Tag: Breaking News: Economy
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SpaceX stock has cooled. Hiring for jobs in the space economy hasn’t
The SpaceX IPO euphoria is over, but the bullish trend in space economy jobs remains in place within a labor market where many other sectors have slowed hiring.
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Stocks making the biggest moves midday: Moderna, ON Semiconductor, Rocket Lab, Eli Lilly, Sandisk & more
Here are the companies making headlines in midday trading.
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Minneapolis Fed President Neel Kashkari says he expects a rate hike this year
Kashkari said he sees a hike likely this year as the economy continues to feel the hit from spiking inflation.
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Warsh reaches within the Fed for latest advisory appointments
Warsh has added two more key advisors as he seeks to remake how the central bank approaches the economy and monetary policy.
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Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery
Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.
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Treasury yields edge lower as traders monitor inflation trajectory, Middle East latest
Treasury yields were lower Friday as energy prices fell on fresh geopolitical developments in the Middle East.
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UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal
The pause follows a container ship being struck near the coast of Oman on Thursday, with a U.S. official saying that Iran was responsible for the attack.
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Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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Iran declares new Hormuz route ‘unacceptable and dangerous,’ warns against ships transiting without approval
The stern warning underscores Tehran’s resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
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