Economy Archives - Page 3 of 7

2024-10-03

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to cause only modest broader impacts — so long as it doesn’t drag on for too long. Manufacturers of everything from trucks to toys to artificial Christmas trees face obstacles now that the…

2024-10-02

East Coast ports strike, ILA union work stop strands billions in trade

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Workers picket outside of the APM container terminal at the Port of Newark in Newark, New Jersey, US, on Tuesday, Oct. 1, 2024. Bloomberg | Bloomberg | Getty Images Billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen’s Association, or ILA, began walking off the job…

2024-10-01

Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’

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Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller. The central bank chief asserted during a speech in Nashville, Tennessee, that he and his colleagues will seek to balance bringing…

2024-10-01

Harris leads with Latino voters, but the economy narrows the margin for Dems: Survey

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Democratic presidential nominee and U.S. Vice President Kamala Harris speaks onstage during a campaign event, in Las Vegas, Nevada, U.S., September 29, 2024. Kevin Lamarque | Reuters The economic woes from inflation look to have accelerated a shift of Latino voters toward Republicans, cutting in half a Democratic lead with a critical voting group in the lead up to…

2024-09-30

Are immigrants taking jobs from U.S. workers? Here’s what economists say

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The first debate between Vice President Kamala Harris and former President Donald Trump is shown on television at the Juventud 2000 migrant shelter in Tijuana, Mexico, on Sept. 10, 2024. Immigration has been a hot topic throughout the presidential campaign. Carlos Moreno/NurPhoto via Getty Images The idea that immigration has a negative impact on the U.S. job market is…

2024-09-30

Prices rise 2.2%, less than expected

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Inflation moved closer to the Federal Reserve’s target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday. The personal consumption expenditures price index, a gauge the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%,…

2024-09-28

The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?

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Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying attention. Despite the Fed…

2024-09-27

David Tepper’s big bet after the Fed rate cut was to buy ‘everything’ related to China

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Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve’s rate cut was to buy Chinese stocks. “I thought that what the Fed did last week would lead to China easing, and I didn’t know that they were going to bring out the big guns like they did,” Tepper told CNBC’s “Squawk Box” on Thursday….

2024-09-27

Inside Southwest’s plan for its future

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A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 7, 2023. Nicolas Economou | Nurphoto | Getty Images DALLAS — Southwest Airlines executives on Thursday outlined for Wall Street their vision to boost profits: extra legroom seats starting in 2026, assigned seating, international partnerships and overnight flights. Southwest’s new plan…

2024-09-26

‘America Forward’ tax credits will finance manufacturing revival

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Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024. Jim Watson | AFP | Getty Images Vice President Kamala Harris on Wednesday said she would work to usher in a U.S. manufacturing comeback, an appeal to the business community and an attempt to…

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Tag: Economy

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

East Coast ports strike, ILA union work stop strands billions in trade

Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’

Prices rise 2.2%, less than expected

The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?

Inside Southwest’s plan for its future

‘America Forward’ tax credits will finance manufacturing revival

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