Scott Horsley
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Scott Horsley, NPR News, Washington.
It was the worst October for layoff announcements in more than two decades.
That's according to a monthly tally kept by Challenger Gray and Christmas, which helps companies manage job cuts.
employers announced plans to cut more than 150,000 jobs in October.
Tech companies and warehousing firms saw some of the biggest downsizing.
Reports like Challenger's are getting extra scrutiny these days because official government reports on the job market have been suspended by the federal shutdown.
Tesla investors are voting today on a proposed pay package that could reward CEO Elon Musk with up to a trillion dollars in stock.
The vote comes as part of Tesla's annual meeting in Austin, Texas.
Scott Horsley, NPR News, Washington.
Amazon shares jumped on Friday after the company reported better-than-expected sales and profits.
Amazon also says it's cutting about 14,000 corporate jobs as it plows more money into artificial intelligence.
China agreed to end its boycott of U.S.
soybeans and pause export limits on rare earth minerals after a meeting this week between President Trump and his Chinese counterpart.
Trump agreed to lower some tariffs, although imports from China are still being taxed at nearly 50%.
The Federal Reserve cut its benchmark interest rate by a quarter point this week, but cast doubt on whether rates will fall further in December.
For the week, both the Dow and the S&P 500 index rose more than seven-tenths of a percent, while the tech-heavy Nasdaq jumped two and a quarter percent.
Scott Horsley, NPR News, Washington.
Amazon shares jumped on Friday after the company reported better-than-expected sales and profits.
Amazon also says it's cutting about 14,000 corporate jobs as it plows more money into artificial intelligence.