Airlines Reduce Flight Cuts for Friday Despite 6% FAA Order
U.S. airlines have cut far fewer flights for Friday than the requirement that they cut 6% of domestic flights at the 40 busiest American airports, according to aviation analytics firm Cirium and airline officials.
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Trump tariffs are helping drive U.S. beef prices to new highs
President Trump's tariffs are adding to higher beef prices, along with drought and parasites in a stressed U.S. beef supply chain.
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S&P: Corporate Bankruptcies to Hit 15-Year High
Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.
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Trump Administration OKs Oil, Gas Drilling in Alaska Wildlife Refuge
The Trump administration on Thursday finalized plans to open the coastal plain of Alaska's Arctic National Wildlife Refuge to potential oil and gas drilling, renewing a long-simmering debate over whether to drill in one of the nation's environmental jewels.
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Fed's Hammack: Restrictive Monetary Policy Needed to Cool Inflation
Cleveland Federal Reserve President Beth Hammack said Thursday monetary policy needs to remain in a position where it can help lower inflation pressures, suggesting she leans against the U.S. central bank cutting interest rates again in the near future.
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Hassett: No Unemployment Data for October
Data on the U.S. unemployment rate for October may never be available after the weeks-long federal government shutdown, White House economic Adviser Kevin Hassett said Thursday as federal workers returned to work.
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