News - 2024-10-03

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Stay informed with the latest market news and analysis.

Airlines are hoping to cut waiting times by using AI to allocate gates at airports.

Plans announced by officials sparked a stock market rally but economists are unsure it is enough.

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The walkout threatened to plunge the holiday shopping season into turmoil and become an issue in next month's presidential election.

U.S. port operators have proposed a conditional offer of a 62% wage increase to dock workers to end a strike and get back to work, FOX Business has learned.

The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is to resume working immediately.

The UK will prioritise and increase investment in major projects in the Budget, Rachel Reeves says.

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MPs and Citizens Advice urge the government to address regulation of the sector.

If dockworkers and port companies don’t reach a labor deal quickly, supply chain experts said consumers will feel the absence of one grocery item in particular: bananas.

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Airbnb and Vrbo have activated emergency cancellation policies in the western part of the state and other areas of the Southeast affected by the deadly hurricane.

The International Longshoremen’s Association received a new wage offer and will halt its walkout at East and Gulf Coast ports, which began Tuesday.

Traders are anticipating the release of the latest labor market report, due out on Friday morning.

The ruling by a judge in Georgia could be just a temporary reprieve for the plan, which still faces legal challenges in another state.

Gov. Ron DeSantis said Florida's National Guard and State Guard will deploy to the state's ports to restore operations amid the dockworkers strike and Hurricane Helene recovery.

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With the jobs report a day away, the focus is tentatively turning back to the economy, pushing Mideast worries to the background.

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Dearborn Denim & Apparel founder Robert McMillan discusses his big idea of redefining American denim on 'Making Money.'

With the jobs report a day away, the focus is tentatively turning back to the economy, pushing Mideast worries to the background.

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'Making Money' host Charles Payne argues the dockworkers' strike could be the 'October surprise' of the 2024 election.

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BMO Capital Markets chief investment strategist Brian Belski explains why today's Magnificent Seven stocks are similar to the big consumer staple stocks of the mid-90s on 'Making Money.'

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Oil spiked as much as 4% on concerns of a possible strike against Iran's oil production facilities.

The strike by unionized dockworkers at East and Gulf Coast ports has ground coffee shipments to a halt, setting up a supply squeeze given the heavy U.S. reliance on coffee imports.

In a letter, Democratic Senators Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut criticized the Justice Department after continued incidents with Boeing planes.

In a new weekly feature of our Climate Forward newsletter, we’re covering the vast amount of investment, ingenuity and scientific expertise that are going toward stopping climate change.

The Toy Book editor-in-chief James Zahn says big-box retailers have already shipped in about 85% of their holiday shopping inventory.

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Nvidia stock jumped on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been "insane."

JPMorgan Asset Management's Jack Manley outlines the investing differences between each generation. It turns out that each cohort is uniquely shaped by its coming-of-age market experience.

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Nvidia stock jumped on Thursday after CEO Jensen Huang said demand for its next-generation Blackwell chips has been "insane."

Holiday shoppers should get ahead on their purchases before the supply chain disruptions tied to the port strike begin to hinder business operations, an expert says.

War in the Middle East, the port workers strike and a devastating hurricane have injected uncertainty into the U.S. economy.

Mortgage rates inch higher

Oct 3, 2024, 12:05 PM

Mortgage rates climbed slightly this week, with the average for both 30- and 15-year fixed-rate notes rising as the housing market remains largely stalled.

FOX Business' Stuart Varney discussed the port strike ahead of the election, arguing the longer it lasts, the worse it gets for both consumers and Kamala Harris.

Any extended rise in energy prices raises the possibility of higher petrol prices and energy bills.

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Over-the-top specialty concessions at theaters aren’t new, but they are newly everywhere.

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The September jobs report comes as investors debate whether the labor market is cooling quickly enough that the Federal Reserve will opt for a larger interest rate cut in November.

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WIth the jobs report a day away, the focus is tentatively turning back to the economy, pushing Mideast worries to the background.

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Harold J. Daggett is seeking big raises for longshoremen on the East and Gulf Coasts who have fallen behind workers on the West Coast.

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Kaltbaum Capital Management President Gary Kaltbaum analyzes Nvidia and Southwest Airlines on 'Varney & Co.'

Merrill Wealth Management President and co-head Eric Schimpf shares his market outlook and reacts to the jobless claims on ‘Mornings with Maria.’

WIth the jobs report a day away, the focus is tentatively turning back to the economy, pushing Mideast worries to the background.

The European Union is expected to support wielding tariffs on electric vehicles made in China, seeking to prevent unfair competition.

Rep. Scott Perry, R-Pa., breaks down the Biden administration’s approach to the Israel-Hamas war as tensions in the Middle East continue to rise.

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British fintech Revolut criticized Meta over its approach to tackling fraud and said the U.S. tech giant should directly compensate fraud victims.

As president of the International Longshoremen’s Association, Harold Daggett is taking advantage of organized labor’s resurgence to drive a hard bargain.

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WIth the jobs report a day away, the focus is tentatively turning back to the economy, pushing Mideast worries to the background.

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Rep. Randy Weber, R-Texas, criticizes Biden's comments on the latest developments coming out of Israel and the administration's handling of the ongoing port worker strike as well as the border crisis.

Federated Hermes Chief Equity Market Strategist Phil Orlando discusses the oil market, the Federal Reserve's rate cut, and the inflationary impact of the port strikes.

WIth the jobs report a day away, the focus is tentatively turning back to the economy, pushing Mideast worries to the background.

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WIth the jobs report a day away, the focus is tentatively turning back to the economy, pushing Mideast worries to the background.

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Data shows General Motoers, Walmart, LG Electronics have the greatest exposure to the ongoing union dockworkers' strike impacting dozens of ports on the East and Gulf coasts.

A trade association said the distilled spirits industry and its consumers are facing impacts from the dockworker strike at East and Gulf Coast ports – and could experience even more if it continues.

Klarna boss Sebastian Siemiatkowski said unfavorable share-based compensation rules in Europe could cause employees to flock to U.S. tech companies.

The dockworkers strike is the next chapter in the workers vs. automation and AI story — one that won't be finished anytime soon.

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Costco has jumped into selling a new precious metal: 1-ounce platinum bars, according to a Wednesday report from Fortune.

The policy focus on the industry has changed from job quantity to job quality. And while federal incentives matter, local factors are more important.

The mother of three children with Pavel Durov has poked holes in the Russian tech titan’s carefully managed image through a criminal complaint and her account of their opulent lifestyle.

Business owners and foreign governments are preparing for high tariffs and trade disruptions, depending on the outcome of the election.

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Musk abruptly cancelled a deposition with government lawyers and now they fear he'll ghost them again.

How do you move on to something else after years on the job?

Federal Reserve Chair Jerome Powell has made it clear the central bank isn’t in a 'hurry' to bring interest rates down, but that will be put to the test this fall with a series of job reports starting Friday.

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(Bloomberg) -- OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology. Most Read from BloombergThe Corner Store ComebackA Housing Crisis Brews in Rwanda’s Capital CityGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsNew Rowhouses in London That Offer a Bridge to

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Governor Andrew Bailey hints that borrowing costs could fall more quickly if inflation stays in line.

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The Consumer Council for Water says it has handled 7,977 complaints in the last year.

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A recruitment drive has been launched at the annual Dairy Show in Somerset.

The Japanese car maker has become the latest industry giant to scale back its EV plans.

Japan’s regional economies are facing severe labor shortages. Their survival depends on their ability to persuade foreign workers to stay.