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Breaking News: Economy

East Coast port strike: Truckers, rails scramble to move billions in cargo before ILA union midnight shutdown

Shipping containers stacked at a storage yard outside of the APM Terminals yard at the Port of Mobile in Mobile, Alabama, US, on Saturday,...

Key Fed inflation gauge at 2.2% in August, lower than expected

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...

September consumer confidence falls the most in three years

Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and...

Boeing sweetens labor proposal in ‘best and final’ offer as strike enters second week

Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty ImagesBoeing on...

Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut

Risk of downturn not heightened following rate decision, Powell saysFederal Reserve Chair Jerome Powell does not see the risk of an economic downturn being...

Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey

Federal Reserve Chairman Jerome Powell.Andrew Harnik | Getty ImagesWith considerable uncertainty about what the Federal Reserve will do at its meeting this week, respondents...

Boeing warns strike will ‘jeopardize’ recovery, hurt aircraft production

Union members hold picket signs during a news conference following a vote count on the union contract at the IAM District 751 Main Union...

Boeing workers overwhelmingly reject contract, prepare to strike

More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company's aircraft after staff overwhelmingly rejected a new...

Britain labels data centers critical infrastructure to boost cyber defenses

Data centers today are crucial computing infrastructure that power the modern-day internet.In Pictures Ltd | Andrew Aitchison | Corbis News | Getty ImagesLONDON —...

Here’s the inflation breakdown for August 2024 — in one chart

Grace Cary | Moment | Getty ImagesInflation continued to throttle back in August, signaling that the fast-rising prices that plagued the U.S. economy for...

Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021

Inflation in August declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an...

UK economy flatlines again in July, below expectations

Maremagnum | Corbis Documentary | Getty ImagesLONDON — The U.K. economy continued to flatline in July on a month-on-month basis, flash figures published from...

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