Fed moves to protect job market with big rate cut
The move indicates that the central bank is growing nervous about the weakening labor market. Source link
Boeing to Begin Temporary Layoffs Because of Strike
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union. Source link
What Trump Has Said About Interest Rates, and Why It Matters
He has suggested that presidents should “have a say” on interest rates, though he later walked the comment back. Source link
Hollywood Movie Producers Find a Harder Time Making a Living
Corporate consolidation and technology have upended many jobs in recent decades. But few arcs are more surprising than that of the Hollywood producer. Source link
Ending the Boeing Strike Won’t Be Easy. Here’s Why.
The vehemence of workers over wages and other issues caught the company and union leaders off guard. Source link
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent
Inflation remained cool in July, based on the Personal Consumption Expenditures index, keeping the Federal Reserve on track for rate cuts. Source link
For Generations of Alaskans, a Livelihood Is Under Threat
Something is broken in the economics of the state’s fishing industry and the communities that have long depended upon it. Can Washington come to the rescue? Source link
Will Automation Replace Jobs? Port Workers May Strike Over It.
A contract covering longshore workers on the East and Gulf Coasts will expire at the end of September, but talks have been stalled over the use of equipment that can function without human operators. Source link
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel. Source link
Trump Calls for an Efficiency Commission, an Idea Pushed by Elon Musk
Donald Trump, in a speech in New York, said the commission would conduct a sweeping audit of the federal government and recommend “drastic reforms” for cutting waste. Source link