Breaking News: Economy
Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally […]
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Companies brace for Tuesday: Mentions of election surge on earnings conference calls
Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024. Octavio Jones | Reuters Executives at America’s largest companies are talking publicly with investors about the presidential election more so than in recent […]
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U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike
Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor impasse dented the employment picture. Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000, the Bureau of Labor Statistics reported […]
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ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says
The Association of Southeast Asian Nations (ASEAN) has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, though risks from fragmentation remain, the International Monetary Fund (IMF) says. According to the U.N. agency, the region has long benefited from decades of globalization, building strong trade links with […]
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Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024. David Ryder | Reuters Boeing and its […]
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Boeing strike will dent last jobs report before election
Boeing workers gather on a picket line near the entrance to a Boeing facility during an ongoing strike on October 24, 2024 in Seattle, Washington. David Ryder | Getty Images Boeing‘s more than seven-week machinist strike is set to hit Friday’s U.S. jobs report — the last one that will be released before Nov. 5 […]
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Key Fed inflation rate hits 2.1% in September, as expected
Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. The Fed uses the PCE reading […]
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Stocks making biggest moves premarket: Carvana, eBay, Microsoft, Uber Technologies and more
Check out the companies making headlines before the market open. Carvana – Shares surged more than 19% on the heels of a third-quarter earnings and revenue beat . For the period, Carvana earned 64 cents per share on $3.65 billion in revenue, above the 25 cents per share and $3.45 billion that analysts surveyed by […]
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Ray Dalio concerned about America postelection: ‘Both candidates worry me’
Ray Dalio speaking with CNBC at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 30, 2024. CNBC A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape rife with what he views as irreconcilable differences between both Democratic and Republican parties. Speaking at the Future Investment […]
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United Airlines raises spending requirements to earn frequent flyer status
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to increase profits and give an exclusive feel to […]
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