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Longshoremen strike could cost US economy billions
Dockworkers' Strike Could Cost the Economy $4.5B Per Day—and Rekindle Inflation
U.S. dockworkers in ports from New England to Texas have started to strike, which could cost the U.S. economy up to $4.5 billion daily and reignite inflation.
Longshoremen strike could cost US economy billions daily
President Joe Biden told reporters Sunday he would not intervene in negotiations. The strike could cost the U.S. economy $3.8 billion to $4.5 billion per day, with some of that recovered over time after normal operations resume, according to the Associated Press.
A port strike could cost the economy $5 billion per day, here's what it could mean for you
Fed sees no 'hurry' to cut rates
Powell says U.S. economy is in ‘solid shape’ — and the Fed intends to keep it that way
Federal Reserve Chair Jerome Powell said the 50-basis-point cut in the central bank’s policy rate earlier this month was a sign of confidence in the economy and the labor market.
Fed Chair Powell says the US economy is in ‘solid shape’ with gradual rate cuts coming
Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy.
Fed sees no 'hurry' to cut rates as confidence in economy grows, Powell says
By Howard Schneider NASHVILLE, Tennessee (Reuters) -Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts moving forward and was not "in a hurry" after new data boosted confidence in ongoing economic growth and consumer spending.
Trump Lays Out New Economic Plan
Trump vs. Harris: How White House Will Reshape the Economy
Americans are barreling toward election day but they remain split on whether Donald Trump or Kamala Harris would make a better steward of the U.S. economy, according to recent polls and prediction markets.
Trump Lays Out New Economic Plan as Harris Closes Gap
Trump's new plan is centered on corporate tax cuts for companies manufacturing in the U.S., tarrifs for those who don't and deportations of illegal immigrants.
Most multi-millionaire investors are voting for Harris, despite thinking Trump is better for the economy
Trump is famously popular among high-net-worth individuals for his proposition to extend and expand his 2017 Tax Cuts and Jobs Act.
52m
on MSN
Dockworker strike shuts down ports in the East, threatening big hit to the U.S. economy
The union representing thousands of dockworkers from Maine to Texas launched a strike over wages and the use of automation, ...
9h
How the Dockworkers’ Strike Could Ripple Through the Economy
Transportation and warehousing sectors are poised to first feel the pinch, with a broader economic fallout expected if the ...
2h
on MSN
Tesla Stock Rises. How Elon Musk Is Creating an Economy of ‘DREAMS.’
It’s a big month for Tesla and the stock is starting it positively. The EV maker’s shares were up 0.1% at $261.99 each in ...
9h
Why China’s Struggling Economy Creates A Huge Price Boost For Bitcoin
As bitcoin's price continues to test upwards momentum, China's economic slowdown may be an understudied and massive demand ...
1d
A 'Roaring '20s' economy is becoming more likely as bullish factors stack up, UBS says
"It's no longer too soon nor too optimistic to suggest that the US will experience a Roaring '20s economy," UBS said.
8h
Dock workers shut down ports in the East, threatening big hit to the U.S. economy
The union representing thousands of dock workers from Maine to Texas launched a strike Tuesday over wages and the use of ...
Forbes
1d
Harris’ “Opportunity Economy” Closes The Economic Gap With Trump
Opinions expressed by Forbes Contributors are their own. I’m an economist studying cities and states and their importance in ...
11h
Port strike freezes shipping on East Coast, dealing blow to economy
The strike is disrupting ports that handle more than half of U.S. trade in shipping containers, with the economic bite ...
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