Strike Shuts Down Ports in Eastern U.S. and Gulf Coast

"The most important thing is going to be for the carriers, shippers, and workers to come to terms. There's really no substitute for the ports being up and running."

By Laura Curtis | October 01, 2024 at 10:08 AM

Photo: Workers picket outside the APM container terminal at the Port of Newark in Newark, New Jersey. Photographer: Michael Nagle/Bloomberg.

Dockworkers walked out of every major port on the U.S. East and Gulf coasts for the first time in nearly 50 years, staging a strike that could ripple across the world's largest economy and cause political turmoil just weeks before the presidential election.

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Prolonged Ports Strike Could Pose Supply-Chain Risks

By Catarina Saraiva | October 01, 2024

The strike could disrupt the movement of goods and impact prices and the broader economy, similar to supply-chain disruptions during the pandemic.

Prolonged Ports Strike Could Pose Supply-Chain Risks

The Fed Will Take Its Time Lowering Interest Rates

By Amara Omeokwe | September 30, 2024

Fed Chair Powell says rates will fall, but 'over time,' adding that the FOMC "is not a committee that feels like it's in a hurry to cut rates quickly."

The Fed Will Take Its Time Lowering Interest Rates

U.S. Consumer Sentiment Rises to Five-Month High

By Jarrell Dillard | September 27, 2024

Consumers expect prices to rise at an annual rate of 2.7% over the next year,

U.S. Consumer Sentiment Rises to Five-Month High

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