Breaking News: Economy Archives

2024-12-18

Fears over inflation, tariffs cloud the economic outlook, CNBC survey found

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024. Annabelle Gordon | Reuters Respondents to the CNBC Fed Survey for December are sure the Federal Reserve will cut rates on Wednesday, but they are less sure whether…

2024-12-17

Majorities in poll give Trump green light for some controversial policies

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President-elect Donald Trump dances after speaking during the Fox Nation’s Patriot Awards at the Tilles Center in Greenvale, New York, Dec. 5, 2024. Heather Khalifa | AP Americans say they are ready to support President-elect Donald Trump in his second term, and majorities give a green light to some of his controversial promises on the campaign trail, according to…

2024-12-16

Why it’s getting harder to get a free first-class flight upgrade

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Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018. Jeff Greenberg | Universal Images Group | Getty Images Cheap seats aren’t enough for airline passengers anymore. Since the pandemic, travelers have shown airlines that they’re willing to pay up to sit at the relatively spacious front of the cabin….

2024-12-06

JetBlue cuts more unprofitable routes, tweaks Europe flights

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Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty Images JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying aircraft outfitted with its…

2024-10-25

Boeing machinists reject new labor contract, extending more than 5-week strike

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Boeing workers from the International Association of Machinists and Aerospace Workers District 751 attend a rally at their union hall during an ongoing strike in Seattle, Washington, U.S. October 15, 2024. David Ryder | Reuters Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than…

2024-10-21

Why inflation may look like it’s easing but is still a huge problem

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A family shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Just because the Federal Reserve is nearing its inflation goal doesn’t mean the problem is solved, as the high price of goods and services across the U.S. economy continues to pose a burden for individuals, businesses and…

2024-10-18

Retail sales rose 0.4% in September, better than expected; jobless claims dip

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Consumer spending held up in September, underscoring a resilient economy that is now getting a boost from the Federal Reserve, the Commerce Department reported Thursday. Retail sales increased a seasonally adjusted 0.4% on the month, up from the unrevised 0.1% gain in August and better than the 0.3% Dow Jones forecast, according to the advance report. Excluding autos, sales…

2024-10-17

United Airlines (UAL) 3Q 2024 earnings

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A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast higher airfares into 2025. United…

2024-10-14

Boeing to cut 17,000 jobs as losses deepen during factory strike

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Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also push back the long-delayed launch…

2024-10-14

TSLA, WFC, JPM, FAST and more

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Business

Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled nearly 9% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete against ride-sharing companies, such as…

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Tag: Breaking News: Economy

Why it’s getting harder to get a free first-class flight upgrade

JetBlue cuts more unprofitable routes, tweaks Europe flights

Boeing machinists reject new labor contract, extending more than 5-week strike

Why inflation may look like it’s easing but is still a huge problem

Retail sales rose 0.4% in September, better than expected; jobless claims dip

United Airlines (UAL) 3Q 2024 earnings

Boeing to cut 17,000 jobs as losses deepen during factory strike

TSLA, WFC, JPM, FAST and more

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