In our click-driven world, the threat of a US freight railroad strike and President Biden’s intervention to prevent it have been the news for the past week. But there are two groups for whom the averted strike is still front and center: the 115,000 railroad workers who will be forced to work under the terms …
The averted national railroad strike is a parable of contemporary American capitalism Read More »
SpaceX’s launch services have already become an invaluable resource for the US government, but the company is now leaping to the depths of the pool in which it had hitherto only splashed. Starshield, a new vertical within SpaceX, will provide “government entities” (think three-letter agencies) with secure communications and bespoke satellite designs. The new brand …
SpaceX becomes full defense contractor with national security-focused Starshield Read More »
WASHINGTON — President Biden on Friday signed legislation to force a labor agreement between railroads and workers who had been locked in a bitter dispute, averting a strike that could have upended the economy just before the holidays. “Without rail freight, many American industries would literally shut down,” Biden said before signing the bill, adding …
Biden signs legislation to avoid national rail strike Read More »
The stock market has spat at times over the past three weeks, but statements from Federal Reserve Chairman Jerome Powell on Wednesday prompted the S&P 500 SPX, -0.09% jump above a technical resistance level at 4030 points. The benchmark is now challenging the downward 200-day moving average (MA) and the trendline that defines the bear …
The S&P 500 is about to cross a level that could spell the end of the bear market Read More »
Posted Nov 23, 2022 8:00 AM EST In two recent speeches on November 10 and 14, Bank of Canada (BoC) Governor Tiff Macklem explained to participants and the media that immigration could be the key to ensuring labor market stability and correcting the course of inflation. His speeches addressed “the future of workers and jobs” …
It’s been a wild ride in real estate over the past few years. After a scorching market characterized by bidding wars, low interest rates and high prices, mortgage rates hit a 20-year high, leading to a slowdown in buying activity and mortgage prices. ‘purchase. Yet with inventory still low, home prices remain high, including in …
Forecast of the national housing market over the next five years Read More »
About the authors: Larry Hatheway and Alex Friedman are the co-founders of Jackson Hole Economics and the former chief economist and chief investment officer, respectively, of UBS. To the surprise of many observers (including ourselves), the midterm elections turned out to be more contested than most polls and political futures had indicated. The political tipster …
Midterms Red Ripple Brings Uncertainty to Markets Read More »
