Why are there so many jobs when there's talk about a possible recession?
One idea is labor hoarding. That's where employers hold onto more staff than they need. That's because the costs of rehiring are so high.
Business
Senate panel hearing targeted Southwest Airlines holiday travel meltdown
Southwest Airlines was on the hot seat during Thursday's Senate panel hearing. Senators had a lot of questions about the airline's Christmas meltdown.
Southwest Airlines was in the hot seat at a Senate hearing over its recent meltdown
A Senate hearing Thursday explored the causes and impacts of recent air travel disruptions. Some Democrats called for an airline passengers bill of rights that would include big payouts for delays.
Google shares drop $100 billion after its new AI chatbot makes a mistake
Google's Bard, an answer to Microsoft's ChatGPT, delivered a factual error in a search demo that the company shared widely. That sent Alphabet's market value plummeting this week.
Following the U.S., Australia says it will remove Chinese-made surveillance cameras
Australia will remove surveillance cameras made by Chinese Communist Party-linked companies from its buildings, the government said Thursday after the U.S. and Britain made similar moves.
Morning news brief
Turkey's president admits there were problems with his government's initial quake response, President Biden takes his message on the road, Florida lawmakers aim to end Disney World's self-governance.
Lawmakers in Florida move to end Disney's special self-governing status
Florida Republicans are advancing legislation that could end Disney World's special status following a spat with the company over its criticism of the so-called "Don't Say Gay" law.
Amid sharp interest rate hikes, credit card balances can be costly for consumers
Americans have blasted through their pandemic savings and are increasingly turning to credit cards to sustain their spending. But keeping a balance on a credit card is getting more expensive.
Southwest's COO will tell senators 'we messed up' over the holiday travel meltdown
NPR obtained Chief Operating Officer Andrew Watterson's prepared testimony for his scheduled appearance before a Senate committee to discuss what led to thousands of flights being canceled.
Disney's Bob Iger is swinging the ax as he plans to lay off 7,000 workers worldwide
Returning CEO Bob Iger is making a statement to his board about the company's finances moving forward.