At least 45 container vessels were anchored outside U.S. ports on Thursday as a massive strike by dockworkers stretching from Maine all the way to Texas entered its third day.
U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market.
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.
Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
The Federal Trade Commission (FTC) trial has begun, with the agency continuing its push to block Kroger’s merger with Albertsons, alleging that the merger would “hurt customers and undermine competition” in the grocery store industry.
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Unionized workers at Samsung Electronics declared an indefinite strike Wednesday in a move to pressure South Korea’s biggest company to accept their calls for higher pay and other benefits.
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
The Condé Nast union has reached a labor agreement with the publisher’s management just hours before the Met Gala.