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☆ Here's the latest from the train derailment saga in East Palestine, Ohio
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's the latest from the train derailment saga in East Palestine, OhioOscar Munoz, former United Airlines executive chairman and CEO, joins 'Squawk Box' to discuss the corporate response to the train derailment in Ohio, the fundamental needs for the state of Ohio, and more.

☆ At least two more Fed rate hikes and no cut this year, say economists: Reuters poll
▼ + stars: | 2023-02-14 | by ( Indradip Ghosh | ) www.reuters.com time to read: +4 min

All 37 who replied to an extra question said the bigger risk was the fed funds rate would peak even higher. That means the Fed is going to keep the policy rate at high levels for quite a bit longer." One-third, or 18 of those 54 economists, predicted the fed funds rate would peak at 4.75%-5.00% and hold there through the remainder of the year. The unemployment rate, currently at the lowest since 1969, was expected to climb to 4.8% in Q1 2024, by which time most economists were expecting at least one rate cut. Asked which was more likely to compel a rate cut, 21 of 35 economists said a significant fall in inflation, with 14 saying a significant rise in unemployment.

☆ Strong U.S. jobs, wages growth expected in December
▼ + stars: | 2023-01-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

However, job growth would far exceed the pace needed to keep up with growth in the working-age population, comfortably in the 150,000-300,000 range that economists associate with tight labor markets. Household employment decreased in October and November, leading some economists to speculate that overall job growth was overstated. Yet the household survey tends to be volatile and most economists expect household employment would be revised toward nonfarm payrolls. "We would not be surprised to see an even larger rebound in household employment in December or over the coming months." But the trend in employment growth could slow significantly by mid-year.

☆ This exec helped raise $100 million to fund Latino-owned startups: It's 'a smart economic strategy'
▼ + stars: | 2022-10-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

As the U.S. slides closer to a potential recession, economists and business leaders are racking their brains for ways to improve the country's financial health. For Solomon "Sol" Trujillo, the answer is simple: Invest in Latino-owned businesses. In 2019, Trujillo, 70, founded L'Attitude Ventures, a venture capital (VC) firm that exclusively invests in Latino-owned businesses. Trujillo is a general partner at L'Attitude Ventures alongside former United Airlines CEO and chairman Oscar Munoz, Kennie Blanco, Laura Moreno Lucas and Gary Acosta, who is also a co-founder of the firm. "We want people to see that there are a lot of companies that can create growth and stimulate our country's GDP with the right support."

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