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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

Iran launches missile attack on Israel for Nasrallah killing

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Iran on Tuesday launched a ballistic missile attack on Israel in retaliation for its recent killing of Hezbollah leader Hassan Nasrallah and an Iranian commander in Lebanon. The attack came on the heels of Israel’s deployment of ground forces into south Lebanon, escalating its offensive on Hezbollah, the Iran-backed militant group. Most of the nearly 200 missiles were intercepted…

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

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…

2024-09-26

‘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…

2024-09-25

DOJ accuses Visa of monopoly that affects price of ‘nearly everything’

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Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American consumers and merchants paying billions of dollars in additional fees, according to…

2024-09-25

Novo Nordisk CEO testifies at Senate over weight loss drug prices

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Novo Nordisk‘s top executive faced a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand for both injections soars in the U.S. Novo Nordisk CEO Lars Fruergaard Jørgensen did not explicitly promise lawmakers at a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., that he would…

2024-09-22

Biden Fed Jay Powell meeting Oval Office

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Chairman of the Federal Reserve Jerome Powell (left) meets with President Joe Biden in the Oval Office on May 31, 2022. Saul Loeb | AFP | Getty Images President Joe Biden on Thursday said he had “never once spoken” to Federal Reserve Chair Jerome Powell while he was president. But the pair, joined by Treasury Secretary Janet Yellen, met…

2024-09-20

Neither Trump nor Harris secures union backing

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The International Brotherhood of Teamsters on Wednesday announced it will not formally endorse a candidate in the 2024 presidential election, ending months of speculation about whether the labor union would back Republican Donald Trump or Democrat Kamala Harris. The union’s general executive board said in a statement that its member polling showed no majority support for Harris, and no…

2024-09-19

Republican former officials endorse Harris over Trump

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Democratic presidential candidate Vice President Kamala Harris speaks at a campaign rally at the Bojangles Coliseum in Charlotte, North Carolina, on Sept. 12, 2024. Jim Watson | AFP | Getty Images More than 100 Republican former lawmakers and officials endorsed Democratic presidential nominee Vice President Kamala Harris in a letter, while warning that their own party’s candidate, former President…

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Tag: Joe Biden

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

Iran launches missile attack on Israel for Nasrallah killing

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

‘America Forward’ tax credits will finance manufacturing revival

DOJ accuses Visa of monopoly that affects price of ‘nearly everything’

Biden Fed Jay Powell meeting Oval Office

Neither Trump nor Harris secures union backing

Republican former officials endorse Harris over Trump

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