The US economy grew at a 3.0% annualized rate in Q2 2024, driven by strong consumer spending and a rebound in corporate profits, reflecting continued economic growth.
United States
US Ports Reopen After Major Dockworker Strike; But Cargo Backlog Remains
US East and Gulf Coast ports have reopened after dockworkers secured a 62% wage increase, but clearing a backlog of ships will take two to three weeks.
US East and Gulf Coast Port Workers Set to Strike, Threatening $5 Billion Daily Economic Loss
US East and Gulf Coast port workers plan to strike at Tuesday, potentially halting half of the nation's shipping and costing the US economy $5 billion daily due to a standoff over pay.
US Inflation Falls to Lowest Since Early 2021, but Consumer Prices Remain High
In August, the CPI rose 0.2%, keeping inflation at 2.5%, its lowest since 2021, while traders anticipate an interest rate cut from the Federal Reserve.
Trump Media Shares Down 15% as Harris Gains Momentum After Debate
Donald Trump's company suffered a 15% share decline following last night's presidential debate, just after betting odds for Kamala Harris increased.
Latest News
US President Joe Biden announced that he was standing down from the country’s presidential election this November, endorsing Vice President Kamala Harris on his stead.
Republican Party presidential candidate Donald Trump announced on the first day of the Republican National Convention Monday (July 15) that he has chosen first-term Ohio senator JD Vance as his vice-presidential running mate, triggering reactions from business executives across multiple sectors.
The families of two construction workers killed in the Boise airport hangar collapse are suing several companies involved in the project, alleging reckless construction practices and the use of inappropriate materials.
Marathon Oil was fined $241.5 million for air quality violations at its Fort Berthold Indian Reservation oil and gas plants.
Dollar General has agreed to pay a $12 million fine and implement enhanced safety measures across its nationwide retail stores following a settlement with the US Department of Labor.
The United States government is providing approximately $2 billion in assistance to eleven car companies, including General Motors and Stellantis, aimed at bolstering electric vehicle production and expanding assembly facilities across eight states.
A 33-year-old night manager at a Sonic restaurant in San Antonio, Texas, was tragically shot and killed during a dispute with customers over counterfeit money while working in the drive-thru.
The CEO of Lifetime Products and his 16-year-old daughter tragically lost their lives when a mini bulldozer fell off a tow truck and landed on their car in Ogden Canyon, Utah.
Former Illinois state senator and gubernatorial candidate William "Sam" McCann was sentenced to 3.5 years in federal prison for fraudulent use of campaign funds and money laundering.
