BUSINESSBATON ROUGE BUSINESS REPORT
Roundup: Atomic waste / Consumer confidence / Visa cuts 2,600 jobs
Five U.S. states explore nuclear waste management initiatives to attract investment and jobs, while consumer confidence declines due to rising gas prices and inflation concerns. Visa cuts 2,600 jobs as AI reshapes its operations, joining other companies restructuring for efficiency.
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Adjacent reporting
- US tech groups cut 140,000 jobs despite AI spending boom
- US employers pull back on hiring in June amid elevated inflation, global turmoil
- US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February
- America In Focus: consumers still gloomy about economy; US hiring falls in June
- US Yields Near 2007 Highs; AI Push Fuels Job Cuts | Bloomberg Brief 5/19/2026