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The Federal Reserve cuts interest rates for a second straight time in an effort to keep the economy humming. But it now must contend with a new unknown: a second Trump presidency.
The Dow Jones industrial average surged more than 1300 points in early trading, with expectations that a new Trump term will bring big policy changes, including tax cuts.
The Commerce Department says U.S. gross domestic product, the broadest measure of economic output, expanded at a robust annual rate of 2.8% in the third quarter.
The low utilization of E-Verify illustrates a “broken U.S. immigration system” and the lack of economic interests in using it. Employers are desperate for labor, documented or not.
Four men face charges from the Orange County district attorney’s office in connection with allegedly billing nearly $100 million in fraudulent fees.
A resurgence of hiring added a quarter-million jobs last month across the country and the unemployment rate dropped to 4.1%, according to new government data released Friday.
The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend their strike until Jan. 15 to provide time to negotiate a new contract.
Vice President Kamala Harris and former President Trump have clearly divergent tax proposals, though both candidates’ plans are short on detail.
The union representing thousands of dockworkers from Maine to Texas launched a strike over wages and the use of automation, shutting down major seaports.
A strike would cause billions of dollars in economic damage and force shippers to divert more products to the West Coast, raising costs for retailers and ultimately consumers.
