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GM offers 10% wage increases, $5,500 ratification bonuses to UAW as strike looms
UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – General Motors on Thursday offered its largest four-year wage increase in decades as […]
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UAW strike would show Biden, other leaders that it’s time to ‘pick a side,’ union boss says
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 night. “I think our strike can reaffirm to [Biden] of where the working-class people in this country stand and, you […]
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Roku stock jumps after company says it will lay off 10% of workforce
Roku products arranged in Hastings-On-Hudson, New York, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Roku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses. In a regulatory filing Wednesday, the company said the cost-cutting measures aim to bring down its […]
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Google VP shares the No. 1 thing she looks for in occupation interviews: ‘This is a critical trait’
As a vice president at Google Asia Pacific, Sapna Chadha is most thrilled about the region’s “expansion story.” “In Southeast Asia, in the last couple yrs by itself, we’ve added 100 million new world-wide-web people. And you see the quickness to adapt and to adopt changes,” she explained to CNBC Make It in a virtual […]
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This recession indicator may perhaps be a ‘broken odometer for the economy,’ professional states. Exactly where forecasts stand now
Westend61 | Westend61 | Getty Images Industry experts have been pointing to a coming downturn for the U.S. overall economy. The dilemma was when. Now, nonetheless, some corporations and industry experts are strolling back again individuals predictions, contacting into dilemma the validity of a as soon as-trusted economic downturn indicator known as the generate curve […]
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CNBC Daily Open: Why did the unemployment price and positions rise in tandem?
A employing indicator is pictured at a McDonald’s cafe in Backyard garden Grove, California on July 8, 2022. Robyn Beck | Afp | Getty Photos This report is from modern CNBC Every day Open, our new, worldwide marketplaces e-newsletter. CNBC Daily Open provides traders up to velocity on every thing they will need to know, […]
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CNBC Day-to-day Open up: Why did the unemployment level rise even as employment ended up additional?
A Chipotle restaurant advertises it is employing in Cambridge, Massachusetts, August 28, 2023. Brian Snyder | Reuters This report is from present day CNBC Everyday Open, our new, international markets newsletter. CNBC Day-to-day Open delivers traders up to speed on all the things they want to know, no make any difference where they are. Like […]
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Why youth unemployment is surging in China
China is struggling with a expanding listing of problems — real estate, semiconductor bans and labor market place gyrations. The world’s 2nd-most populous nation also has a significant youth unemployment challenge. China’s urban youth unemployment price has risen to 21% as of May well 2023, up from 15.4% two many years before. “Let us not […]
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Why auto worker strikes against GM, Ford and Stellantis seem inevitable
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC DETROIT – United Auto Workers President Shawn Fain appears ready to fire up the picket lines. The union’s bulldog new leader has repeatedly vowed to drive a hard bargain […]
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Hollywood sheds 17,000 jobs in August amid ongoing strikes
Actor Karen Brown walks the picket line with fellow SAG-AFRA actors and Writers Guild of America (WGA) writers in front of Paramount Studios in Los Angeles, California, July 17, 2023. Mike Blake | Reuters Hollywood’s labor pool is taking a hit as the dual strikes by actors and writers drag on. The film, TV and […]
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