Ginny Koselda

The cuts are expected to impact more than 4,000 employees.

In a post to staff, Dorsey said the decision isn't because the company's in trouble.

He's wrestled with whether to cut gradually over months or years as the shift plays out, or be honest about where we are and act on it now.

He chose the latter.

Ginny Koselda, Fox News.

New claims for unemployment benefits rose slightly last week to 212,000.

Economists were predicting 215,000.

The previous week's claims were revised higher to 208,000, though claims remain in the range of a healthy job market.

Those remaining on benefits continuing claims declined to 1.83 million.

Continuing claims were estimated at 1.85 million.

That reading hit a 52-year low of 1.3 million in June of 2022.

The February employment report will be released by the Labor Department on Friday, March 6th.

Ginny Koselda, Fox News.

JPMorgan Chase Institute says tariffs paid by midsize U.S.

firms tripled last year.

Researchers used payments data to look at businesses that might lack the pricing power of large multinational companies to offset tariffs, but may be small enough to quickly change supply chains to minimize exposure.

The analysis also suggests the administration's goal of reducing reliance on Chinese manufacturers has been occurring.

Deere, the maker of heavy machinery and agricultural equipment, says its profit was dragged down by tariffs and weaker demand in recent months, but it sees signs of recovery for its farm and construction businesses this year.

Ginny Koselda, Fox News.

Uber is expanding their rideshare services.