Month: May 2023
UAW withholding Biden re-election endorsement until EV concerns are addressed
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, March 27, 2023. Rebecca Cook | Reuters DETROIT – Leaders of the United Auto Workers are withholding a re-election endorsement for President Joe Biden until the union’s concerns about the auto industry’s transition to all-electric vehicles are addressed, according to […]
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Jenny Craig tells employees it will shut its doors
Jenny Craig will close its doors after four decades in the weight loss and nutrition business, according to internal communications to employees reviewed by NBC News. In an email sent to employees late Tuesday, the company said it will close “due to its inability to secure additional financing.” Jenny Craig corporate and salaried field employees’ […]
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McDonald’s franchisees fined after 305 minors, including 10-year-olds, found working illegally
McDonald’s location in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images More than 300 minors — including two 10-year-olds who were unpaid — were found to be working in violation of federal labor laws at McDonald’s franchise restaurants across Kentucky and other states, the U.S. Labor Department said this week. The franchisees in total […]
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Fed raises charges a quarter stage and signals a opportunity finish to hikes
The Federal Reserve on Wednesday approved its 10th interest amount maximize in just a tiny around a calendar year and dropped a tentative hint that the present-day tightening cycle is at an end. In a unanimous determination broadly predicted by marketplaces, the central bank’s Federal Open Current market Committee raised its benchmark borrowing price by […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open up Marketplace Committee statement with the one issued after the Fed’s previous policymaking conference on March 21-22. Textual content removed from the March statement is in purple with a horizontal line by the center. Textual content showing up for the first time in the new statement is in pink and underlined. Black […]
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Prosecutors close to determination on charging Hunter Biden, report claims
Hunter Biden, U.S. President Joe Biden’s son, attends the once-a-year Easter Egg Roll on the South Lawn of the White Property on April 10, 2023 in Washington, DC. Drew Angerer | Getty Images Federal prosecutors are acquiring shut to selecting whether to criminally charge Hunter Biden, the son of President Joe Biden, just after a […]
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FDA approves GSK’s RSV vaccine for older adults, world’s first shot against virus
A GSK lab in London. Oli Scarff | Getty Images The Food and Drug Administration on Wednesday approved an RSV vaccine produced by GlaxoSmithKline for use on adults ages 60 and older. The approval, the first ever globally by a regulatory body for an RSV vaccine, is a decisive victory for GSK in a race […]
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Deposition of JPMorgan CEO Dimon in Jeffrey Epstein lawsuit established for late Might, source states
Jamie Dimon, chairman and chief government officer of JPMorgan Chase & Co., all through a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., US, on Thursday, Sept. 22, 2022. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon will be deposed in late May possibly around two days for […]
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Former prime execs of SVB and Signature Financial institution will testify at Senate hearing this month
Folks stroll by a Manhattan department of Signature Financial institution which was closed by financial institution regulators on Sunday on March 13, 2023 in New York City. Spencer Platt | Getty Illustrations or photos WASHINGTON — Former top rated executives of failed Silicon Valley Bank and Signature Financial institution will testify ahead of the Senate […]
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Stocks making the biggest moves midday: CVS Health, Eli Lilly, Clorox, Yum and more
In this article SBUX GNRC LLY YUM PACW AMD Follow your favorite stocksCREATE FREE ACCOUNT A CVS pharmacy stands in a Brooklyn neighborhood on February 08, 2023 in New York City. Spencer Platt | Getty Images Check out the companies making the biggest moves midday: CVS Health — Shares fell about 3% after the company […]
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