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The port strike is 'going to help the Chinese economy': Salvatore Stile

Alba Wheels Up International president and founder Salvatore Stile discusses the imminent port strike by union workers that's set to impact various industries on 'America's Newsroom.'

https://www.foxnews.com/video/6362690136112
The port strike is 'going to help the Chinese economy': Salvatore Stile | Fox News Video
Alba Wheels Up International president and founder Salvatore Stile discusses the imminent port strike by union workers that's set to impact...
Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay

A New York Fed survey released Monday showed that of those who were employed at the time of the last survey in March, 88% still had jobs, the lowest in data going back to 2014.

Those who expected to become unemployed rose to 4.4%, a 0.5 percentage point increase from a year ago and the highest in the survey’s history.

In another sign of cracks forming in the U.S. labor market, a New York Federal Reser...  more
Fed survey shows lows in employment and dissatisfaction with pay
The survey showed a slide in people reporting they are employed, a surge in those looking for work and growing dissatisfaction with pay.
Міністерство фінансів визначає політику у митній та податковій сфері. Будь-які вантажі, які перетинають кордони країн, підлягають процедурі митного оформлення. Митною очисткою, наприклад, називають оформлення імпортних вантажів. У місці розвантаження товарів митники перевіряють чи є у вантажу всі необхідні документи, а також чи сплачені обов’язкові платежі та податки. При експорті товарів перевіряється вірність вибору митного режиму, кодів УКТЗЕД, наявність договорів та інших документів, передба...  more
U.S. Economic Confidence Dips for a Second Month in a Row

Gallup’s Economic Confidence Index registered -34 in May, reflecting further deterioration in how Americans assess the economy’s current state as well as its trajectory.

The index had improved significantly from -40 in November to -20 in March, before falling to -29 in April.

https://news.gallup.com/poll/645515/economic-confidence-dips-second-month-row.aspx
U.S. Economic Confidence Dips for a Second Month in a Row
Gallup's Economic Confidence Index registered -34 in May, reflecting further deterioration in how Americans assess the economy's current state as...
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The Fed’s preferred inflation measure rose 0.2% in April, as expected

Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve.

https://www.cnbc.com/2024/05/31/pce-inflation-april-2024-the-feds-preferred-inflation-measure-rose-0point2percent-in-april.html
PCE inflation April 2024: The Fed’s preferred inflation measure rose 0.2% in April
The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months.
UK to suffer slowest growth of all rich nations next year, OECD says

The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to the OECD.

The downbeat prediction comes as the global economy shows signs of recovery, with growth forecast to remain steady at 3.1% in 2024, before rising modestly to 3.2% in 2025.

Alvaro Pereira, director of the OECD’s policy studies branch, told CNBC the forecasts indicated that c...  more
World’s first major act to regulate AI passed by European lawmakers

The European Union’s parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.

https://www.cnbc.com/2024/03/13/european-lawmakers-endorse-worlds-first-major-act-to-regulate-ai.html
Judge dismisses Disney's lawsuit alleging retaliation by DeSantis

Disney had alleged that Florida Gov Ron DeSantis and a state board unfairly retaliated against the company for criticizing state education policy

https://www.foxbusiness.com/politics/judge-dismisses-disneys-lawsuit-alleging-retaliation-desantis

Interest rate cuts are coming, but the Bank of Canada won't say when

After missteps around forward guidance, central bank wary of being pinned down

https://www.cbc.ca/news/business/interest-rates-mortgage-bank-of-canada-inflation-1.7093530
Consumers Have Turned the Corner on the Economy as Sentiment Spikes

Increased income expectations and declining inflation are behind the rosier outlook.

https://www.usnews.com/news/economy/articles/2024-01-19/consumers-turn-the-corner-on-the-economy-as-sentiment-spikes
The US economy expanded 4.9% in the third quarter, slightly weaker than previously estimated

US economic growth was slightly lower in the third quarter than previously reported, but still robust, underscoring the sheer strength of America’s economy during the summer.

Gross domestic product, the broadest measure of economic output, expanded at an annualized 4.9% rate from July through September, the Commerce Department reported Thursday. That’s a slower pace of growth than the 5.2% reported in ...  more