Port employers file complaint against union to resume negotiations as strike looms
Fruit and vegetable importer Peter Kopke Sr. discusses the impact of the impending port strike on 'The Bottom Line'. employer of East Port and Bay Port filed an unfair labor practice complaint Thursday against the longshoremen's union, accusing it of refusing to negotiate ahead of a threatened strike on Oct. 1. The United States Maritime […]
Long-term mortgage rates drop to 2-year low
Global Mansion host and real estate expert Katrina Campins offers her best tips for strengthening your housing portfolio and considers the impact on the market under a future Trump or Harris administration. Mortgage rates were little changed this week, but longer-term bonds fell to their lowest levels since 2022. Freddie Mac's latest primary mortgage market […]
2 United Airlines passengers injured after aircraft abruptly slows descent
Frank Lorenzo, author of “Flying for Peanuts,” shares what he's learned in the industry on “The Claman Countdown.” United Airlines said last week that the plane had to rapidly slow its descent into San Francisco International Airport to avoid other aircraft, and two passengers were taken to hospital. The accident on United Airlines Flight 2428 […]
Nippon Steel’s acquisition of US Steel clears arbitration hurdle amid union opposition
American steelworkers spoke to FOX Business' Lydia Hu in suburban Pittsburgh, where U.S. Steel's headquarters may soon be turned over to Japan-based Nippon Steel. An arbitration panel ruled Wednesday that Nippon Steel Corp.'s proposed $14.9 billion takeover of U.S. Steel complies with the requirements of the company and its labor agreements. United Steelworkers (USW)This removed […]
What kinds of product shipments would be disrupted by port strike?
Eric Hoplin, CEO of the National Wholesalers & Distributors Association, talks about the possibility of a port strike on Mornings with Maria. A strike by some 45,000 union members is looming Dockworker Major flooding could begin next week on the East Coast and Gulf Coast, disrupting shipments of a variety of products as the presidential […]
Consumer confidence falls by largest decline in 3 years
Andy Puzder, a distinguished fellow at the Heritage Foundation and former CEO of CKE Restaurants, compared the economies of the Trump and Harris administrations, arguing that one plan is financially better. Consumer confidence plummeted in September, its biggest drop in more than three years, as Americans grew increasingly concerned about the state of the economy, […]
Expert says Medicaid, Medicare reform is critical and can save $2.1 trillion
Paragon Health Institute's Brian Blades discusses strategies for reforming key federal health care programs. Expenses Federal Health Programs As America's aging population has caused health care costs to soar in recent years, health policy experts have called for reform of programs such as Medicare and Medicaid, as well as Obamacare. Paragon Health Institute, a think […]
US grocery stores could be without popular fruit within weeks as 45,000 dockworkers threaten to strike
See what's clicking on FoxBusiness.com. American consumers may soon be unable to buy bananas and other popular fruits when they go grocery shopping: If 45,000 dock workers who have threatened to strike actually do so, fruit aisles could be emptied and prices could skyrocket. The International Longshoremen's Association (ILA), which is negotiating on behalf of […]
Last full-size Kmart in US to close
See what's clicking on FoxBusiness.com. The last full-sized Kmart store in the continental United States is reportedly set to close in October, leaving only one downsized store. The department store chain, which operated about 2,300 locations in the early 1990s, will close its full-size store in Bridgehampton, New York, on Oct. 20. Newsday reports: Quoting […]
Potential port strikes send ripple effects through supply chain, threaten inflation
Lydia Hu reports on “Mornings with Maria” about a possible port strike ahead of the holidays. The threat of port strikes on the East Coast and Gulf of Mexico is sending shockwaves through supply chains and raising concerns about rising inflation. “Goods shipped across the country will not only be delayed, but will also be […]