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Fed meeting recap: Powell ‘feeling good’ about economy, says Trump can’t legally fire him

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U.S. fiscal policy is 'on an unsustainable path,' says Powell The rising U.S. deficit and overall fiscal policy remain headwinds to the economy, Federal...
World

Europe praises Trump’s victory amid wider fears of an impending economic nightmare

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Donald Trump (L), President of the USA, and Emmanuel Macron, President of France, join hands during the final press conference of the G7 Summit...
Bussiness

U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike

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Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor...
Bussiness

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 | APBoeing will cut 10% of...
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Inflation rate at 2.4% in September, topping expectations; jobless claims highest since August 2023

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The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane...
Bussiness

Here’s where the jobs are for September 2024 — in one chart

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The September jobs report was surprisingly strong, and the details show that growth came from many different areas of the economy.The biggest contributions came...
Bussiness

U.S. job creation roared higher in September as payrolls surged by 254,000

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The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the...
Bussiness

Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound caught up in East Coast trade shutdown

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An Eli Lilly & Co. Zepbound injection pen, March 28, 2024.Bloomberg | Bloomberg | Getty ImagesAs a port strike stretching from New England to...
Bussiness

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

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

Key Fed inflation gauge at 2.2% in August, lower 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...
Bussiness

September consumer confidence falls the most in three years

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

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

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