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Striking members of the International Longshoremen’s Association will be back to work at the ports on Friday, the union announced Thursday evening, as the union and the management group representing shipping lines, terminal operators and port authorities have reached a tentative deal on wages. The agreement on wages amounts to a $4-per-hour raise for each year of the six-year contract, a source with knowledge of the negotiations told CNN. The union agreed to extend the contract it had with the United States Maritime Alliance, the management group known as USMX, which represents shipping lines, terminal operators and port authorities. That…

September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like many policymakers had hoped it would.Nonfarm payrolls are projected to show growth of 150,000, from 142,000 the month before, with a steady unemployment rate of 4.2%, according to the Dow Jones consensus. On the wage side, the forecast is for a 0.3% monthly gain and a 3.8% increase from a year ago — the annual rate being the same as August.Should the numbers come in as expected, they…

As the East and Gulf Coast ports strike continues for a third day on Thursday, consumer fears over product shortages have led to panic buying along the East Coast and Gulf Coasts, with shoppers buying up toilet paper and other household items, leaving barren shelves in their wake.The National Grocers Association, which represents more than 1,500 members in the independent supermarket sector — family-owned or privately-controlled food retail companies — told CNBC it is conveying to the public the need to remain calm. Nationally, there are more than 21,000 independent grocery stores in the United States, generating more than $250…

Mortgage rates are up slightly, with long-term notes lifting off a two-year low from last week. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage inched up to 6.12% from last week’s reading of 6.08%. The average rate on a 30-year loan was 7.49% a year ago. “The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market’s enthusiasm on rate cuts was premature,” said Sam Khater, Freddie Mac’s chief economist.  “Zooming out to the bigger…

The self-employed have the potential to earn more, and build wealth faster than a traditional employee, if their business allows. If not managed correctly, though, a solo owner can also find themselves well behind retirement unless they take proper steps to save. This reality was highlighted again with new research looking at the self-employed savings levels out of the United Kingdom. The UK, which has a public pension plan, encourages employees and business owners alike to fund their retirement. According to new research by the UK’s Institute for Fiscal Studies, only 20% of those making 10,000 pounds ($13,362) or more…

Election officials in Georgia, North Carolina and Florida are working quickly to ensure voters can still securely cast early ballots, despite the devastating storm impacts of Hurricane Helene that have in some cases left them without power, water and cell service. Potential solutions in the affected counties of the three states, which could determine the White House, could include extra polling places, extending early voting and making it easier to drop off mail ballots. “We have no power. We have no water. Cell service is limited, so right now the concern is a delay in getting the absentee ballots mailed out,…

Israel stepped up its offensive against Iran-backed militant group Hizbollah on Wednesday even as the region braced for its response to a missile attack by Tehran that intensified fears of an all-out war.The Israel Defense Forces bombarded Hizbollah’s strongholds in southern Beirut, while elite commando units faced fierce resistance from the group’s fighters as they breached the Lebanese border.Eight Israeli soldiers were killed and several injured, the Israeli military said, as the IDF’s “targeted” raids into Lebanese territory carried into a second day.Hizbollah said it had engaged Israeli troops in at least three different locations along the border, killing and…

This article was written byFollowMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Michael takes a macro-value-oriented approach to investment analysis and prides himself in being able to make investment recommendations based on cross-industry analysis.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it…

It was a calmer, more civil debate – and a less popular one overall. The vice presidential debate between Tim Walz and JD Vance scored more than 43 million viewers on TV Tuesday night, according to Nielsen estimates. The 43 million figure is the combined audience across 15 TV networks that simulcast the CBS-produced debate. An unknown number of additional viewers watched the debate on YouTube and other online platforms. Vice presidential debates are typically lower rated than presidential face-offs, and this year was no exception. Last month’s debate between Vice President Kamala Harris and former President Donald Trump drew more than…

Deutsche Bank is striking a cautious tone on Dover ‘s stock ahead of the industrial conglomerate’s upcoming earnings report. Jim Cramer is saying don’t fall for it. The firm’s wariness on Dover lands not long after the Federal Reserve began its rate-cutting cycle – generally seen as a positive development for economically sensitive corners of the market such as industrials. That’s because lower rates are typically good for businesses’ capital expenditure levels. And yet a recent pair of research reports on industrials – from Deutsche Bank and Barclays – paints a decidedly mixed view on Dover and the group overall, which includes…