Author: starbpo

Shares of Hawaiian Holdings went up on Tuesday after an important legal hurdle was cleared in the way of Alaska Air Group’s planned takeover. Hawaii Governor Josh Green said that the time limit for the U.S. Department of Justice to look over the deal has passed. The governor said, “Alaska has reaffirmed its commitment to our state and will keep the Hawaiian Airlines brand, protect and grow union jobs in our Hawai‘i, and continue to provide important passenger and cargo service to, from, and within the islands.” The U.S. Department of Transportation still has to agree to the deal. The…

Economists say that the Federal Reserve will use its Jackson Hole retreat to lay out a plan for slow easing that will start at its meeting in mid-September. This comes before the two days of talks that begin on Friday. The Fed’s plan is very different from the rate cuts that the market thought would happen after the weak July jobs report came out at the beginning of the month. Derek Holt, vice president of Scotiabank Economics in Toronto, said, “The word of the day is likely to be gradual.” Economists say that Fed Chairman Jerome Powell will give the…

IN ATLANTA — An election board in one of Georgia’s biggest counties has decided that people who question a voter’s eligibility will have to pay for the cost of letting the voters in question know about the problem. The Cobb County Board of Elections and Registrations agreed to the rule on Tuesday by a vote of 4-1. Debbie Fisher, a Republican on the board, was the only person who voted against the rule. As part of a nationwide effort led by Donald Trump’s supporters to remove names from the voter rolls, Republican activists are challenging thousands of voters in Georgia.…

On Friday, oil futures closed down, bringing U.S. benchmark prices down for the week. This was because worries about demand stayed high and pushed back fears of an Iranian attack on Israel in response.The price changes Market forces U.S. oil futures hit a new low for the week as Chinese data showed falling imports and refinery input demand. Tyler Richey, co-editor at Sevens Report Research, told MarketWatch that this suggests that the Chinese economy will continue to slow down, which will hurt demand around the world. Reports say that in July, refinery runs dropped 6.1% year over year in China.…

Last weekend, a candidate for president said he wanted to get rid of taxes on tip income in a key battleground state. This made critics nervous because they thought it would be a bad idea to give people a tax break. This time, the idea was first brought up by Vice President Kamala Harris at a rally in Las Vegas on Saturday. The idea was first brought up by former President Donald Trump in the same city, which has a lot of workers who get tips, two months earlier. Some people, including Trump, who called the Democratic nominee a “copycat”…

Since she started running for president two weeks ago, Vice President Kamala Harris has risen quickly in the polls and now leads former President Donald Trump across the country, according to groups that collect polls. As she gets ready for next week’s Democratic National Convention in Chicago, the California Democrat has more work to do to win over voters in swing states, who tend to be more conservative than the average American. Usually, presidential candidates try to win over undecided voters by softening their economic views. But Chris Meekins, a Washington policy analyst at Raymond James, says Harris might be…

Economists say that Federal Reserve Chair Jerome Powell will set the stage for a September interest rate cut in his speech next week in Jackson Hole. The actual size of the move will depend on the August jobs data that comes out a week later. In a note to clients, Krishna Guha, vice chairman of Evercore ISI, said that Powell will set the tone for future monetary easing by stressing the need to be “proactive” rather than “reactive” with rate cuts. The Fed won’t decide on the specifics until September 6, when they see the August employment data. “This is…

The Japanese company that owns the famous 7-Eleven convenience store chain said Monday that a Canadian competitor has made an offer to buy it out after its stock price went up. Alimentation Couche-Tard ATD -0.32% has sent Seven & I Holdings 3382 22.71% an offer to buy the company. This comes after the company’s stock rose 23% after a Nikkei report about the talks. Seven & I said it has set up a special committee to look over the proposal and put together a list of its own plans and other ways to increase the value of the company. Alimentation…

Monday saw a big drop in the prices of European defence contractors after news came out that Germany would stop giving new military aid to Ukraine. According to the Frankfurter Allgemeine Zeitung, internal documents and letters from Finance Minister Christian Lindner show that Berlin will continue to give the approved aid, and future aid will come from the sale of frozen Russian assets. BMW shares (RHM -4.13%) fell 4%, and BAE Systems shares (BA -2.89%) fell 3%. Shares in Thales HO -1.34%, Rolls-Royce RR -2.16%, and Leonardo LDO -1.59% also went down. The aerospace and defence index SXPARO 0.26% on…

Stormy Weather Ernesto turned back into a hurricane on Sunday as it moved away from Bermuda and out into the northeastern Atlantic. It sent huge waves towards the East Coast of the United States, which caused rip currents that killed one person and required many rescues. The National Hurricane Centre in Miami said that Ernesto had sustained winds of up to 75 mph, which is just about Category 1 strength. The hurricane centre said that Ernesto would get stronger over the next 12 hours. On Tuesday, it would weaken and become a post-tropical cyclone. The storm’s centre was about 520…