Category: Economy

Social Security’s 2024 COLA drops to an increase of 3.2% in January 2024, down from an increase of 8.7% in January 2023.

Inflation continued to rise as U.S. consumer prices rose 3.7% in the year through September. This showed that it is holding steady from the previous month.

Exxon has agreed to purchase shale company Pioneer for almost $60 billion to create a shale giant company.

U.S. employers added 336.000 jobs in September, but unemployment rate stayed at 3.8%

Washington, D.C.: The U.S. House of Representatives passed a last minute spending bill to keep the federal government open for business fo 45 days. The bill now heads to the…

Washington, D.C.: Hard-right Republicans have defeated Speaker of the House Kevin McCarthy’s compromised spending bill which would have kept the government open for business after tomorrow. Without a bill, the…

The United Auto Workers strike grows as 7,000 more workers are hitting the picket lines. Workers at a Ford plant in Chicago, Ill. and a General Motors plant near Lansing,…

The Writers Guild of America’s leaders have unanimously voted to authorize its members to go back to work after a tentative agreement was reached Sunday between the union and Hollywood’s…

Rupert Murdoch, 92, has announced that he will step down from his chairmanship of Fox Corporation and Fox News. His son Lachlan will be the new chairman.

The Federal Reserve paused raising the key short-term interest rates but signaled that another rate hike is likely before the end of the 2023 to try keeping inflation down.

The United Auto Workers union voted to go on strike, Thursday night. They voted to go on strike after negotiations with Ford, General Motors & Stellantis on a new contract…

The European Central Bank has raised the key interest rate by a quarter percentage point to a record high.

Because of an increase in gas prices, inflation rose, for a second straight month, 3.7% for August.

J.M. Smuckers is purchasing Hostess, the maker of snack cakes, for around $5.6 billion, in a cash-and-stock deal.

Washington, D.C.: The Biden administration announced that it would reverse a Trump-era drilling leases in Alaska’s Arctic National Wildlife Refuge. The reversal would ban drilling in 13 million acres.

The United States employers added 187,000 jobs in August, but the U.S. unemployment rate rose to 3.8%.

United States inflation rate rose 3.2% through July, marking the first increase in 13 months.

The 99 year old trucking company Yellow has filed for bankruptcy and closing its business. Yellow suffered huge debt including a large government loan as well as a dispute with…

United States employers added 187,000 jobs in July 2023. The unemployment rate fell to 3.5%.

London, Eng.: The Bank of England has raised its key interest rate by a quarter percentage point.

The United States economy grew at a 2.4% annual rate for the second quarter of 2023.

The Federal Reserve paused the pause on raising interest rates. The Fed raised interest rates by a quarter point to the highest level in 22 years. The rates range from…

UPS has reached a tentative contract agreement with its 340,000 person Teamster union. The agreement averts a strike that could have disrupted nationwide shipping for millions of customers.

Russia announced that the country has pulled out of an agreement which allowed Ukraine to export grain by the sea. The agreement was brokered by the United Nations and Turkey,…

Hollywood movie and television actors are joining the screenwriters in the picket line by going on strike. The strikes are bringing the entertainment industry to a standstill. This is the…