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US could see shortages and higher retail prices if dockworkers strike drags on
U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
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Port strike update: Biden says he won't invoke 1947 law to try to suspend action
From Maine to Texas, dockworkers at 36 ports across the eastern U.S. are now on strike for the first time in decades. Supply chain experts say consumers won’t see an immediate impact from the strike because most retailers stocked up on goods, moving ahead shipments of holiday gift items. But if it goes more than a few weeks, a work stoppage...
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East Coast ports close as workers go on strike
No deal was in place for dock workers nearly a day into the strike, after tens of thousands walked out at midnight Tuesday. And the longer those workers are on the picket line, the greater the impact on your wallet. NBC New York’s Adam Harding reports.
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How dockworkers' historic port strike could affect NY area
From Maine to Texas, dockworkers at 36 ports across the eastern U.S. are now on strike for the first time in decades. Supply chain experts say consumers won’t see an immediate impact from the strike because most retailers stocked up on goods, moving ahead shipments of holiday gift items. But if it goes more than a few weeks, a work stoppage...
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Dockworkers hit picket lines in historic port strike
Romney Smith reports on the historic port strike.
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Higher prices, rotten fruit and more: How the Longshoremen strike could impact consumers
The first thing that’s going to be impacted by the dockworkers strike, experts said, is fresh produce, like bananas, and fresh seafood.
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Dockworkers strike at ports from Maine to Texas, sparking fears of shortages and higher prices
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.
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Trump wants higher tariffs on imports. How they work who will actually pay for it
Former President Donald Trump has proposed a 60% tariff on goods from China and a 20% tariff on everything else the United States imports.
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What a potential strike at East Coast and Gulf Coast ports could mean for prices
Shippers are scrambling to find workarounds ahead of looming strike at all East Coast and Gulf Coast ports. A major contract for dockworkers and longshoremen is set to expire on Monday, and if a strike happens, it could jam supply chains and reignite inflation, driving costs for goods up. NBC New York’s Adam Harding reports.
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Fed cuts key interest rate by half point
The Federal Reserve is cutting its interest rate by a half a point, the Committee said Wednesday.
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Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.
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US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week.
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A recession could upend plans for people approaching retirement. Taking these steps can help, experts say
Retirees and near-retirees perhaps face the biggest risks if an economic downturn upends their financial plans. Experts say these are the questions to ask now.
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Increased sausage demand could be worrying signal to the economy
One manufacturer included in the Dallas Fed’s latest survey said growth in the category typically aligns with a slowing economy.
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Federal Reserve signals interest rate cuts are coming, but doesn't say when
Speaking at the Federal Reserve’s annual retreat Friday, Chair Jereme Powell said “the time has come for policy to adjust.”
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As Canadian rails grind to a halt, so may several sectors of the US economy
Canadian National Railway, Canadian Pacific Kansas City and the Teamsters Canada Rail Conference union — which represents more than 10,000 workers — failed to come to an agreement after months of labor talks.
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Fed minutes point to ‘likely' rate cut coming in September
The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.
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An interest rate cut is coming. Here's what to do with your money beforehand
Many consumers are looking for some financial stability while planning for lower borrowing costs in the future. Here are some tips.
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Japan's Nikkei 225 soars 10% and other world markets are mixed after the week's rollercoaster start
Japan’s benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street. Other world markets were mixed but appeared to have settled after the rollercoaster start to the week.
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Wall Street has its worst day since 2022 as fear of a US economic slowdown deepens; Dow sinks 1,000
Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.