UAW warns of potential strikes at Ford, Stellantis a year after unprecedented work stoppages
The UAW has announced a strike deadline at a Ford tool and die plant that supports F-150 production as well…
Category: Economy
Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
X and Starlink face daily fines of $5 million reals (about $920,000) for alleged ban evasion maneuvers by X in…
August home sales drop more than expected, as prices set a new record
The median price of an existing home sold in August was $416,700, up 3.1% from August 2023. ...
Trump Media shares slide with DJT sale restrictions set to lift
Donald Trump, the majority shareholder of Trump Media and the biggest name on Truth Social, said he has no plans…
The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn't in response to a…
Novartis not joining the ‘frenzy’ of weight loss drugs, CEO says
Swiss pharmaceutical giant Novartis said Wednesday that it does not plan to enter into the "frenzy" of weight loss drugs.…
What a Fed rate cut could mean for the world
From currencies and commodities; equities to bonds — global markets are braced for the first rate cut by the Federal…
Ray Dalio names the top five forces shaping the global economy
Speaking at the Milken Institute's Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated…
Harris victory seen as most likely election outcome, according to CNBC Fed Survey
The survey was taken several days after the first and possibly only debate between Vice President Kamala Harris and Donald…