The United Auto Workers are getting down to the wire in negotiations with the “Big Three” U.S. automakers — General Motors, Ford and Chrysler maker Stellantis — over a new labor contract for around 146,000…
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Business
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After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with the previous week, according…
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Disney on Thursday amended its federal lawsuit against Florida Gov. Ron DeSantis to focus solely on its First Amendment claim that the governor politically retaliated against the company. Disney last week had asked to drop its…
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A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday…
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Tesla on Friday unveiled a restyled, made-in-China Model 3 with a longer driving range, the first time the automaker has launched a new model in China ahead of the United States. The new model, which is…
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After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with the previous week, according…
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Business
From strikes to new union contracts, Labor Day’s organizing roots are especially strong this year
Labor Day is right around the corner, along with the big sales and barbecues that come with it. But the activist roots of the holiday are especially visible this year as unions challenge how workers…
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The U.S. added more jobs than expected in August, a sign of resilience for a labor market under pressure from Federal Reserve interest rate hikes. Nonfarm payrolls grew by a seasonally adjusted 187,000 for the…
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Walgreens Boots Alliance said Friday that Roz Brewer had stepped down as the company’s chief executive. She also left the company’s board, effective Thursday. The decision was mutual, according to a news release. Shares of Walgreens were…
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Federal Reserve Governor Christopher Waller said Tuesday that the recent round of strong economic data will buy the central bank some time as it decides whether additional interest rate hikes are needed to control inflation.…