Economy

U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.

Port of Los Angeles Executive Director Gene Seroka speaks on the impacts of strikes on the other side of the country. Video broadcast Tuesday Oct. 1, 2024 on the NBC4 News at 3 p.m.

While workers at West Coast ports are not on strike, consumers may feel the effects this upcoming holiday season.

What does the strike mean for West Coast ports? John Cádiz Klemack reports for the NBC4 News at 11 a.m. on Tuesday Oct. 1, 2024. 

The first thing that’s going to be impacted by the dockworkers strike, experts said, is fresh produce, like bananas, and fresh seafood.

Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.

For the first time in four years, the Federal Reserve cut interest rates by .50% in hopes to increase employment. Conan Nolan reports for the NBC4 News at 3 p.m. on Sept. 18, 2024.

The Federal Reserve is cutting its interest rate by a half a point, the Committee said Wednesday.

The federal reserve is expected to cut interest rates for the first time in years. John Cádiz Klemack reports for the NBC4 News at 6 a.m. on Sept. 18, 2024. 

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week.

Retirees and near-retirees perhaps face the biggest risks if an economic downturn upends their financial plans. Experts say these are the questions to ask now.

One manufacturer included in the Dallas Fed’s latest survey said growth in the category typically aligns with a slowing economy.

Speaking at the Federal Reserve’s annual retreat Friday, Chair Jereme Powell said “the time has come for policy to adjust.”

Canadian National Railway, Canadian Pacific Kansas City and the Teamsters Canada Rail Conference union — which represents more than 10,000 workers — failed to come to an agreement after months of labor talks.

The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.

Many consumers are looking for some financial stability while planning for lower borrowing costs in the future. Here are some tips.

Japan’s benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street. Other world markets were mixed but appeared to have settled after the rollercoaster start to the week.

The U.S. stock market dip was a reaction to Department of Labor report of higher unemployment rates nationwide. Conan Nolan reports for the NBC News at 6 p.m. on Monday, August 6, 2024.

U.S. stocks fell sharply after opening amid concerns over a global and national economic slowdown.