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UAW says agreement with GM will avoid strike at truck plant
A United Auto Workers local at General Motors Co.'s assembly plant in Fort Wayne, Indiana, told workers Monday it reached an agreement with the automaker to prevent what could have been a costly strike over issues at the facility.
The parties agreed on several items to avoid a strike at the plant, which local leadership threatened after GM laid...Read more
US consumer inflation outlook fell slightly, Fed survey shows
Households’ inflation expectations declined slightly, the outlook for personal income held steady and workers are feeling more confident about the job market, according to a Federal Reserve Bank of New York survey.
Inflation expectations dropped by 0.1 percentage point to 2.9% over the next year, by 0.2 percentage point to 2.5% over the next ...Read more
Bitcoin nears $90,000 as crypto market exceeds pandemic-era peak
Bitcoin’s record-breaking rally took the digital asset close to $90,000 for the first time and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.
The largest token has jumped about 32% since the U.S. election on Nov. 5, hitting an all-time high of $89,599 on ...Read more
Motormouth: Staying charged up
Q: I read your column every week and have learned a lot. Thank you for all the info. I live in Chicago and have a deep-cycle battery for my pop-up camper that I keep in my unheated garage between trips. I have it on a maintenance charger. Should I bring it indoors during the Chicago winter, or will the charger keep it ready (and undamaged) for ...Read more
Business groups promise to fight minimum wage boost in Missouri
ST. LOUIS — Retail and restaurant groups are promising to fight “with all available options” against the increase in the state’s minimum wage approved by voters this week.
The measure will increase prices for consumers and “impose significant financial burdens” on restaurants, grocery stores and other small businesses in Missouri, ...Read more
With Trump headed back to the White House, here's how the UAW moves forward
The United Auto Workers' campaigns to keep President-elect Donald Trump out of the White House, to organize more nonunion auto plants and to pressure Stellantis NV over its commitments to an idled Jeep plant in Illinois haven't gone as planned.
But UAW President Shawn Fain on Friday characterized his term atop the union so far as "the most ...Read more
Lower taxes, higher tariffs: What Trump's tax plans mean for you
Taxes may not be the first thing on your mind following the presidential election, but there’s no doubt that tax policy will play a key role in the year ahead, given that the 2017 Tax Cuts and Jobs Act (TCJA) is set to expire at the end of 2025.
The TCJA was the largest overhaul of the tax code in three decades, with massive changes for both ...Read more
These San Diego employees work 32 hours a week and get paid for 40. This is how they do it
Here is a question for the full-time workers out there.
If you added up all the minutes you squander or misallocate in a week, whether because you’re stuck on a call with a client who won’t say goodbye, or you’re sitting in another meeting that could have been an email, or tracking down your missing stapler, would that add up to an hour? ...Read more
What Trump means for the future of heat pump and EV incentives
If you’re thinking of buying an electric car or an energy-saving heat pump eligible for federal tax credits and rebates, now might be the time.
President-Elect Donald Trump has labeled the U.S. Inflation Reduction Act the “green new scam.” He’s pledged to rescind funding for the Biden administration’s signature 2022 climate law, ...Read more
Endeavor sells OpenBet, IMG Arena for $450 million in Ari Emanuel-led management buyout
Beverly Hills-based Endeavor announced Monday it will sell sports betting firm OpenBet, in a management buyout backed by Chief Executive Ari Emanuel.
Endeavor said it will sell OpenBet, along with sports data provider IMG Arena, to OB Global Holdings LLC for $450 million in cash and debt, an amount much less than what Endeavor paid for OpenBet...Read more
Delta CEO expects Trump presidency will be 'positive' for the airline
Delta Air Lines CEO Ed Bastian said Donald Trump was helpful to the carrier in his first term, and he expects his return to the White House to be “positive” for Delta.
“We worked with President Trump well in his first term,” Bastian said during an interview with The Atlanta Journal-Constitution.
Bastian, who has led Atlanta-based Delta...Read more
Jonathan Lansner: Is the California 'exodus' over?
The flow of Californians leaving for other states declined last year by the largest amount in the nation.
My trusty spreadsheet’s review of new state-to-state migration data from the Census Bureau shows 127,542 fewer California left in 2023 for elsewhere in the U.S. compared with 2022. Next came New York, down 64,054. Economic rival Texas had...Read more
Bay Area airports all remain stuck below pre-COVID passenger heights
SAN JOSE, California — All three of the Bay Area’s airports remain stuck well below their pre-coronavirus heights — but the airports in San Jose and Oakland lag far behind the pace of San Francisco airport’s post-COVID rebound.
Adding to the disquieting trends, the passenger trends in 2024 for both San Jose International Airport in the ...Read more
Blackstone CEO's Trump bet pays off as his No. 2 Plays powerful hedge
Steve Schwarzman’s early endorsement of Donald Trump is proving to be a canny wager.
The Blackstone Inc. chief’s pledge in May to “vote for change” and root for Trump marked a turning point for Schwarzman, who had previously distanced himself from the former president.
It also set him apart from high-profile business chiefs, including...Read more
Inherited IRA rules: 7 things all beneficiaries must know
An inherited IRA may be the most complex issue to handle well when wrapping up an estate. If you’ve recently inherited an individual retirement account, you can find yourself at the tricky three-way intersection of estate planning, financial planning and tax planning. One wrong decision can lead to expensive consequences, and good luck trying ...Read more
Trillion-dollar companies: 9 most valuable mega-cap stocks
The most valuable companies in the world have grown to impressive heights in recent years, with nine publicly traded companies reaching market capitalizations of roughly $1 trillion or more. All but one of the companies come from the tech sector, with many offering products and services that consumers use every day. Several of them also made it ...Read more
Dirty tricks: Google lied and cheated, federal court judges in monopoly cases say
A high-ranking Google director was texting with two of the company’s executives about digital-ads prices when he mentioned that the changes they were discussing could lead to lawsuits. Suddenly, he realized the chat’s history function was on, so the conversation would not be automatically deleted, and could be found by adversaries in any ...Read more
Biden helped propel billions into US transportation. Trump's administration could roll back that historic momentum
Whether it’s for planes, trains or automobiles, transportation projects in California have built a reputation for being slow and expensive.
That’s why it was big news when Golden State railroads were injected with nearly $280 million in federal grant funding last month — just a sliver of the U.S. Department of Transportation’s ...Read more
Farming is more high-tech than ever. Just ask Land O'Lakes' chief technology officer
The chief technology officer at Land O’Lakes has a secret to making the cooperative, its owners and its customers more digitally adept: the human touch.
A majority of Teddy Bekele’s calendar is purple — the color assigned to one-on-one meetings — as he spends his days vacuuming up knowledge and dispensing it in turn.
“It’s not just...Read more
Tesla was told to temper robotaxi fervor months before US probe
Tesla Inc. was admonished by a US agency over how the carmaker was promoting its driver-assistance technology on social media months before the regulator opened a defect investigation of the system.
In a May 15 email sent to Tesla representatives, a National Highway Traffic Safety Administration official flagged seven social media posts the ...Read more
Popular Stories
- How Trump could put his campaign promises on tariffs into action
- Business groups promise to fight minimum wage boost in Missouri
- Dirty tricks: Google lied and cheated, federal court judges in monopoly cases say
- Lower taxes, higher tariffs: What Trump's tax plans mean for you
- Inherited IRA rules: 7 things all beneficiaries must know