All Economy
Trump joins the crypto boom. Will he or Harris also regulate it?With cryptocurrency now bigger than Visa, and the Trump family launching a platform, the industry is also preparing for the rise of federal regulation.
First LookIn a sharp rebuke of Boeing, 30,000 air machinists lower tools to raise picket signsAfter negotiations for a 25% pay raise and other benefits stalled, nearly 30,000 Boeing assembly workers have begun striking in Seattle. The strike will shut down airplane production but is unlikely to affect commercial flights.
The job market needs workers. The newest ones are over age 75.This Labor Day, the fastest-growing part of the workforce is also the oldest – people well past “retirement age” seeking both income and activity.
California is bad for business? Don’t tell Californians.California’s business climate has vocal critics including CEOs like Elon Musk, but the state’s cheerleaders say there’s no better place for innovation.
Whether it’s Harris or Trump, populist policies could affect your walletAmerican politicians are leaning into economic populism. If enacted, tariffs or price regulations can harm consumers and the economy, policy experts say.
The ExplainerHarris urges a ban on price gouging: Will that keep food inflation down?With inflation on voters’ minds, Kamala Harris pitches a ban on grocery store price gouging. What’s behind food prices, and can her plan help?
Iran hacking Trump? AI deepfakes? Cyber side of 2024 election heats up.Recent days have seen false allegations of AI meddling, actual AI meddling, and reports of old-style hacking all involving the election campaign. From Iran to artificial intelligence, how big a risk is cyber chaos for the Trump-Harris race?
Stock sell-off spotlights Fed’s role in the economy – and the electionThe Federal Reserve is signaling a cut in interest rates to sustain economic growth. The timing means some will say it’s politically motivated.
Teen summer jobs are back. What’s behind the return of a rite of passage?Sacking groceries and scooping ice cream had been seen as a vanished rite of passage. But this year, the teen summer job is back in a big way.
FocusIn swing state Nevada, the vote may hinge on housingLow housing stock and inflation woes have put homeownership out of reach for many Americans. In Nevada, it could tip the presidential election.
Extreme weather and inflation spur perfect storm for home insuranceHomeowners insurance is more difficult to get and more expensive than ever, largely because of more frequent extreme weather events. What are homeowners’ options and long-term solutions?
Economic signals are blinking green. Why Americans are still seeing red.Jobs in the U.S. economy keep expanding and the inflation rate has largely normalized. Yet economic worries and frustrations persist. Here’s what’s keeping the public from feeling more positive about the economy.
First LookA fare deal: Uber and Lyft drivers to earn $32.50 per hour in Massachusetts settlementUber and Lyft drivers will earn a minimum of $32.50 per hour along with benefits like paid sick leave and health care stipends in a new Massachusetts settlement. The companies will pay an additional $175 million to resolve previous wage law violations.
First LookChinese EVs may be coming to the US – through MexicoChinese electric vehicle automakers may circumvent American tariffs by setting up shop in Mexico. Without U.S. government intervention, they are likely to outcompete American EV manufacturers.
Tesla shareholders approve record pay for Musk. Are pricey CEOs worth it?By approving Elon Musk’s huge pay package that was thrown out by a Delaware judge, Tesla shareholders highlight unsettled questions over CEO pay.
‘Hey Siri, can you win the AI race?’ How Apple Intelligence could be a game-changer.Apple is diving into artificial intelligence – focused on the idea of a “virtual personal assistant.” Apple Intelligence will make Siri and some iPhone 15 models smarter – and perhaps spur sales of new gadgets.
First LookUS gas prices are falling just in time for summer travelU.S. gas prices are finally coming down, but why now? Industry analysts point to a change in demand as well as a decrease in oil prices worldwide.
First LookGameStock’s dizzying Wall Street ride: fast, furious, and now, familiarGameStop and meme stocks are booming once more this week. Welcome to the new age of investing, one where anyone can buy a stock with zero commissions simply by tapping a few times on a phone.
First LookAirline revenues are at a high – so why are ticket prices also expected to soar?Worldwide inflation and pandemic production delays are some of the reasons why summer airline tickets are sky-high. Airline revenue is estimated to reach nearly $1 trillion in 2024, a record high.
The ExplainerTired of delayed flights? New flying law offers refunds, keeps families together.Americans are expected to fly more this summer, with a spike already this Memorial Day. A new law means changes are coming for airline passengers.
