A rail traffic stoppage could freeze almost 30 percent of US cargo shipments by weight, stoke inflation and cost the US economy as much as $2 billion per day.

Washington grants its oil giant Chevron Corp an exemption from Venezuelan sanctions.

A US freight rail strike could cost the economy $1 billion in the first week of the strike, data shows.

The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labor market conditions, which remain tight.

The US' largest railroad labor union votes down a tentative contract deal reached with management, raising the likelihood of a strike.

Amazon has unveiled plans to lay off 10 thousand employees in corporate and technology jobs amid a “worsening macroeconomic environment”, as inflation in the United States is at a 40 year record high.

The US Treasury chief warns that lawmakers' failure to raise the statutory limit on US debt poses a ‘huge threat’ to the nation's economy.