Biden flaunts stock market record highs, mocks Trump for predicting ‘collapse’

Biden flaunts stock market record highs, mocks Trump for predicting ‘collapse’

U.S. President Joe Biden speaks during an event about lowering health care costs in the East Room of the White House on July 7, 2023 in Washington, DC. Drew Angerer | Getty Images News | Getty Images President Joe Biden paraded this week’s stock market record highs Friday in a new campaign video that trolled … Read more

Southwest, pilots union near a preliminary labor deal

Southwest, pilots union near a preliminary labor deal

A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, May 7, 2023. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines and its pilots union are closing in on a new contract that would raise pay for the carrier’s more than 11,000 aviators and end months of contentious … Read more

Is the U.S. in a silent depression? The TikTok theory explained

Is the U.S. in a silent depression? The TikTok theory explained

A shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. Taylor Glascock | Bloomberg | Getty Images The U.S. economy has remained remarkably strong but affordability is worse than it has ever been, some social media users say, even when compared to The Great Depression. One of TikTok’s … Read more

Over a half-billion dollars in rail freight stuck at Texas border

Over a half-billion dollars in rail freight stuck at Texas border

NBC NEWS — Pictured: Border Patrol Agents arrest 8 suspected illegals in Maverick County, near Eagle Pass, TX, as they try to ride a freight train into the United States from Mexico on February 27, 2007 — Photo by: Al Henkel/NBC NewsWire Nbc Newswire | Nbcuniversal | Getty Images Major railroads Union-Pacific and BNSF, a … Read more

Mortgage demand slips despite drop in interest rates

Mortgage demand slips despite drop in interest rates

House for sale with “For Sale” real estate sign in yard in spring or summer season. No people. Fstop123 | E+ | Getty Images Mortgage demand fell last week compared with the previous week, despite a continued drop in rates, according to the Mortgage Bankers Association‘s seasonally adjusted index.  The average contract interest rate for … Read more

Signs are pointing to a banner travel year in 2024

Signs are pointing to a banner travel year in 2024

American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023.  Shannon Stapleton | Reuters Airlines expect record traveler numbers and revenues in 2024 but will continue to be constrained by the high cost of capital and limited capacity, the International Air Transport … Read more

Care Bears have easier time getting to U.S. from China

Care Bears have easier time getting to U.S. from China

Business is largely back to normal along the global supply chain, including where it all begins for the Care Bear: the factory floor in China. Anward Shen, owner of An’Best Toys in China, which produces the plush toys for U.S. retailer Basic Fun!, said the cost of making a Care Bear is back to where … Read more

Delta beefs up Austin flights in battle for fast-growing airport

Delta beefs up Austin flights in battle for fast-growing airport

Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country’s fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the … Read more

FedEx (FDX) earnings 2Q 2023

FedEx (FDX) earnings 2Q 2023

A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group | Getty Images FedEx shares tumbled 8% in after-hours trading Tuesday after the package delivery giant lowered its revenue forecast as weaker demand hit sales. The company said it expects a low-single-digit decline in revenue … Read more

Biden polls could suffer due to inflation even as economy improves

Biden polls could suffer due to inflation even as economy improves

New Jersey Gov. Phil Murphy on Tuesday predicted that President Joe Biden will get a much-needed boost in the polls as the economy continues to improve. “I believe it’s only a matter of time until he does get that credit,” Murphy said of Biden on CNBC’s “Power Lunch.” But pollsters contacted by CNBC are not … Read more