Another massive autoworkers strike expansion: 5,000 UAW workers walk off at GM's biggest plant
The United Auto Workers union announced a surprise targeted strike against General Motors' Arlington Assembly plant in Texas on Tuesday morning. 5,000 members walked off the job, joining the now 45,000 UAW members on the picket lines. This expanded strike impacts GM's Chevy Tahoe, Chevy Suburban, GMC Yukon and Cadillac Escalade.
2023-10-24 22:59
Shares in one of London's biggest IPOs this year have crashed 82%
Three months ago, CAB Payments stumbled when it went public on the London Stock Exchange, its shares falling nearly 10% on their first day of trading on a market that has been starved recently of new listings.
2023-10-24 21:55
Donor revolt at Harvard and UPenn over Israel shows big checks often have strings attached
Big money donations are booming at America's colleges, helping fund higher education for millions of students.
2023-10-24 20:25
Why bitcoin is surging again
Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It's up 20% over the past five days.
2023-10-24 20:23
Big Tech said return to the office. She had another solution
Big Tech has given workers an ultimatum: Come back to the office, or find a new job.
2023-10-24 20:15
The Fed is losing control
America's first inflation crisis in decades, combined with the Federal Reserve's aggressive interest rate hikes to combat it, has made for a topsy-turvy past couple years on Main Street and Wall Street alike. It has weighed on consumers and kept investors constantly second-guessing themselves.
2023-10-24 19:55
GM earnings rise despite strike
General Motors' earnings grew last quarter, even as the company took a $200 million hit from the first two weeks of a strike by the United Auto Workers union.
2023-10-24 18:46
Jamie Dimon and other top bankers visit Saudi Arabia as Israel-Hamas war rages
JPMorgan (JPM) CEO Jamie Dimon and Citigroup's (C) Jane Fraser are among a raft of bankers attending Saudi Arabia's annual investment conference Tuesday as Wall Street's top names try to look beyond risks that the Israel-Hamas war could widen into a regional conflict.
2023-10-24 16:48
Two economic indicators with with spooky significance
There are two numbers floating around econ media headlines lately that are (as we journalists love to say) psychological milestones.
2023-10-24 08:18
Panera faces lawsuit over 'Charged Lemonade' energy drink after 21-year-old's death
A 21-year-old woman with a heart condition is dead after consuming a heavily caffeinated energy drink at Panera Bread that she may have believed was regular lemonade, her parents alleged in a wrongful death suit against the restaurant chain.
2023-10-24 06:24
How McDonald's Middle East franchises got into a public feud over Israel
Tensions are playing out at McDonald's locations across the Middle East as the Israel-Hamas war rages on.
2023-10-24 05:50
Kim Kardashians is making Skims for men
Skims, the underwear and apparel brand founded by Kim Kardashian, is hoping to attract new customers: men.
2023-10-24 02:59