Tag: Breaking News: Economy
Top Stocks to Watch: PLTR, SMMT, and JBLU
Palantir Technologies and Dell Technologies saw significant gains in midday trading, with Palantir jumping 14% and Dell rising nearly 4% after the announcement that both Stocks would join the S&P
DetailSlowing Inflation: Uncertain Next Moves for the Fed
Federal Reserve officials are approaching their policy meeting with Inflation easing but uncertainty remains about the extent of interest rate adjustments. Recent data indicates a significant decrease in price pressures
DetailJuly inflation indicator increases by 0.2%, in line with Fed’s expectations
Inflation ticked up in July, as indicated by a measure favored by the Federal Reserve ahead of its anticipated interest rate cut – the first in over four years. The
DetailBoeing workers vote on new contract renegotiation amid strike threat
Boeing workers are currently voting on a new labor contract that could potentially lead to a strike, risking the struggling plane-maker’s recovery, according to the company’s CEO. The tentative agreement,
DetailCould Weak Manufacturing Indicators signal a U.S. Economic Slowdown?
U.S. factories continued to experience a slowdown in August, raising concerns about the direction of the economy, according to various manufacturing indicators. The Institute for Supply Management’s monthly survey of
DetailAtlanta Fed President Bostic Urges Officials to Act on Inflation Before Hitting 2% Target
Atlanta Federal Reserve President Raphael Bostic suggested on Wednesday that he is prepared to begin lowering Interest rates despite ongoing Inflation exceeding the Central bank‘s target. Previously considered a more
DetailJuly job openings decline exceeds expectations
Job openings reached a 3 1/2 year low in July, according to the latest data from the Labor Department, indicating slack in the labor market. The Job Openings and Labor
DetailBond Market Yield Curve Returns to Normal, Easing Recession Fears
The relationship between the 10-year and 2-year Treasury yield briefly normalized on Wednesday, reversing a classic recession indicator. Economic news showed a sharp decline in job openings, and dovish remarks
DetailAircraft production at risk as strike threatens recovery
Boeing CFO Brian West expressed concerns about the impact of a labor strike that commenced after workers rejected a new contract and walked off the job. The strike is expected
DetailAugust Layoffs Increase While 2024 Hiring Hits Record Low, According to Challenger Report
In August, layoffs reached their highest level in 15 years, according to outplacement firm Challenger, Gray & Christmas. Announced job cuts totaled 75,891 for the month, a 193% increase from
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