Breaking News: Economy
Southwest Airlines, pilots' union reach preliminary labor deal after years of contentious talks
Southwest Airlines ranked as the second best domestic airline, according to Bounce’s 2023 Airline Index. Aaronp/bauer-griffin | Gc Images | Getty Images Southwest Airlines and its pilots’ union have reached a new preliminary labor agreement, ending months of tense negotiations and becoming the last of the largest U.S. airlines to strike a deal that is […]
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Shippers have already diverted about $35 billion in cargo from the Red Sea amid fears of attacks
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty Images So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of […]
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European Central Lender applies leverage buffer to counter 'window dressing'
The European Central Financial institution has used an further capital need to 6 banks with abnormal leverage or that may possibly be attempting to give supervisors an excessively rosy picture of their fiscal posture, ECB bank supervisor Andrea Enria reported on Tuesday. “On the leverage ratio demands … we are looking at all those distinct […]
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Care Bears have an easier time getting to the U.S. these days
Business is largely back to normal along the global supply chain, including where it all begins for the Care Bear: the factory floor in China. Anward Shen, owner of An’Best Toys in China, which produces the plush toys for U.S. retailer Basic Fun!, said the cost of making a Care Bear is back to where […]
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Fed sparking irrational sector optimism more than likely rate cuts, previous FDIC Chair Sheila Bair warns
Market optimism more than the prospective for curiosity price cuts upcoming year is dangerously overdone, in accordance to previous FDIC Chair Sheila Bair. Bair, who ran the FDIC all through the 2008 fiscal crisis, suggests Federal Reserve Chair Jerome Powell was irresponsibly dovish at very last week’s coverage assembly by building “irrational exuberance” among the […]
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Oil significant BP turns into newest to pause Pink Sea shipments, with world wide source chain in focus
Tihama, a Maltese Flag container ship of delivery line Hapag-Lloyd, at a European dock on August 13, 2022. Thierry Monasse | Getty Illustrations or photos Information | Getty Pictures BP has develop into the most up-to-date company to pause vacation via the Suez Canal following a series of attacks on vessels by Houthi militants from Yemen. In a […]
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'Great one, Donald': Biden flaunts stock industry record highs, mocks Trump for predicting ɼollapse'
U.S. President Joe Biden speaks for the duration of an function about reducing overall health care prices in the East Place of the White Household on July 7, 2023 in Washington, DC. Drew Angerer | Getty Illustrations or photos Information | Getty Photos President Joe Biden paraded this week’s stock market history highs Friday in […]
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Delta beefs up Austin flights in battle for fast-growing airport
Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the […]
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Major central banks diverge on when the first rate cuts will come
European Central Bank (ECB) President Christine Lagarde gestures as she speaks to the media following the Governing Council’s monetary policy meeting at the ECB headquarters in Frankfurt, Germany, December 14, 2023. Kai Pfaffenbach | Reuters The West’s major central banks all kept interest rates unchanged in recent days, but struck very different tones on the […]
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Treasury Secretary Yellen outlines plan to make improvements to U.S.-China ties
U.S. Treasury Secretary Janet Yellen outlines the advancements the IRS will provide to taxpayers in 2024, throughout remarks at IRS Headquarters in Washington, U.S., November 7, 2023. REUTERS/Kevin Lamarque Kevin Lamarque | Reuters U.S. Treasury Secretary Janet Yellen underscored her priorities aimed at stabilizing frigid ties between the United States and China late Thursday. Yellen, […]
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