Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate
Stocks and bonds were buoyed after even inflation-focused Federal Reserve officials suggested that rates may stay steady.
USA
Bidder Aims to Save Bankrupt Trucking Firm Yellow
The plan would put Yellow back on the road with thousands of unionized drivers, but would force the government to wait longer for a loan repayment.
Corporate America Has Dodged the Damage of High Rates. For Now.
Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.
Next on the United Auto Workers' to-do list: Adding more members who currently work at nonunion factories to its ranks
Will Tesla's workers be the next to approve a UAW contract? AP Photo/Godofredo A.
In Biden’s Climate Law, a Boon for Green Energy, and Wall Street
The law has effectively created a new marketplace that helps smaller companies gain access to funding, with banks taking a cut.
As Holiday Shopping Season Begins, Retailers Worry
Consumer spending has been strong in 2023 despite higher prices and waning savings. But some retailers have jitters heading into Black Friday.
U.S. Gas Prices Drop Ahead of Thanksgiving Travel
With OPEC Plus members in disarray over production levels, oil prices have fallen nearly 20 percent in three months.
Are rents rising in your Philly neighborhood? Don't blame the baristas
Sociology researchers at Temple University interviewed 61 Philadelphia baristas who work in gentrifying neighborhoods. Maskot/Getty ImagesBaristas who work in specialty coffee shops, along with hipsters more generally, have been referred to as the “shock troops” of urban gentrification – and it’s no different in Philadelphia.
Ford Resumes Work on E.V. Battery Plant in Michigan, at Reduced Scale
A battery plant in Michigan will be smaller than planned, Ford said, citing slower E.V. demand than expected, as well as labor costs.
Fed Officials Thought Rates Could Rise More if Inflation Stayed Stubborn
Minutes from the Federal Reserve’s early November meeting suggested another rate increase remained possible, but officials were in no hurry.
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