A series of protests have emerged off the coast of New England in response to concerns surrounding Vineyard Wind, the nation’s largest offshore wind project. The unrest follows an incident over a month ago in which a blade from one of the project’s turbines broke off, scattering debris into the surrounding waters and onto the…

Russia’s missile and drone barrage on Ukraine on Monday, Aug. 26, wasn’t just one of the largest since the war began — it came with a hefty price tag. Ukrainian estimates put the cost of the attack at around $1.3 billion, highlighting the enormous financial toll of Russia’s ongoing military campaign. The assault, which targeted…

Americans are more confident in the economy than analysts expected and that confidence has been growing throughout the summer. The Conference Board released its consumer confidence survey for August, with a 103.3 rating, beating the 100.7 expected and exceeding July’s 101.9 surprise.  It’s the highest confidence rating in months, but there’s more behind the headline number. …

For the first time in definitive terms, Federal Reserve Chair Jerome Powell said it is time to cut rates after witnessing “unmistakable” cooling in the labor market. Powell made the remarks Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming. “The time has come for policy to adjust,” Powell…

The Canadian government has intervened in a labor dispute involving thousands of freight train workers. The deadlock on workers’ contract negotiations could have led to a major economic disruption, impacting goods coming into the United States.    Canada’s two largest railroads, Canadian National and CPKC, locked out more than 9,000 unionized workers on Thursday, Aug. 22. Within…

Vice President Kamala Harris closed out the Democratic National Convention (DNC) by accepting her party’s nomination for president. And one of the largest diamonds ever found was just unearthed in Botswana. These stories and more highlight The Morning Rundown for Friday, Aug. 23, 2024. VP Kamala Harris formally accepts Democratic presidential nomination at DNC Vice President Kamala…

Jackson Hole, Wyoming, is known for its temperate summers, but Federal Reserve Chair Jerome Powell is probably feeling the heat turn up a bit ahead of his most-anticipated speech of the year. Powell will speak Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium at Grand Teton National Park.  Central bankers, policymakers and investors…

After a four-month slump, sales of previously occupied homes finally picked up in July. Lower mortgage rates and a rising number of homes on the market appear to have encouraged more home shoppers to make a move. Despite the news, the increased supply of homes did not help cool home prices. Sales are still down…

They were told with hard work and a good education, they’d get the career of their dreams. But for many young adults in China, that is simply not the case.  For a couple of years now, there have been rumors about the “lying flat” or “let it rot” youth in China, a characterization that the…

Panama’s government announced on Tuesday, Aug. 20, that it deported 29 Colombians on the first deportation flight funded by the United States government. The move is part of an agreement made in July between Panama and the U.S. The deportation flight falls in line with Panama’s new president, Jose Raul Mulino, who vowed during his…