Economy

Duluth

Dockers’ union suspends strike until January 15, source says

DETROIT (AP) — The union representing 45,000 striking U.S. longshoremen at ports on the East and Gulf Coasts has agreed to suspend a three-day strike until Jan. 15 to buy time to negotiate a new contract. The union, the International…

October 3, 2024 Eira Gwyneth

Frisco

Biden’s student loan cancellation can easily move forward

WASHINGTON (AP) — President Joe Biden last attempt Student loan cancellation is free to proceed – at least temporarily – after a Georgia judge ruled that a legal challenge should be handled by a Missouri court. Biden’s plan has been…

October 3, 2024 Bronwen Cerys

Duluth

During the port strike, some Americans panic-buy goods in bulk

Consumers can expect higher prices and reduced supply due to longshoremen’s strikes If about 45,000 union workers strike at 36 ports from Boston to Houston, consumers will feel the impact. During her lunch break on Tuesday — the day 45,000…

October 2, 2024 Eira Gwyneth

Iowa

Will the port strike impact the gas industry? Experts and federal authorities agree

Fortunately for Americans, the strike at 36 ports on the East and Gulf Coasts is not expected to disrupt the oil and gas industry – at least not immediately. Consumers can expect higher prices and reduced supply due to longshoremen’s…

October 2, 2024 Eira Gwyneth

Enterprise

Why ports are striking could be a no-win situation for the Biden administration

Mario Tama | Getty Images News | Getty Images President Biden and his administration are sticking by their position and will not invoke the Taft-Hartley Act to force International Longshoremen’s Association longshoremen back to work at ports on the East…

October 2, 2024 Idris Bevan

Idaho

The Republicans use sleight of hand to blame the Inflation Reduction Act for the price increase

Republican vice presidential candidate JD Vance has introduced a new slogan in his effort to tie Democrats to inflation: Democratic presidential candidate Kamala Harris cast the tie-breaking vote for the Inflation Explosion Act. Vance said this at least three times…

October 2, 2024 Madoc Meredith

Alabama

At the start of the strike, a photo of the ILA’s Harold Daggett with Trump circulated

Consumers can expect higher prices and reduced supply due to longshoremen’s strikes If about 45,000 union workers strike at 36 ports from Boston to Houston, consumers will feel the impact. Images of the president of the International Longshoremen’s Association meeting…

October 2, 2024 Idris Bevan

Iowa

S&P 500, Dow and Nasdaq fall, but oil prices rise after Iran attack

What is a share and how does it work? Buying stocks can be a smart way to invest and hopefully make more money over time. Major U.S. stock indexes fell while oil prices rose on Tuesday on concerns about escalating…

October 1, 2024 Eira Gwyneth

Albany

The supply of blockbuster weight loss drugs has been affected by the trade halt

A Zepbound injection pen from Eli Lilly & Co., March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike that stretched from New England to Texas halted nearly half of all trade to the U.S., customs data…

October 1, 2024 Madoc Meredith

Albany

Thousands of longshoremen closed ports on the US East Coast in a major strike Labor Rights News

Tens of thousands of longshoremen have gone on strike along the US East Coast, shutting down key shipping routes ahead of November’s presidential election – and raising concerns about shortages and inflation. The closure by the International Longshoremen’s Association (ILA)…