In a last-minute move to avoid a potentially costly strike, Boeing has reached a new labor agreement with the union representing around 33,000 of its workers. The deal, which is still pending approval from the workers, includes significant raises, improvements to healthcare and retirement benefits, and a commitment from Boeing to build its next airplane
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Former President George W. Bush, known for his involvement in past presidential elections, has made a surprising decision not to endorse a candidate for the upcoming election. This move, confirmed by his office, breaks from the tradition of former presidents publicly supporting candidates within their party. In the context of history, George W. Bush had
The latest report from the Labor Department’s Bureau of Labor Statistics revealed that the U.S. economy created slightly fewer jobs than expected in August. Nonfarm payrolls expanded by 142,000 during the month, down from 89,000 in July and below the 161,000 consensus forecast from Dow Jones. This reflects a slowing labor market, indicating potential challenges
Private sector payrolls experienced a significant slowdown in August, with companies adding just 99,000 workers for the month. This marks the weakest pace of job growth in more than three-and-a-half years, indicating a clear deterioration in the labor market. The downward trend in hiring has been evident following the outsized growth seen in the aftermath
Recently, two members of the U.S. Consumer Product Safety Commission (CPSC), Peter Feldman and Douglas Dziak, have raised concerns regarding the safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu. Their primary focus is on the alleged sale of “deadly baby and toddler products” through these platforms. In a letter sent to the
The U.S. manufacturing sector experienced a slowdown in August, raising concerns about the overall state of the economy. According to the Institute for Supply Management (ISM) monthly survey of purchasing managers, only 47.2% reported expansion during the month, falling below the 50% breakeven point for activity. While this was a slight improvement from the previous
A recent panel of Brazil’s federal supreme court justices unanimously voted to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision comes after Justice Luiz Fux expressed some reservations about a specific measure in the order that allows the court to fine individuals or businesses using “subterfuge,” such as VPNs,
Former Democratic Rep. Tulsi Gabbard has recently taken on a unique role as an adviser to Republican former President Donald Trump for his upcoming debate against Vice President Kamala Harris. Gabbard has pointed out that Harris has been making noticeable policy pivots, trying to distance herself from her previous positions. This strategic move by Gabbard
Netflix stock hit a record high in August, with shares breaking above the $700 mark and reaching an intraday high of $711.33. Despite a slight pullback in recent days, the stock closed at $701.35 on Friday, making it around 44% higher year to date. This impressive performance comes amid intensifying competition in the streaming sector
Inflation in the United States saw a slight uptick in July, with the personal consumption expenditures price index rising by 0.2% on a monthly basis. This increase brought the year-over-year inflation rate to 2.5%, aligning perfectly with the Dow Jones consensus estimates. The core PCE, which excludes volatile food and energy prices, also experienced a