A pilot performs a walkaround before a United Airlines flight Leslie Josephs/CNBC U.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of Transportation. Now the industry is cooling its hiring. Airlines are close to their … Read more
Michael Feroli, chief U.S. economist of JPMorgan Securities, listens during a Bloomberg Television interview in New York on March 6, 2018. Christopher Goodney | Bloomberg | Getty Images The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli. “We think there’s a good case that … Read more
Once recognized by the world as a picturesque and progressive safe haven, New Zealand’s frail economy has pushed many of its citizens to leave the country. Amid high prices, steep interest rates and elevated unemployment, the government recently estimated that 131,200 people fled the country in the past 12 months through June, a record high. … Read more
Tugboats guide the Maersk Atlanta container ship at the Port of Newark in Newark, New Jersey, US, on Saturday, March 30, 2024. Bloomberg | Bloomberg | Getty Images After two days of meetings of North America’s largest longshoremen’s union amid an impasse with port ownership on a new contract, concerns of a strike are growing … Read more
Air Canada and the union representing its pilots, the Air Line Pilots Association (ALPA), are meeting this week in efforts to avoid a strike after the union said talks had “completely stalled” last week. The stakes are high after the NDP pulled their support for the Liberals, raising questions about what will happen if there … Read more
Andreypopov | Istock | Getty Images Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a jobs report expected to go a long way in determining the future of Federal Reserve policy. The Wall Street consensus is for nonfarm payrolls growth … Read more
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty Images As social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy preparing for the 2025 Europe travel season, a bet that strong demand for international … Read more
Terry Yaldo never thought this day would come. The owner of Midway Convenience in Windsor, Ont., says alcohol sales in corner stores – which officially began Thursday across the province – will be a “saving grace” for many small business owners. “It’s going to save a lot of stores from potential closure. This will give … Read more
Donald Trump is vowing to enact policies if he is elected president in November that would benefit voters’ pocketbooks, while offering few details as to how he plans to pay for them — a series of campaign promises that fly in the face of longstanding Republican Party orthodoxy about fiscal prudence and small government. Last … Read more
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018. Simon Dawson | Bloomberg | Getty Images Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for … Read more
