Author: Press Room

For about a year now, the labor market has existed in a state of eerie calm: Not many people were losing their jobs or quitting, but not many of those seeking work were getting job offers.The mass layoffs now underway across the federal government, along with its employees who are voluntarily heading for the exits, could disrupt that uneasy equilibrium.While unemployment is relatively low at 4.1 percent, those losing their positions could face a difficult time finding work, depending on how well their skills translate to a private sector that does not seem eager to hire.“Federal workers all across the…

Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to increase crude production. Alexander Novak said that while Opec+ would proceed with a plan to start pumping more oil in April, the group could “always play in the other direction” if the market became oversupplied. In response, the price of benchmark Brent crude, which has been sinking since mid-January on concerns over too much supply and the outlook for global economic growth, rose as much as 2.8 per cent to more than $71 a barrel, and was later trading at about…

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.Revolut and Visa have filed legal challenges against the UK’s Payment Systems Regulator, with the companies arguing that the watchdog has overstepped its powers with a proposed cap on international digital transaction fees.The move adds to pressure on the PSR as the government reviews the country’s regulatory landscape in a bid to cut red tape and boost growth. The regulator attracted ire from industry and politicians over controversial fraud reimbursement measures last year, fuelling speculation that its powers could be reined…

Dangerous pathogens left unsecured at labs across Africa. Halted inspections for mpox, Ebola and other infections at airports and other checkpoints. Millions of unscreened animals shipped across borders.The Trump administration’s pause on foreign aid has hobbled programs that prevent and snuff out outbreaks around the world, scientists say, leaving people everywhere more vulnerable to dangerous pathogens.That includes Americans. Outbreaks that begin overseas can travel quickly: The coronavirus may have first appeared in China, for example, but it soon appeared everywhere, including the United States. When polio or dengue appears in this country, cases are usually linked to international travel.“It’s actually…

Democrat Al Green was punished for heckling the president, and Devarjaye “DJ” Daniel has undergone a number of surgeries. Test your knowledge of the major stories driving the news this week with the Fox News Digital News Quiz.Looking for more? Democrat Tiffany Henyard received a shocking number of votes in our previous week’s News Quiz.Test yourself on film feats, basketball battlegrounds and sizzling speeches in this week’s American Culture Quiz.CLICK HERE TO DOWNLOAD THE FOX NEWS APPIf you’re looking to play even more, you can find all of our quizzes by clicking here.Check back next week for the latest News Quiz…

Pamela Anderson’s team is reacting to claims Meghan Markle copied the actress with her new lifestyle show, “With Love, Meghan.”Anderson released her own show, “Pamela’s Cooking with Love,” in February, while Markle’s hit Netflix on March 4. Some claimed Markle’s show seemingly matched the “Baywatch” star’s, sometimes “frame-for-frame.”However, Anderson’s show co-creator did not seem to mind the accusations.”We take pride in planting the first seeds – creating original, distinctive programming that audiences love – and it’s a compliment to see our work with Ms. Anderson resonate so strongly,” Anderson’s producer, Jesse Fawcett, told the Daily Mail.MEGHAN MARKLE IN ‘DIRE SITUATION’…

Jerome H. Powell, chair of the Federal Reserve, said the central bank is focused on the “net effect” of President Trump’s sweeping economic agenda amid high uncertainty about which policies will actually be enacted, as he reiterated that officials are still not in a “hurry” to adjust interest rates.“As we parse the incoming information, we are focused on separating the signal from the noise as the outlook evolves,” Mr. Powell said at an event on Friday. “We do not need to be in a hurry, and are well positioned to wait for greater clarity.”If inflation stays sticky but the economy…

A New Jersey police officer is being hailed as a hero after he risked his life by pulling an unconscious driver from a fiery wreck on Wednesday. Dramatic bodycam footage shows New Jersey police officer Noah Allat reaching into the driver’s seat of a sedan and plucking its driver to safety after the vehicle smashed into a tanker truck and burst into flames.Seconds earlier, Allat arrives on the scene and finds a man injured on the road, dazed and holding his knee. There, the injured person tells Allat that there was someone else in the Hyundai Elantra at the time of…

A tech industry veteran, Mike McCue sees an opening for a different kind of internet where algorithms don’t call the shots. Mr. McCue, the chief executive of the internet company Flipboard, is challenging social media’s automated grip on our attention, betting that humans, not machines, should curate online experiences.Three decades ago, as vice president of technology at the groundbreaking tech company Netscape, Mr. McCue helped democratize information access through the World Wide Web. Now, he’s positioning his company’s new Surf browser as part of a growing community of so-called decentralized social media options, alongside emerging platforms like Bluesky and Mastodon.The…

Every year, millions of dollars in credit card rewards go unclaimed — money that could be covering travel, everyday expenses, or even cash back in your pocket. If you’re not redeeming those rewards, you’re leaving money on the table.As someone who leverages credit card rewards, I was somewhat surprised by the recent Bankrate survey revealing that 25% of Americans didn’t redeem their rewards last year.That represents big money. For example, in 2022, consumers using general-purpose credit cards from major issuers earned more than $40 billion in rewards, according to a 2024 Consumer Financial Protection Bureau report. “Issuers forfeit, expire, revoke, or otherwise…