Browsing: Economy
Boeing will lay off 10% of its workforce, approximately 17,000 employees, in the coming months and cut its production amid an ongoing labor union strike. CEO Kelly Ortberg, who took…
JPMorgan Chase CEO Jamie Dimon on Friday warned investors about current risks to the global economy, and pointed to “critical issues” facing the U.S., in particular. “We have been closely…
U.S. producer prices were unchanged in September, pointing to a still-favorable inflation outlook and supporting views that the Federal Reserve would cut interest rates again next month. The unchanged reading…
Hurricane season is in full force, with the U.S. dealing with the aftermath of a pair of damaging and deadly hurricanes in quick succession. The southeastern U.S. has been hit…
Hurricane Milton left more than three million Florida residents without power when it tore across the state overnight Wednesday, and officials are pleading for patience as crews work around the…
The number of Americans filing for unemployment rose much more than expected last week, to the highest in 14 months, driven up in part by the impact of Hurricane Helene.…
Hurricane Milton wreaked massive amounts of damage with its high winds and flooding as it roared through central Florida overnight. Damage assessments in various parts of the state affected by…
American consumers are continuing to face elevated inflation despite the pace of price growth slowing, with grocery price growth continuing to strain household budgets. The Labor Department on Thursday released the…
Inflation continued to cool in September to the lowest level in three years, though the report came in slightly hotter than expected. The Labor Department on Thursday said the consumer…
Hurricane Milton made landfall in Florida late Wednesday night and residents in areas impacted by the life-threatening storm are likely to see disruptions to gasoline supplies until the storm has…