adminHow Amazon changes local economies when it moves in
When Amazon (AMZN) announced its expansion into Nashville, including a new headquarters there, the move marked the single largest jobs commitment made by a company in Tennessee’s history. The data…
Ecuador goes dark in a power crisis that punishes economy
(Bloomberg) — Life without electricity is wearing on Ecuadorians, punishing their already frail economy and raising questions about the political future. Most Read from Bloomberg Daily blackouts stretch for 10…
The bull market is 2 years old. Here’s where Wall Street thinks stocks go next.
The bull market in the S&P 500 (^GSPC) began two years ago and is showing few signs of slowing. Backed by the rise of artificial intelligence euphoria and a surprisingly…
Boeing stock slides as company plans to cut 17,000 jobs, delays jet delivery amid labor strike
Boeing stock (BA) slid 2% in after-hours trading Friday as the company said it would cut its workforce by 10%, or roughly 17,000 jobs, and delay the first delivery of…
Trump Adviser Bessent Slams Fed Over September Half-Point Cut
(Bloomberg) — A top economic adviser to Donald Trump said the Federal Reserve exercised bad judgment by cutting interest rates close to the presidential election. Most Read from Bloomberg “If…
US Expands Sanctions on Iran Oil Sector Over Israel Attack
(Bloomberg) — The US broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran…
Bond Traders’ Big Week Ends With Fed Rate Cuts Even Less Certain
(Bloomberg) — The bond market is growing less convinced by the day that the Federal Reserve will embark on two further interest-rate cuts this year. Most Read from Bloomberg Traders…
Hurricane Milton deals estimated $160B blow in damage, economic loss
Hurricane Milton caused at least $160 billion in damage and economic loss, according to a preliminary estimate from AccuWeather. (Photo: City of Tampa) The Category 3 hurricane hit Florida Wednesday…
Wholesale inflation remained cool last month in latest sign that price pressures are slowing
WASHINGTON (AP) — Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America's…
Traders keep bets on 25 bps Fed rate cuts in Nov, Dec
(Reuters) – The case for quarter-point U.S. interest-rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were unchanged last month compared…
