Business

Biden shrugs off recession talk, talks up fighting inflation

Biden shrugs off recession talk, talks up fighting inflation

WASHINGTON (AP) — President Joe Biden and his administration went all out Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to pull focus instead to major legislative progress on measures to tame inflation, reduce debt and preserve America’s competitive edge. The desire to accentuate the …

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JetBlue merger with Spirit Airlines could have impact on Manchester-Boston Regional Airport

JetBlue merger with Spirit Airlines could have impact on Manchester-Boston Regional Airport

JetBlue Airways has announced a deal to buy Spirit Airlines, creating the country’s fifth largest airline, which could lead to changes in the future at Manchester-Boston Regional Airport.Spirit flies out of Manchester, and JetBlue uses Boston Logan International Airport as a major hub.Manchester airport officials said that in the short term, it will be business …

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US economy contracts again, fueling recession fears | CNN Business

US economy contracts again, fueling recession fears | CNN Business

CNN  —  The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition …

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US economy contracts again, fueling recession fears

US economy contracts again, fueling recession fears

Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition of a recession as two consecutive quarters of negative economic growth. The hotly anticipated data release has taken …

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Market Rally Extends Momentum As Apple Pops, Amazon Soars

Market Rally Extends Momentum As Apple Pops, Amazon Soars

Dow Jones futures rose early Friday, along with S&P 500 futures and especially Nasdaq futures, with Apple (AAPL) and Amazon.com (AMZN) headlining another wave of overnight earnings. X The stock market rally showed strength Thursday, shrugging off a post-Fed pullback and weak earnings to move modestly higher. Key Earnings Overnight In addition to Apple and …

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Intel To Wind Down Optane Memory Business - 3D XPoint Storage Tech Reaches Its End

Intel To Wind Down Optane Memory Business – 3D XPoint Storage Tech Reaches Its End

It appears that the end may be in sight for Intel’s beleaguered Optane memory business. Tucked inside a brutal Q2’2022 earnings release for the company (more on that a bit later today) is a very curious statement in a section talking about non-GAAP adjustments: In Q2 2022, we initiated the winding down of our Intel …

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Trader Joe’s workers vote to unionize for the first time

Trader Joe’s workers vote to unionize for the first time

Comment on this story Comment Trader Joe’s workers at a store in Hadley, Mass., voted 45-31 to unionize, becoming the first at that company to do so, according to the National Labor Relations Board. The union’s victory in western Massachusetts follows a wave of successful union drives this year at high-profile employers that have long …

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Gold price can build on its 2% rally after Fed’s 75 basis point move – SSGA’s Milling-Stanley

Gold price can build on its 2% rally after Fed’s 75 basis point move – SSGA’s Milling-Stanley

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Financial markets, including gold, have breathed a collective sigh of relief after the Federal Reserve raised interest …

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