The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Delta pilots open voting for strike authorization as contract negotiations falter

video Flight cancellations fuel Delta pilot protests Delta pilots protest across the country amid staffing shortages and flight  cancellations. FOX Business’ Lydia Hu with updates. Pilots at Delta Air Lines Inc on Friday opened voting for authorizing a strike, saying negotiations with the U.S. airline for a new contract had failed to produce an "industry-leading" agreement. The Air Line Pilots […]

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European Economics Preview: Eurozone Inflation, Unemployment Data Due

Flash inflation and unemployment from the euro area are due on Friday, headlining a hectic day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany’s monthly labor market statistics. In the meantime, the Office for National Statistics releases UK revised GDP data for the second quarter. The earlier estimate showed that the economy shrank […]

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UK Royal Mint reveals King Charles III coin portrait

video Death of Queen Elizabeth II has been ‘very tough’ for King Charles III: Royal expert Royal commentator Neil Sean discusses what kind of monarch King Charles III might be on ‘Varney & Co.’ The United Kingdom can expect a slow influx of coins bearing the portrait of King Charles III. The U.K. Royal Mint announced Tuesday that coins bearing […]

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Mortgage Rates Spike Again While Pending Sales Drop And Inventory Levels Rise

On the Mortgage Front Freddie Mac (OTCMKTS:FMCC) reported the 30-year fixed-rate mortgage averaged 6.70% as of Sept. 29, up from last week when it averaged 6.29%. The 15-year fixed-rate mortgage averaged 5.96%, up from last week when it averaged 5.44%. And the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.30%, up from last week when it averaged 4.97%. “The uncertainty and […]

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Can Social Security Support 70 Million Americans?

Social Security is set to announce a cost of living payout for recipients in the middle of next month. As it does so, two problems it has collided. Social Security payments support almost 70 million Americans. That figure is growing. The cost of living increase, which will be the largest in over a decade, accelerates the date when the fund […]

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Jobless claims unexpectedly drop to lowest level in 5 months

video Fed wants millions of Americans to lose jobs as it fights inflation: Fitz-Gerald The Fitz-Gerald Group principal Keith Fitz-Gerald and Sarge986 president Stephen Guilfoyle discuss the stock markets volatile reaction to the Fed’s rate hike on ‘The Claman Countdown.’ The number of Americans filing first-time unemployment benefits unexpectedly dropped to a five-month low last week, a sign the labor […]

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Bank of America report: Nearly two-thirds of employees worried about finances

video Fed’s inflation response will drive America into ‘deep recession’: Jeremy Siegel Wharton business school professor Jeremy Siegel analyzes the Federal Reserve’s policies, warning the Fed’s actions will make a ‘deep recession’ inevitable According to a report released Tuesday by Bank of America, nearly two-thirds of employees are stressed about their finances amid scorching hot inflation. Bank of America said […]

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Social Security Increase Will Be Eaten by Inflation

In the middle of next month, Social Security payments are likely to be increased by 8% a year or better. While this is the most significant increase in 40 years, the jump will be entirely eaten up by inflation. Recipients may be worse off than when the cost of living increases were about 2%, in line with the inflation rate […]

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U.S. Leading Economic Index Extends Decline To Six Straight Months In August

Potentially signaling a recession, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators declined for the sixth consecutive month in August. The Conference Board said its leading economic index fell by 0.3 percent in August after sliding by a revised 0.5 percent in July. Economists had expected the leading economic index to come […]

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