737 MAX
Boeing halts talks, withdraws pay offer to union as strike drags on
Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.
Business
US business activity edges lower; pricing power ebbs further
U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.
$2.2 billion investment
Department Of Energy Announces $2.2B Investment In Strengthening Power Grid
On Tuesday, the Biden administration announced its plans to invest $2.2 billion into the nation’s power grid in an attempt to revamp the grid against the threat of extreme weather and move forward with President Joe Biden’s clean energy program.
Average Hourly Earnings
US job growth slows moderately; unemployment rate rises to 4.1%
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
$18 billion
Biden Administration Announces Additional Tariffs On Chinese Imports
The Biden administration unveiled a new round of tariffs on $18 billion of Chinese imports. The White House said the tariff increases will protect American workers and businesses in response to China’s unfair trade practices.
adverse effects
AstraZeneca Withdraws COVID-19 Vaccine Worldwide
The UK-based pharmaceutical company AstraZeneca announced on Wednesday that it would be withdrawing its COVID-19 vaccine, allegedly due to “decreased demand.”