Tag: Economy
Boeing workers reject contract and prepare for strike in overwhelming vote
Over 30,000 Boeing workers were poised to go on strike on Friday, bringing most of the company’s aircraft production to a halt following the rejection of a new labor contract
DetailStocks moving significantly after hours: Adobe, RH, Oracle
Shares of Adobe tumbled more than 10% after the company provided weaker-than-expected guidance for its fiscal fourth quarter. The software company projected revenue between $5.50 billion and $5.55 billion, falling
DetailAugust 2024 Jobs Report: Latest Updates and Analysis
The U.S. economy added slightly fewer jobs than anticipated in August, signaling a slowdown in the labor market and potentially paving the way for the Federal Reserve to reduce Interest
DetailWhy Airline Ticket Prices are on the Rise
Airlines are seeing improved unit revenues as summer wraps up, indicating that customers can expect higher prices for flights in the coming months. Alaska Airlines raised its third-quarter profit outlook
DetailFed Governor Waller Supports Interest Rate Cut at September Meeting, Open to Further Reductions
Federal Reserve Governor Christopher Waller expressed support for an interest rate cut at the upcoming Central bank policy meeting, indicating a willingness for a substantial reduction if necessary. In prepared
DetailAugust Unemployment Rate Drops for Black Workers
The latest data from the Department of Labor shows that the unemployment rate for Black workers decreased in August. Black workers saw their jobless rate drop to 6.1% from 6.3%
DetailAugust 2024 Deflation Breakdown: A Detailed Analysis in One Chart
In August, Inflation eased to its lowest level since February 2021, marking a trend known as “disinflation” where prices are still rising but at a slower pace. While there are
DetailThe U.S. Latino economic output reaches $3.6 trillion according to a new report
The U.S. Latino economy has experienced a significant growth of 13%, expanding from $3.2 trillion in 2021 to $3.6 trillion in 2022, as reported by the Latino Donor Collaborative and
DetailMidday Stock Market Update: Kroger, Petco, Moderna, and Roku Stocks Soaring
Shares of Kroger, the supermarket chain, surged over 4% in midday trading following the release of their mixed fiscal second-quarter results. Despite revenue falling short of expectations, Kroger reported adjusted
DetailNational debt interest payments exceed $1 trillion with growing deficit
The U.S. government has surpassed $1 trillion in interest payments on its $35.3 trillion national debt this year, marking a significant milestone, as reported by the Treasury Department. With the
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