposes Shein’s arrival and started a petition with over 100,000 signatures.
Paris City Hall and its deputy mayor for sustainability have voiced opposition to Shein.
Reports claim poor working conditions in Shein’s factories in China.
Paris Mayor Anne Hidalgo criticized Shein’s store as going against the city's values.
Slate, a new car manufacturer, announced that it will provide 4,000 service locations for its vehicle owners from the start. The company will work with RepairPal, a network of certified auto repair shops, to support these services. Slate also plans to educate customers and service providers through an initiative called Slate University.
Key Facts
Slate will offer 4,000 service locations for its vehicles when they launch.
The company has partnered with RepairPal to provide certified repair services.
Slate plans to sell vehicles directly to consumers, not through traditional dealerships.
In 2024, Yelp bought RepairPal for $80 million.
Slate University will provide information and training for both customers and service providers.
The service locations will include the ability to install Slate accessories.
Slate vehicles can use the Tesla Supercharger network for charging.
More than 100,000 reservations for Slate's vehicles have already been made.
Amazon is laying off about 14,000 corporate employees, focusing on reducing overhead and adjusting its workforce post-pandemic. The company is using artificial intelligence and a simplification strategy to streamline operations. The job cuts reflect Amazon's response to changed market conditions after increased hiring during the COVID-19 pandemic.
Key Facts
Amazon confirms the layoff of 14,000 corporate workers.
Initial media reports suggested up to 30,000 job cuts might happen.
CEO Andrew Jassy cited AI technology as a factor in needing fewer employees.
Amazon hired significantly during the COVID-19 pandemic due to increased online shopping.
The current layoffs are aimed at reducing overhead and increasing efficiency.
Jassy launched a "Bureaucracy Mailbox" to gather employee suggestions for reducing inefficiencies.
Job cuts represent about 4% of Amazon's 350,000 corporate employees.
Maintaining fewer managers overseeing more employees is part of the efficiency strategy.
Amazon is laying off approximately 14,000 corporate workers, which is about 4% of its workforce. The company is doing this to focus on artificial intelligence (AI) and respond to pressure from investors to improve finances.
Key Facts
Amazon announced it will cut around 14,000 corporate jobs.
The layoffs amount to about 4% of Amazon's total workforce.
The company aims to reduce bureaucracy and focus on AI development.
Investors have pressured Amazon to tighten its financial performance.
Amazon expanded its workforce significantly during the pandemic.
Amazon reported slower AI business growth compared to competitors like Microsoft.
Amazon's AWS service recently experienced a major outage affecting many websites and apps.
Other companies like Starbucks and Target have also recently announced layoffs.
Amazon announced it will cut 14,000 corporate jobs to reduce bureaucracy and adapt to an era increasingly influenced by artificial intelligence (AI). The company aims to be more efficient and continue innovating as AI technology evolves.
Key Facts
Amazon plans to cut 14,000 corporate jobs.
The decision is part of an effort to reduce bureaucracy.
The company wants to be more flexible in response to new AI advancements.
Amazon's senior VP mentioned that AI is causing major changes, like the Internet did in the past.
The company aims to streamline its structure with fewer management layers.
Amazon will continue hiring in some areas by 2026, even as it makes cuts elsewhere.
Amazon is planning to let go of 14,000 corporate employees as it increases investment in artificial intelligence. The company is focusing on AI to drive future growth and has already started large projects to expand its AI capabilities. This move is part of Amazon's strategy to compete with other tech firms in the AI field.
Key Facts
Amazon will cut about 14,000 corporate jobs.
The company is increasing spending on artificial intelligence.
CEO Andy Jassy has been focusing on cutting costs since 2021.
Amazon plans to invest $10 billion to build a campus in North Carolina for AI and cloud computing.
The company is competing with other tech giants like OpenAI, Google, Microsoft, and Meta.
Employees affected by job cuts will have 90 days to find another role within the company.
Amazon has about 350,000 corporate employees.
The cuts represent roughly a 4% reduction of Amazon's corporate workforce.
United Parcel Service (UPS) announced it cut 48,000 jobs in the first nine months of 2025. These reductions were mainly in management and operational roles and were part of cost-saving measures. UPS reported earnings that exceeded Wall Street forecasts for the third quarter.
Key Facts
UPS has cut 48,000 jobs as of the first nine months of 2025.
Of these, 14,000 were management positions.
The remaining 34,000 reductions affected operational roles, including logistics and delivery.
The layoffs were part of UPS’s ongoing efforts to save costs.
The company has saved about $2.2 billion as a result of these measures.
UPS reported third-quarter revenues of $21.4 billion.
The company’s earnings per share were $1.74, above Wall Street expectations.
