Result Page 5 for Latest Economy & Markets News & Archive

Shipping containers are stacked as dockworkers are on strike in Port Newark on October 1, 2024 in New Jersey

Dockworkers' Strike Suspended As Tentative Agreement Reached

The International Longshoremen's Association launched a work stoppage on Tuesday.

Starbucks Opens 2 Innovation Farms In Effort To Protect Coffee Supplies

The farms in Costa Rica and Guatemala will work to mitigate the effects of climate change on coffee production.

US Dockworkers Launch Strike After Labor Contract Expires

A strike at the Port of Virginia "began at 12:01 am," the port said on its website, adding that talks between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) shipping group "have reached an impasse."

US Port Officials Gird For Strike Despite Last-minute Bargaining

Business group United States Maritime Alliance (USMX) announced late in the day that counter-offers had been exchanged with the International Longshoremen's Association (ILA), but tens of thousands of dockworkers could still walk off the job after midnight at the expiration of their six-year contract unless more concrete progress was made.

More news

Mortgage Refinance Boom Underway After Rates Fall

Rates are a full point lower than a year ago

Consumer Confidence Plunges In US As People Worry About Their Jobs

The decline was the largest since 2021.

Trump Media Stock Continues Sharp Plunge

The stock hit a high of $79.38 earlier this year but was trading below $14 a share on Friday morning.

Weak US jobs data for August fanned fresh worries about a recession in the world's number-one economy

US Jobless Claims Drop To Four-Month Low, Indicating Job Market Recovery

Unemployment claims in the U.S. dropped in 4th-month low, which signals better conditions in the job market.

Wall Street rose on AI optimism Thursday after the release of the personal consumption expenditures (PCE) price index offered traders some relief

Wall Street Shatters Records, Fueled by Fed's 'Jumbo Cut'

Fueled by the Federal Reserve's aggressive cut in the benchmark rate on Wednesday, Wall Street set all-time highs Thursday.

US-ECONOMY-HOUSING-REAL ESTATE_2166343840_091924_1

Existing Home Sales Plummet In August

Year-over-year, the average number of days homes remained on the market also increased.

Fed Cuts Key US Interest Rate By Half A Point, First Drop In 4 Years

The central bank's federal funds rate had been at a 23-year high.

The public finances are Barnier's prime concern

French Budgetary Situation 'Very Serious': Prime Minister

France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances.

The US Federal Reserve could cut interest rates by as much as 50 basis points

Fed begins two-day meeting set to end with rate cut

The US Federal Reserve began a two-day interest rate discussion on Tuesday that is all-but-certain to end with its first cut since March 2020, as inflation continues to ease.

A forecast-beating US retail sales report underlined the resilience of consumers in the face of elevated interest rates, dealing a blow to hopes for a cut by March

Retail sales top expectations as Fed prepares for rate cut

Consumer spending remained strong in August as U.S. retail sales beat expectations, lending more credibility to the Federal Reserve's pending reduction in interest rates.

White House National Economic Advisor Lael Brainard called for safeguards to protect gains made in the labor market

Top Biden Aide Says US Economy At 'Turning Point'

The US economy is at an "important turning point," the top economic advisor to President Joe Biden said Monday, calling for safeguards to be put in place to protect gains made in the labor market, ahead of a key Federal Reserve interest rate decision.

The Fed will likely weigh whether to move by 25 basis points, or 50

Questions Surround Fed's Interest Rate Cut Strategy

The one thing U.S. economists are counting on this week is a much-anticipated interest rate cut by the Federal Reserve. However, the fallout from Wednesday's expected move is not so certain.

SEC Fined Crypto Firms $4.68 Billion In 2024: Study

The federal regulatory agency said it carried out 11 enforcement actions in 2024, levying an average fine of $426 million

Consumer Sentiment Rises In US As Buying Conditions Improve

Shoppers are perceiving more favorable prices and they expect more improvements in the coming year.

Some analysts have called for the Fed to make an emergency rate cut

Wholesale Prices Clear The Way For Fed Rate Cuts

The U.S. economy appears to have cleared the final hurdle for the Federal Reserve to reduce interest rates next week with Thursday's data showing wholesale prices on target with projections.

Majority of American Millionaires Say They're 'Self-Made,' Don't Think They're Rich: Survey

Nearly 80% of American millionaires say that they are "self-made," however only about one third said that they would consider themselves wealthy.

McDonald's Extends $5 Meal Deal. Here's How Long It Will Stick Around

The summer promotion was originally only supposed to be for a month.

Power-generating windmill turbines are seen during sunset in Bourlon, France, February 23, 2021.

Trump Media Stock Falls, Solar Shares Heat Up In Wake Of Debate

While media pundits and undecided voters continue to argue the highs and lows of Tuesday night's presidential debate in Philadelphia, the stock markets are choosing the winners and losers Wednesday on Wall Street.

Smaller Clothing, Fewer Snacks: How Americans' Shopping Habits Are Changing Due To Weight-Loss Drugs

The popularity of medications including Ozempic and Wegovy has businesses scrambling to adapt to their thinner, less-hungry customers.

US Household Incomes Rose In 2023: Census Bureau

Last year's median income was $80,610, up an inflation-adjusted 4% over 2022 and marked the first statistically significant increase since 2019.

China Exports Grow For Fifth Consecutive Month, Reach $308.65 Billion

The 8.7% increase was the strongest in 18 months and came as imports rose just 0.5%, falling short of expectations as the Chinese economy slows.

Americans' Inflation Outlook Largely Unchanged: NY Fed

The latest Survey of Consumer Expectations showed little difference from a month earlier, with the biggest anticipated price hike involving medical care.

A Wall Street sign outside the New York Stock Exchange

Wall Street Ends Week On Sour Note On Job Report, Drop In Tech Stocks

Wall Street ended the week in a sour note Friday on the heels of a disappointing August jobs report and a continued sell-off of technology stocks.

Warren Buffett Rakes In $7 Billion From Bank Of America Stock Sales

Berkshire Hathaway has sold Bank of America stock in nine consecutive trading sessions, dating back to Aug. 26.

Signage is seen at a Verizon store in Manhattan, New York City, U.S., November 22, 2021.

Verizon Buying Frontier Communications In $20 Billion All-Cash Deal

The acquisition will allow Verizon to expand its fiber network across the nation

A “Help Wanted” sign hangs in restaurant window in Medford

US Unemployment Claims Drop

227,000 people filed new claims last week.

Another Lockheed Martin Missile Could Be Heading To Ukraine; Here's How Its Stock Is Doing

The prospects of American-supplied missiles in Ukraine's war against Russia aren't the only things preparing for launch; U.S. military contractor Lockheed Martin Corp.'s stock price is also blasting off to new heights.

The end of government incentives has hurt sales of EVs in Germany

German Car Sales Plunge In August As EV Slump Worsens

The fall was led by a "historic decline" in sales of in battery-powered electric vehicles (EVs), the VDIK car importers' federation said, which plunged by 68.8 percent to just over 27,000 units.