hikes

Pilots at Alaska-owned Horizon Air win huge pay hikes in new contract

Pilots at Alaska-owned Horizon Air win huge pay hikes in new contract

The more than 700 pilots at Horizon Air, the lower-wage regional sister carrier to Alaska Airlines, have won a blowout contract that provides stunning pay increases. Captains will get an average pay hike of 74% while first officers will get a pay raise of 85%, the pilot union announced Friday. First-year captains at Horizon will …

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Will the Federal Reserve kill the stock-market bounce?

Bad news for stocks: Fed will be surprised how hard rate hikes hit economy, says BlackRock

Federal Reserve policy makers are about to surprise themselves — and not in a good way when it comes to stocks and other assets perceived as risky, according to analysts at BlackRock Investment Institute. BlackRock has argued that investors are dealing with a “regime shift” as the COVID-19 pandemic upended an unusual period of mild …

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The Fed should go on vacation after this year's rate hikes to avoid the risk of overdoing its tightening efforts, BlackRock says

The Fed should go on vacation after this year’s rate hikes to avoid the risk of overdoing its tightening efforts, BlackRock says

The Fed is right to move quickly in raising rates but should pause after this year, BlackRock said Friday.  The Fed risks overdoing its tightening and unraveling economic progress since the pandemic. The Fed is expected to raise rates in September by at least 0.5% and as much as 0.75%.   Loading Something is loading. BlackRock, …

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Shrinking the Fed's balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sheet demandable liabilities” — Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist at the IMF The Federal …

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Sony hikes the price of its PlayStation 5 console because of soaring inflation

Sony hikes the price of its PlayStation 5 console because of soaring inflation

In this photo illustration a PlayStation 5 logo seen displayed on a smartphone. Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images Sony on Thursday raised the recommended retail price of its PlayStation 5 games console in several international markets citing the global economic environment, including high inflation. The Japanese gaming giant said that …

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Asia markets drop as investors weigh concerns over Fed hikes; China cuts benchmark lending rates

Asia markets drop as investors weigh concerns over Fed hikes; China cuts benchmark lending rates

IMF to head to Colombo for more economic solutions The International Monetary Fund will visit Colombo this week to continue discussions with Sri Lankan authorities on economic and financial reforms and policies. “The objective is to make progress towards reaching a staff-level agreement on a prospective IMF Extended Fund Facility (EFF) arrangement in the near …

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Fed minutes show more rate hikes coming, but pace could slow

Fed minutes show more rate hikes coming, but pace could slow

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that U.S. inflation pressures were easing, and steeled themselves to force the economy …

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Disney CEO Bob Chapek says price hikes may hit Disney World, Disneyland again

Disney CEO Bob Chapek says price hikes may hit Disney World, Disneyland again

Disney World and Disneyland customers may soon be getting hit with another round of price hikes, according to Disney CEO Bob Chapek. After raising prices across Disney’s streaming services, including Disney+, Hulu and ESPN+, Chapek told CNBC that price hikes will likely hit the Mouse House’s popular theme parks next. “We read demand. We have …

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Fed expected to stick with hawkish rate hikes until data show further slowing in inflation

Fed expected to stick with hawkish rate hikes until data show further slowing in inflation

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to …

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Disney-owned streaming trifecta unveils price hikes, ad-supported Disney+

Disney-owned streaming trifecta unveils price hikes, ad-supported Disney+

Disney Since its launch in 2019, Disney+ has only slightly jumped in subscription costs for both monthly and annual fees. If active subscribers don’t check their account settings when a major Disney+ change goes live later this year, they won’t notice a difference in their bills, as the streaming service’s “base” price will remain $7.99 …

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