Economic News
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Strike at Boeing was part of a new era of labor activism long in decline at US work places
Aircraft assembly workers at Boeing factories near Seattle and elsewhere ended a seven-week strike overnight
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Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier
Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues
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Boeing machinists hold contract vote that could end their 7-week strike
The voting has closed for unionized factory workers at Boeing who were deciding whether to accept a contract offer or to extend their strike
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US agency ends investigation into Ford engine failures after recall and warranty extension
U.S. auto safety regulators have ended an investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles
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Federal Reserve is set to cut rates again while facing a hazy post-election outlook
No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year
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TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue
Restaurant chain TGI Fridays says it has filed for bankruptcy protection as it looks for ways to “ensure the long-term viability” of the casual dining brand
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Harris team warns CEOs that Trump is a threat to economy, while Trump says tariffs can drive growth
Kamala Harris’ campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth
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US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls
America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls
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IRS announces pension and retirement plan contribution adjustments for 2025
The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024
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Boeing workers will vote on a new contract offer to end 7-week-old strike
Striking workers at Boeing will vote on a new contract offer next week
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