The Latest Breaking News from Economy

Congress poised to pass resolution to avoid rail strike

WASHINGTON — Aiming to avert a Dec. 9 railroad work stoppage estimated to cost the economy $2 billion a day, House and Senate leaders of both parties promised to pass legislation soon that would enact the White House’s rail union agreement that is opposed by most rail union workers.

Tribune News Service · Nov 30, 2022

Britain and Ukraine sign digital trade agreement

Officials said the deal will guarantee Ukraine access to UK financial services as it rebuilds its shattered economy.

The Independent UK · Nov 30, 2022

Michael Hiltzik: Greedy railroads are to blame for rail strike threat. Why should Congress help them?

The prevailing take on the looming national rail crisis is that a few recalcitrant railroad unions are poised go on strike Dec. 9, provoking an industrywide labor walkout that would inflict a "crippling" blow to the U.S. economy.

Los Angeles Times · Nov 29, 2022

The pandemic created challenges and opportunities for Canadian immigration

Canada has long relied on strong immigration to fulfil the country’s demographic needs, expand its economy and support regional development.

The Conversation · Nov 29, 2022

1 Small-Cap Stock to Add to Your Portfolio This Week and 1 to Sell

With inflation showing signs of cooling down, the Fed will likely relax its aggressive monetary policy. Moreover, many are hopeful that the economy might witness a soft landing. While we believe investors should buy fundamentally sound small-cap stock CSW Industrials (CSWI), WeWork (WE) might be best avoided considering the market…

StockNews.com · Nov 29, 2022

Congress expected to impose contract on US railroad workers to avert strike

Citing ‘catastrophic’ risk to US economy, Nancy Pelosi announces impending vote to bind unions to September negotiations

The Guardian - US · Nov 29, 2022

China should end its anti-COVID lockdowns, the head of the IMF says

The change could calm widespread protests, and would ease the impact to a world economy already struggling with high inflation, an energy crisis and disrupted food supply.

WEKU · Nov 29, 2022

With inflation high, US consumer confidence down for second month

November’s figure is the lowest since July and indicates that Americans are taking a more gloomy view of the economy.

Al Jazeera · Nov 29, 2022

Why retiring Baby Boomers may make it harder to lower inflation

Fewer people working because they have elected to retire makes it more difficult to cure the economy's supply-demand imbalance.

Axios · Nov 29, 2022

Where Georgia Senate candidates Walker, Warnock stand on the economy

ATLANTA — The economy was the dominant issue for many Georgia voters this midterm election, as generational-high inflation squeezed bank accounts and drove up the prices of household goods.

Tribune News Service · Nov 29, 2022