Business News

AM Business Notebook

>>Wall Street Welcomes Fresh Trading Month 

(New York, NY)  --  The opening bell rings this morning on Wall Street after stocks closed slightly higher to cap a positive month.  Stocks finished in the green after initially falling as Federal Reserve Chair Jerome Powell signaled less aggressive rate cuts ahead.  Powell expressed confidence in the economy in a speech Monday, but suggested the Fed is not in a hurry to cut rates quickly.  At the closing bell - the last one September - the Dow Jones Industrial Average gained 17 points to 42-330.  The S&P 500 added 24 points to 57-62.  The Nasdaq rose 69 points to 18-189.

 

>>Port Workers Strike From East To Gulf Coast

(New York, NY)  --  Workers at ports from Maine to Texas are hitting the picket lines in what could be the most disruptive walk-out to the U.S. economy in decades.  It could stop the flow of household goods, clothing, toys, cars and just about anything you can imagine right before the holidays kick-off.  The International Longshoremen's Association made good on their vow to walk out unless a new contract was agreed to.  JPMorgan says the cost to the country could be roughly five-billion-dollars a day.  The White House has said it will not invoke its legal powers to intervene.  

 

>>Strikers Reject Boeing's "Best And Final Offer"

(Seattle, WA)  --  Striking machinists have rejected what Boeing called its "best and final offer."  That's as the standoff between the aerospace giant and more than 33-thousand workers continues to drag on.  Union officials took to social media to say that negations broke off over the weekend.  Meanwhile Boeing announced yesterday that factory workers who are currently on strike would lose their company-paid healthcare benefits at the end of the day if they failed to return to work.

 

>>An Eye On Business News 

(Undated)  --  Coming up in business news today, we'll get a look at data on job openings and construction spending.  The ADP employment report comes out tomorrow, with weekly jobless claims on Thursday.  The week wraps up Friday with the always highly-anticipated monthly jobs report.  Analysts aren't expecting much change, with predictions of 144-thousand new jobs created, up a couple thousand from the month prior.  The unemployment rate is forecast to remain steady at four-point-two-percent.

 

>>Ford To Give EV Buyers Free Home Charger And Installation

(Dearborn, MI)  --  Ford will give people who buy or lease a Mustang Mach-E, Ford F-150 Lightning or E-Transit a free electric vehicle home charger.  They will also install it for free.  The automaker says EVs are "an excellent choice for many people," and they say charging the vehicles "just got easier."  Ford has also given EV owners access to Tesla's Superchargers by providing them with an adapter as sales have not risen to what they had hoped. 

On Air Now

Lars Larson
Lars Larson
7:00pm - 10:00pm
Lars Larson

FlashAlert

KBND ON FACEBOOK

Duck Insider

News Disclaimers