US East and Gulf Coast ports have reopened after dockworkers secured a 62% wage increase, but clearing a backlog of ships will take two to three weeks.
United States
Economists Predict Trump's 'Maganomics' Could Lead to Slow US Growth and Increased Inflation
Trump's "MAGAnomics" protectionist policies, including tariffs and immigration restrictions, could harm global growth, economists warn.
US Government Shutdown Looms as Trump, Musk Oppose Funding Bill Over Spending Concerns
Trump and Musk oppose a GOP funding bill, increasing the risk of a government shutdown while pushing for streamlined legislation without excess spending.
Smaller Defense Tech Firms Eye Growth From Trump and Musk's DOGE Initiative
Trump's DOGE, led by Elon Musk, aims to streamline federal spending, modernize defense, and open opportunities for smaller tech firms in AI and autonomous systems.
US Government to Receive $100M Settlement From Container Ship Owners Over Baltimore Bridge Collapse
The US government will receive over $100 million from the owners of the Dali container ship following the deadly Baltimore bridge collapse in March.
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US East and Gulf Coast port workers plan to strike at Tuesday, potentially halting half of the nation's shipping and costing the US economy $5 billion daily due to a standoff over pay.
In August, the CPI rose 0.2%, keeping inflation at 2.5%, its lowest since 2021, while traders anticipate an interest rate cut from the Federal Reserve.
Donald Trump's company suffered a 15% share decline following last night's presidential debate, just after betting odds for Kamala Harris increased.
A win for Kamala Harris and the Democrats would boost US economic growth and job opportunities for Americans, while a Trump victory could lead to reduced economic output due to higher tariffs and stricter policies, according to Goldman Sachs.
This Labor Day 2024, banks and government offices will be closed but most major retailers and restaurants will remain open with varying hours, and other sectors will open for a limited time.
The US economy grew at a 3.0% annualized rate in Q2 2024, driven by strong consumer spending and a rebound in corporate profits, reflecting continued economic growth.
US President Joe Biden announced that he was standing down from the country’s presidential election this November, endorsing Vice President Kamala Harris on his stead.
Republican Party presidential candidate Donald Trump announced on the first day of the Republican National Convention Monday (July 15) that he has chosen first-term Ohio senator JD Vance as his vice-presidential running mate, triggering reactions from business executives across multiple sectors.
The families of two construction workers killed in the Boise airport hangar collapse are suing several companies involved in the project, alleging reckless construction practices and the use of inappropriate materials.
