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Dockworkers' union reaches tentative agreement, will suspend port strike until January
U.S. port operators have proposed a conditional offer of a 62% wage increase to dock workers to end a strike and get back to work, FOX Business has learned.
National Debt Tracker: American taxpayers (you) are now on the hook for $35,677,760,608,035.45 as of 10/3/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Strike grinds coffee shipments to a halt at East and Gulf Coast ports
The strike by unionized dockworkers at East and Gulf Coast ports has ground coffee shipments to a halt, setting up a supply squeeze given the heavy U.S. reliance on coffee imports.
Mortgage rates inch higher
Mortgage rates climbed slightly this week, with the average for both 30- and 15-year fixed-rate notes rising as the housing market remains largely stalled.
Port strike: distilled spirits exports and imports at risk says trade group
A trade association said the distilled spirits industry and its consumers are facing impacts from the dockworker strike at East and Gulf Coast ports — and could experience even more if it continues.
US port strike: GM, Walmart, LG top importers at impacted ports
Data shows General Motors, Walmart and LG Electronics have the greatest exposure to the ongoing union dockworkers' strike impacting dozens of ports on the East and Gulf coasts.
Automation is the 'most polarizing conversation' we have in our industry: Gene Seroka
Port of Los Angeles Executive Director Gene Seroka weighs in on the adoption and importance of automation amid the port strike and discusses his port's productivity.
We need automation in our ports ‘as soon as possible’: Jon Levine
New York Post political reporter joins ‘Varney & Co.’ to discuss the East Coast port strike and New York City’s Mayor Eric Adams’ ongoing federal trial.
Private sector job growth rose to 143,000 in September, beating expectations: ADP
The U.S. private sector's job gains in September beat expectations, with ADP reporting that 143,000 jobs were added last month — more than the 120,000 expected by LSEG economists.
Port strike and cruise lines: Will operations be disrupted?
The status of cruise operations was in the spotlight after dockworkers at ports along the East and Gulf Coasts went on strike after midnight on Tuesday.
