The West Coast port labor union battle has held up over $5 billion in ocean cargo and led to a pileup up trucks, railroads and containers. Story Published at: June 09, 2023 at 09:47PM
$5.2 billion in cargo stuck off West Coast ports in truck and container bottleneck
JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm
Economic crosscurrents have divided the investing world into roughly two camps: Those who see a soft landing, and those who envision something far worse.Story Published at: June 09, 2023 at 05:12PM
GE nears deal with India’s Hindustan Aeronautics to co-manufacture fighter jet engines
The deal is expected to be signed either before or during a visit by Indian Prime Minister Narendra Modi to Washington, D.C., later this month. Story Published at: June 09, 2023 at 02:31PM
HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more
Analysts expect mortgage rates to soar and housing prices to plummet in the U.K., as the effect of higher interest rates ripples through the British housing market.Story Published at: June 09, 2023 at 01:56PM
‘Fight has only just begun’: Climate activist Greta Thunberg holds her final school strike
Greta Thunberg on Friday took part in her last school strike, signing off after 251 weeks of demonstrations with a warning that “the fight has only just begun.”Story Published at: June 09, 2023 at 01:17PM
Nearly half of people under 40 are hoping to retire before they’re 60 years old, according to the World Economic Forum
This is a “significant disconnect” between people’s retirement aims, and what is likely to happen in reality, according to the World Economic Forum.Story Published at: June 09, 2023 at 12:53PM
Ukraine’s dam disaster is ‘unlikely’ to derail its plans for a counteroffensive against Russia
The Nova Kakhovka dam breach comes amid months of buildup to Ukraine’s counteroffensive, a phase of the war that many see as potentially pivotal.Story Published at: June 09, 2023 at 12:01PM
Turkey’s Erdogan appoints a former Goldman executive as its new central bank chief
Turkey’s President Recep Tayyip Erdogan has appointed U.S. finance executive Hafize Gaye Erkan as the country’s new central bank governor.Story Published at: June 09, 2023 at 09:26AM
UBS and the Swiss government sign loss protection agreement over Credit Suisse takeover
UBS and the Swiss government announced Friday that they had signed a loss protection agreement which will come into effect once the takeover of Credit Suisse is completed. Story Published at: June 09, 2023 at 09:03AM
Tech leaders are calling for an A.I. pause because they have no product ready, Palantir CEO says
Palantir CEO Alex Karp said that to pause research and study A.I. will only give the lead to adversaries. Story Published at: June 09, 2023 at 06:33AM