Social Security’s 3.2% COLA reflects cooling inflation
With the release of the September CPI-W inflation number, the Social Security Administration announced that the COLA for 2024 will...
Economy
California trucking group challenges state’s zero-emissions rule
LOS ANGELES (Reuters) - The California Trucking Association (CTA) has asked a federal judge to stop a state rule that...
Ford Motor Co., Stellantis lays off workers, says dismissals are ‘direct result’ of UAW strikes
Following the expanded United Auto Workers (UAW) strikes, Ford Motor Co. and Stellantis announced Thursday that they are laying off...
Beige Book sees ‘slightly weaker’ U.S. economy — and easing inflation
The U.S. economy exhibited “stable” to “slightly weaker” growth in the early fall, a Federal Reserve survey found, helping to...
Australia central bank sees challenging economy, inflation risks
SYDNEY (Reuters) - The head of Australia's central bank on Wednesday said the domestic economy was in a "challenging" situation...
Philadelphia Fed manufacturing gauge remains in contractionary territory for second straight month
The numbers: The Philadelphia Federal Reserve said Thursday its gauge of regional business activity remained in contractionary territory for the...
IMF says China property slowdown will weigh on Asia’s growth
By Xinghui Kok SINGAPORE (Reuters) - The International Monetary Fund (IMF) downgraded its 2023 and 2024 growth forecasts for China,...
Existing home sales fall for 6th month as supply crunch worsens
U.S. existing home sales continued to slide in September as a combination of steep mortgage rates and a worsening supply...
Jobless claims fall to 9-month low of 198,000. Not many layoffs in U.S. economy.
The numbers: The number of Americans who applied for unemployment benefits last week fell to a nine-month low of 198,000,...
Marcos Jr. suspends Maharlika Investment Fund’s regulations for review
President Ferdinand Marcos Jr. has issued a directive to suspend the Implementing Rules and Regulations (IRR) of the Maharlika Investment...
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