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Breaking News: Economy

UPS drivers to average $170,000 in pay, benefits at end of 5-year deal

by Walter Watson
UPS drivers to average 0,000 in pay, benefits at end of 5-year deal

A UPS driver pulls away after making a delivery in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images UPS‘ CEO said drivers will average $170,000 in pay and benefits …

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Italian bank stocks rebound as government waters down windfall tax

by Walter Watson
Italian bank stocks rebound as government waters down windfall tax

A pedestrian wearing a protective face mask walks in front of a UniCredit SpA bank branch in Milan, Italy, on Thursday, Sept. 3, 2020. Camilla Cerea | Bloomberg | Getty …

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Credit card balances jumped in the second quarter and are above $1 trillion for the first time

by Walter Watson
Credit card balances jumped in the second quarter and are above  trillion for the first time

Jose Luis Pelaez Inc | Digitalvision | Getty Images Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion …

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Japan current account in black for 5th month, trade balance in surplus

by Walter Watson
Japan current account in black for 5th month, trade balance in surplus

Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Philip Fong | Afp | Getty …

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Bank of Japan debated prospects of sustained inflation at July meeting

by Walter Watson
Bank of Japan debated prospects of sustained inflation at July meeting

A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Richard A. Brooks | Afp | Getty Images The Bank of Japan debated growing prospects of sustained inflation at their July meeting with …

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Canadian West Coast port workers vote yes to ratify a tentative deal. Railroad congestion continues

by Ron Morgan
Canadian West Coast port workers vote yes to ratify a tentative deal. Railroad congestion continues

Shipping containers are loaded onto rail cars at the Global Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Images Members …

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Companies crack down on customer perks and rewards like airline miles

by Anas Siddiqui
Companies crack down on customer perks and rewards like airline miles

Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023.  Eva Marie Uzcategui | Bloomberg | Getty Images It’s not your imagination: Companies are getting stingier …

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JPMorgan backs off recession call even with ‘very elevated’ risks

by Walter Watson
JPMorgan backs off recession call even with ‘very elevated’ risks

JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable. While noting that risks are …

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Prices rise for backpacks, notepads, pens

by Anas Siddiqui
Prices rise for backpacks, notepads, pens

Jamie Grill | Getty Images Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread out her shopping across multiple …

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187,000 jobs added, fewer than expected

by Walter Watson
187,000 jobs added, fewer than expected

Job growth in July was less than expected, pointing to slower growth in the U.S. economy, the Labor Department reported Friday. Nonfarm payrolls expanded by 187,000 for the month, slightly …

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