economy

Manufacturing orders from China down 40% in demand collapse

Aerial view of containers sitting stacked at the Qinzhou Port on August 15, 2022 in Qinzhou, Guangxi Zhuang Autonomous Region of China. China News Service | Getty Images US logistics managers are bracing for delays in the delivery of goods from China in early January as a result of canceled sailings of container ships and …

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Delta pilots will receive more than 30% in salary increases under new contract deal

A pilot drives past the windows of the renovated Delta terminal D at New York’s LaGuardia Airport on March 6, 2021. Timothy A. Clary | AFP | Getty Pictures Delta Airlines and the pilots union have reached a preliminary agreement for raises of more than 30% over four years, a milestone agreement that could sharply …

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Here’s how much US home prices will plunge in current market bubble

US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector can get back on track with historical trends, a research firm warned this week. The most recent correction cycles that occurred in the US housing market, such as a bubble in …

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The Fed’s path to a ‘Goldilocks’ economy just got more complicated

A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images As far as jobs reports go, November’s wasn’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot wage reading that was twice …

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November employment report is the most important data for this year’s inflation – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal were expecting 200,000 new jobs. Wages rose 0.6% in November, more than double what was expected. Here are some initial reactions from economists and …

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35% of millionaires say they won’t have enough to retire, report finds

A cool $1 million is not what it used to be. There are more millionaires in the US and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest Global Wealth Report from the Credit Suisse Research Institute. Even so, having seven figures in the bank offers less …

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Marvell Technology, Horizon Therapeutics, DoorDash and more

Marvell Technology Group source: marvel.com Check out the companies making the headlines before the bell: Marvell Technology (MRVL) – Shares of the chipmaker fell 4.9% in the premarket period after quarterly sales and profit fell short of Wall Street forecasts. Marvell also posted a weaker-than-expected appearance. He said his customers’ inventory reductions hurt results. related …

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5 things to know before the stock market opens Friday, December 2

A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no deal with the rail worker unions, as a Metrolink commuter train (right) arrives at Union Station in Los Angeles, California, September 15 , 2022. Bing Guan | Reuters Here are the most important news items …

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Key inflation measure that the Fed follows rose 0.2% in October, less than expected

Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday. The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% …

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