Tag: Breaking News: Economy
U.S. Latino economic output grows to $3.2 trillion, new study says
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Lati [...]
Higher orange juice prices as futures hit another record
Coca-Cola Co.'s Minute Maid and Simply Orange brand orange juices sit on display in a supermarket in Princeton, Illinois.Daniel Acker | Bloomberg | Ge [...]
More companies warn higher costs will eat into profits
An American Airlines 787 is loaded with cargo at Philadelphia International Airport.Leslie Josephs/CNBCMore companies are warning that a surge in the [...]
Hold cash for now, don’t buy debt and bonds
Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute ConferenceBloomberg | Bloomberg | Getty ImagesAs c [...]
Labor unions are pushing hard for better pay and hours — and winning
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023.Michael Wayland / CNBCFrom [...]
UPS workers approve new labor contract with big raises
Carlos, a UPS worker in Manhattan, delivers packages on his daily rounds on July 24, 2023 in New York City.Spencer Platt | Getty ImagesUPS workers rat [...]
Mortgage rates hit highest point since 2000
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 202 [...]
Homebuilder sentiment drops sharply, as mortgage rates surge
Residential home construction by Shea Homes builders is shown in Encinitas, California, May 16, 2023.Mike Blake | ReutersRising mortgage rates are hit [...]
UPS drivers to average $170,000 in pay, benefits at end of 5-year deal
A UPS driver pulls away after making a delivery in Washington, D.C.Andrew Harrer | Bloomberg | Getty ImagesUPS' CEO said drivers will average $170,000 [...]
Companies crack down on customer perks and rewards like airline miles
Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagi [...]
Prices rise for backpacks, notepads, pens
Jamie Grill | Getty ImagesBack-to-school shopping hasn't been easy this year for Lauren Cyr.The mother of three has searched for deals and spread out [...]
International travel surges while domestic airfares, hotel rates lag
Women pose for a photo while holding an ice cream at Trevi fountain during hot weather as a heat wave hits Europe in Rome, Italy, July 19, 2022. Gugli [...]
Airlines say lower domestic fares threaten record revenue growth
Scott Olson | Getty ImagesSky-high airfare was a boon for U.S. airlines coming out of the Covid-19 pandemic.But airline executives are now seeing lowe [...]
UPS, Teamsters reach labor deal to avoid strike
United Parcel Service (UPS) driver pushes a dolly of packages towards a delivery van on a street in New York.Victor J. Blue | Bloomberg | Getty Images [...]
Delta Air Lines (DAL) 2Q23 earnings
Delta Air Lines posted its highest quarterly revenue and earnings ever thanks to scorching travel demand that has defied fears of an economic slowdown [...]