Author: Editor

Mark Zandi has added oil prices to his list of concerns that the US could be barreling toward a downturn. The Moody’s chief economist previously told Business Insider that he saw the threat of economic recession for the US as increasingly likely. Now, he believes that the threat is rising, largely due to the convergence of two key economic forces.A strong upward move in oil prices since the Iran war began has led other economists to voice concerns about the economy recently, and Zandi highlighted the weakening US labor market as a bearish force that could be exacerbated by the…

Josh D’Amaro just made his first proclamation to Disney employees as CEO.The newly minted CEO took the baton on Wednesday from longtime leader Bob Iger, who served two stints atop the Mouse House after his previous successor flamed out.”As I step into the CEO role today, I am humbled and honored to help write the next chapter of this company alongside this team,” D’Amaro told employees in a Wednesday memo, which was obtained by Business Insider.In his message to Disney staffers, also known as “cast members,” D’Amaro listed three of his top priorities for Disney:”Great storytelling and creative excellence,” which…

Containers are stacked at the Port of Los Angeles on Friday. Damian Dovarganes/AP hide caption toggle caption Damian Dovarganes/AP The Trump administration has issued a 60-day waiver of the Jones Act in an attempt to lower gasoline prices that have surged since the U.S. and Israel launched a war against Iran. The Jones Act is a century-old maritime law requiring that goods shipped between U.S. ports be transported on U.S.-built and flagged vessels. Temporarily waiving this act opens up domestic shipping routes to foreign-flagged vessels, possibly reducing shipping costs and speeding up deliveries. White House press secretary Karoline Leavitt posted…

The Bureau of Labor Statistics published new consumer price index data last Wednesday, showing the inflation rate held steady at 2.4% in February as expected. Core inflation, which excludes volatile food and energy prices, also held steady at 2.5%.However, that report was based on data mainly gathered before the start of the Iran war, which could heat up inflation and jeopardize progress toward the 2% goal. Economists expect to see the effects of the oil shock from the Iran war as soon as the next report. The Bureau of Labor Statistics published new consumer price index data last Wednesday, showing…

Money is tight, and shoppers are picky, so JCPenney is aiming to be the place to go when you want to look good on a budget.It debuted its spring collection this week in Paris, Texas, rather than the French city of light, to convey a sense of being more attainable than aspirational, brand CEO Michelle Wlazlo told Business Insider.”I respect Paris Fashion Week and all of it — we’re in the fashion business,” she said. “Our customers are not in the audience there.”At a time when top designers are offering increasingly expensive apparel and accessories, Wlazlo says she’s leaning into…

This interview is based on a conversation with Sharre Quick, who is a TSA agent in Nevada. It has been edited for length and clarity. Loading audio narration… I have worked for the Transportation Security Administration for years. Every day, I put on my uniform and report to work to help keep America’s travelers safe.Like thousands of other officers across the country, I am part of the workforce that protects our skies through the Department of Homeland Security.But right now, I am doing that job without being paid. My last paycheck was $4.27.This is my second major government shutdown since…

I’m a planner by nature, so it’s ironic that my husband and I moved from Portland, Oregon, to the Boston area without ever visiting the town we would live in. Loading audio narration… We’d visited Boston as tourists back in 2013 and loved it, and had been to other parts of Massachusetts dozens of times to visit my aunt. But when she had a severe stroke, we decided to move across the country to be with her.Since we both worked remotely, we had the flexibility to leave Oregon. However, we were banking our PTO for the actual move, and couldn’t…

Larissa Manoela and Josh D’Amaro, Chairperson of Walt Disney Parks and Resorts, wave to the audience after Panel Disney Experiences during Day 2 of the D23 Brazil: A Disney Experience at Transamerica Expo Center on November 09, 2024 in Sao Paulo, Brazil. Ricardo Moreira | Getty ImagesDisney is turning the page on a new chapter as Josh D’Amaro steps in as CEO of the media and theme park powerhouse. D’Amaro most recently served as chairman of Disney Experiences, which includes the company’s theme parks, cruise line, resorts and consumer products. He will officially succeed Bob Iger as chief executive during…

Macy’s on Wednesday beat Wall Street’s quarterly sales and profit expectations as its namesake brand showed signs of progress, yet still gave a cautious outlook for the year ahead. For the fiscal year, the company – which includes its namesake chain, higher-end department store Bloomingdale’s and beauty retailer Bluemercury – said it expects sales of between $21.4 billion and $21.65 billion and adjusted earnings per share of $1.90 to $2.10.Both of those would represent a drop from this past fiscal year, when revenue totaled $21.8 billion and adjusted earnings per share were $2.15. Macy’s sales outlook roughly matched or exceeded…

Minnesota Gov. Tim Walz testifies during a House Oversight and Government Reform Committee hearing in the U.S. Capitol Building on March 4 in Washington, D.C. Anna Moneymaker/Getty Images North America hide caption toggle caption Anna Moneymaker/Getty Images North America When Sarah Lindbo’s 14-year-old daughter Greta is thriving, she is playful, engaged and not in pain. Greta, who has cerebral palsy, requires a range of supports to get to that point. That includes doctors, medical equipment, prescriptions, a paraprofessional at school and a care assistant at home. Many of these services depend on Medicaid. “ Medicaid makes a huge impact in our…