Pilots picket as airline unions leverage summer travel woes

DALLAS (AP) — Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell encouragement. Most passengers made a beeline … Read more

Latest Economy, Business and Inflation News: Live Updates

A scheme used “aggressive and deceptive tactics” to get people to invest in fine wine and whiskey, according to federal court documents.Credit…Luke Sharrett/Getty Images One company claims on its website that purchasing its whiskey can “help you acquire a piece of history.” Another says it specializes in the acquisition and sale of “the world’s most … Read more

Voyager Digital Provides Market Update

NEW YORK, June 22, 2022 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) today announced its subsidiary, Voyager Digital Holdings, Inc. (“VDH”), has entered into a definitive agreement with Alameda Ventures Ltd. (“Alameda”) related to the previously disclosed credit facility, which is intended to help Voyager meet customer … Read more

Dow Jones Futures Fall; Fed Chief Powell Testifies As Recession Fears Grow

Dow Jones futures fell sharply early Wednesday, along with S&P 500 futures and Nasdaq futures, setting the new stock market rally on course to erase much of Tuesday’s strong gains. Treasury yields and crude oil prices also fell significantly. Federal Reserve Chair Jerome Powell will testify before Congress amid growing concerns that Fed rate hikes … Read more

Tech firms cut staff amid recession fears

Hiring freezes and layoffs are hitting the tech sector as Silicon Valley prepares for a predicted recession.   The hiring impacts are hitting companies of all sizes across tech, from industry giants to more nascent startups, signaling that the industry’s growth is slowing amid rising interest rates and surging inflation.   Near-zero interest rates, a … Read more

Hedge funds fled gold ahead of the Fed rate hike but didn’t go very far

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Hedge funds fled the gold market in anticipation of the Federal Reserve’s biggest rate hike in 28 years, … Read more

July 4 holiday travel: Worst times to hit the road, top destinations, gas prices

Despite soaring prices, nearly 3.3 million Southern Californians are expected to travel over the Fourth of July weekend, according to AAA. This will be another travel increase for Independence Day, with this year expected to get the third highest travel volume for the holiday locally, behind 2019 and 2018, Automobile Club of Southern California officials … Read more

I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now

Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of that, home prices have risen more than 20% year-over-year, causing affordability challenges for many aspiring homebuyers. And it’s likely … Read more

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. , real-estate brokerage Redfin Corp. , and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets … Read more