Trade Disruption Looms Even asKey Rates Ease: Bloomberg Tracker
The boost in demand from the start of a global interest rate easing cycle could be overshadowed by looming strikes across North America’s ports that’s set to upend trade everywhere.
https://www.bloomberg.com/graphics/global-trade-indicators/?srnd=phx-economics-v2
- Published in Global News
Arizona Supreme Court Approves Ballot Proposal Allowing Local Police to Make Border
ArrestsArizona voters will decide on a new proposal allowing local police to make arrests near the state’s border with Mexico. The Arizona Supreme Court has ruled the measure will appear on the November 5 ballot. For more information
- Published in Global News
US Retail Sales Surge Unexpectedly in July, Defying Economists’ Predictions
US retail sales experienced an unexpected 1% increase in July, surpassing economists’ expectations. This robust growth contrasts with June’s revised decline and highlights the strength of the US economy. For further details
https://edition.cnn.com/2024/08/15/economy/retail-sales-july/index.html
- Published in Global News
US Inflation Data Forecast to Show Modest Increase, Strengthening Expectations for Federal Reserve Rate Cut
US consumer prices are expected to show a modest increase in the latest report, reinforcing predictions of a Federal Reserve interest rate cut in September. For more details:
- Published in Global News
Del. Justices Affirm $266M Atty Fee Award In Dell Class Suit
On Wednesday, Delaware’s Supreme Court upheld a Chancery Court decision awarding nearly a record-breaking $266.7 million in attorney fees for stockholder lawyers who settled a class action lawsuit against Dell Technologies Inc. for $1 billion. The Supreme Court confirmed that the Chancery Court “did not exceed its discretion in setting the fee percentage.” For more information:
- Published in Global News
Tuna Price-Fixing Settlement Includes $26M in Canned Tuna
Two groups of buyers have accused major canned tuna producers of price-fixing and are seeking a California federal judge’s approval for settlements exceeding $168 million in cash. Additionally, the deal includes $26 million worth of packaged tuna products. For more information:
- Published in Global News
SEC and CFTC to Collect $474M in Fines for Texting Compliance Failures
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have announced settlements totaling nearly $474 million. This enforcement action targets broker-dealers, investment advisers, and other registered firms for failing to maintain and preserve text messages and electronic communications as mandated by federal law. For more information:
- Published in Global News
US Jobless Claims Decline for Second Consecutive Week to Lowest Level Since July
US initial jobless claims have dropped for the second week in a row, reaching their lowest point since early July. Explore the latest unemployment trends and what they mean despite a recent slowdown in hiring:
- Published in Global News
Migrant Workers in Canada Losing Life Savings to Job Scams
Canada immigration scams are costing migrant workers tens of thousands of dollars for low-level jobs. For more information
- Published in Global News
US Judge Rules Google’s Online Search Monopoly Illegal
A U.S. judge has ruled that Google engaged in illegal practices to suppress competition and sustain its monopoly on online search and advertising. This landmark ruling is a significant setback for Alphabet, Google’s parent company, and may lead to major changes in how technology giants operate. For more information
- Published in Global News
