Browsing: Economy
The U.S. economy grew at a 3% annual rate in the second quarter, in line with economists’ expectations, according to new data from the Commerce Department’s Bureau of Economic Analysis.…
An arbitration board on Wednesday ruled that Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel has complied with the requirements of the firm’s labor agreement with the United Steelworkers (USW)…
A looming strike by roughly 45,000 unionized dockworkers at seaports on the East and Gulf coasts could begin next week and disrupt shipments of a variety of products as the presidential…
Consumer confidence tumbled in September, marking the sharpest drop in more than three years as Americans grow increasingly concerned about economic conditions – particularly the labor market. The Conference Board…
Spending on federal health care programs has surged in recent years amid the aging of America’s populations, and a health care policy expert is calling for reforms to programs including Medicare…
American consumers may soon have to do without some popular fruits, including bananas, when they are grocery shopping, as fruit aisles could be empty and prices may soar if 45,000…
The last full-size Kmart store in the continental United States is set to close in October, leaving only one downsized location remaining, reports say. The department store chain, which once…
The threat of port strikes on the East Coast and Gulf of Mexico is sending shockwaves through the supply chain, and raising concerns that there will be an uptick in…
Investors celebrated what could be the return of an easy money era after the Federal Reserve cut interest rates for the first time since March 2020 and projected rates may…
Game company Cards Against Humanity filed a lawsuit against billionaire Elon Musk’s SpaceX, claiming the spacecraft launch company of illegally trespassing on South Texas land and damaging vacant land the…