Tag: Breaking News: Economy
Companies losing pricing power after years of unbridled spending
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021.Nina Westervelt | Bloomberg | Getty ImagesA [...]
Over a half-billion dollars in rail freight stuck at Texas border
Major railroads Union-Pacific and BNSF, a subsidiary of Berkshire Hathaway, are urging the reopening of El Paso and Eagle Pass crossings so their frei [...]
Mortgage demand slips despite drop in interest rates
House for sale with "For Sale" real estate sign in yard in spring or summer season. No people.Fstop123 | E+ | Getty ImagesMortgage demand fell last we [...]
Shippers divert $35 billion in cargo from Red Sea
So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militan [...]
FedEx (FDX) earnings 2Q 2023
A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023.Vcg | Visual China Group | Getty ImagesFedEx shares tumbled [...]
Southwest Airlines, pilots union reach labor deal
Southwest Airlines ranked as the second best domestic airline, according to Bounce's 2023 Airline Index.Aaronp/bauer-griffin | Gc Images | Getty Image [...]
Care Bears have easier time getting to U.S. from China
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 S [...]
Delta beefs up Austin flights in battle for fast-growing airport
Angel Di Bilio | iStock Editorial | Getty ImagesDelta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid t [...]
Mortgage refinance demand jumps after rates drop
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, Cali [...]
2023 was least affordable homebuying year: Redfin
A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022.Elijah Nouvelage | Bloomberg | Getty ImagesThis year was the least affordable ye [...]
Southwest, pilots union near a preliminary labor deal
A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023.Nicolas Economou | [...]
Small music venues fight to keep prices affordable amid inflation
Melis82 | Istock | Getty ImagesIt has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some [...]
Retailers cast doubt on Black Friday, holiday 2023 spending
A person walks past a sales advertisement at Saks Off 5th Department Store ahead of the Thanksgiving holiday sales in Washington, DC, November 21, 202 [...]
Homebuilder sentiment drops to lowest point in a year
High mortgage rates continue to weigh on the nation's homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously o [...]
Deflation could be coming this holiday, Walmart CEO says
Shoppers may get an early present this holiday season: falling prices in many gift-giving categories.On Thursday, Walmart CEO Doug McMillon said defla [...]