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Economic News and Analysis

The latest news and analysis about the health of the US economy.

Economic News

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    Business
    Bloomberg

    Howard Lutnick Sees Fed Making One Rate Cut Near Presidential Election

    (Bloomberg) -- Cantor Fitzgerald Chief Executive Officer Howard Lutnick expects the Federal Reserve to cut rates a single time this year, just ahead of the US presidential election. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a Meeting W

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    World
    FreightWaves

    Federal suit alleges AI system injured Union Pacific employee

    Wyoming locomotive engineer Andrew Kirol claims in a lawsuit that he was injured when an AI system used by Union Pacific gave incorrect information to locomotives on the train on which he was working. The post Federal suit alleges AI system injured Union Pacific employee appeared first on FreightWaves.

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    Business
    Bloomberg

    Oil Fluctuates as Slower US Growth Counters Stockpile Decline

    (Bloomberg) -- Oil swung as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a Meeting With the UAE’s $1.5 Trillion