The United Auto Workers has said it is prepared to strike at General Motors, Ford and Stellantis if a deal is not reached before current contracts end on Thursday.
Category: United States Economy
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China Is Full of Risk For U.S. Companies
Doing business in China, once seen as a can’t-miss opportunity, poses a troubling dilemma: Reasons to stay can be as compelling as the reasons to retreat.
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$100 Oil? What a Price Spike Could Mean for the Global Economy
Analysts see Brent crude climbing to levels last seen in the first months of the Ukraine war after Saudi Arabia and Russia extended production cuts.
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Wrestling With Inequality, Some Conservatives Redraw Economic Blueprint
A growing number of Republican politicians and theorists are challenging party orthodoxy on pocketbook issues, corporate power and government’s role.
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Investors Feel Anxious Despite Falling Odds of a Recession
Some economists are playing down the chances of an economic downturn. But investors and voters aren’t feeling nearly as optimistic.
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Auto Strike Looms, Threatening to Shut Detroit’s Big 3
With their contract expiring Sept. 14, the United Auto Workers and the companies are far apart in talks. A walkout could take a big economic toll.
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On the Economy, Biden Struggles to Convince Voters of His Success
Wages are up, inflation has slowed and the White House has a new slogan. Still, President Biden’s poor marks on the economy are making Democratic worried.
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Impact of Hollywood Strikes on Jobs Goes Beyond the Strikers
Walkouts by screenwriters and actors have meant less work in fields that cater to the TV and film industry.
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U.S. Added 187,000 Jobs in August and Unemployment Rose to 3.8%
Employers added 187,000 jobs in August and unemployment rose to 3.8 percent as the economy continued to lose momentum built up after pandemic lockdowns.
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Wages Rose Only 0.2% in August, Easing Inflation Fears
The August increase was the smallest since early last year, a welcome sign for Federal Reserve policymakers.
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Fed Officials Will Parse Jobs Numbers to Assess Economy’s Momentum
The employment report could be an important factor as central bankers contemplate the future of interest rate policy.
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Fed Officials Will Parse Jobs Numbers to Assess Economy’s Momentum
The employment report could be an important factor as central bankers contemplate the future of interest rate policy.