Employers at East and Gulf Coast ports reported exchanging proposals with the International Longshoremen’s Association after a monthslong standoff.
Category: United States Economy
Beneath the Potential Strike at U.S. Ports: Tensions Over Innovation
Port operators have long embraced automation, while dockworkers view it as a threat to their livelihoods.
How Trump Could Upend Taxation in America
With slogans and in social-media posts, the former president has dribbled out ideas that, together, would fundamentally change how taxes are collected in the U.S.
Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut
The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.
How Inflation and High Interest Rates Have Changed the Economy
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.
Fed Cuts Interest Rates for First Time in Four Years
Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.
How Big Will the Fed Rate Cut Be? Officials Need to Strike a Balance.
Policymakers are expected to lower rates for the first time in four years on Wednesday while releasing fresh economic forecasts.
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
Why This Jobs Report Could Be the Most Pivotal One in Years
It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.