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White House goes on offense to argue that the U.S. is not in a recession
U.S. President Joe Biden delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, U.S., July 28, 2022. Elizabeth Frantz | Reuters WASHINGTON — The White House responded to Thursday’s second quarter negative GDP growth with a full slate of events and a well coordinated message: Despite what everyone is […]
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A toxic culture and ‘race to the bottom’: Pilots open up on why air travel is in chaos
The chaos engulfing many major airports in North America and Europe since summer began hasn’t abated much, and news outlets and social media users continue to report on hordes of impatient travelers and mountains of misplaced suitcases. Source: Getty Images Canceled flights. Long lines. Staff walkouts. Missing luggage. Sound familiar? The chaos engulfing many major […]
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Massachusetts Trader Joe’s workers approve union drive
Grocery chain Trader Joe’s Melissa Renwick | Toronto Star | Getty Images Employees at a Trader Joe’s supermarket in Massachusetts on Thursday became the latest workers at a major company to approve a labor union. The store in Hadley, about 80 miles west of Boston, is the first Trader Joe’s with an employees union, although […]
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Deutsche Bank isn’t convinced a ‘slam dunk’ recession is underway just yet. Wants more evidence after latest GDP print
Deutsche Bank joined the growing chorus of voices that’s not convinced we’re in a recession yet — although the firm continues to believe we’ll likely land in one within the next year. “We still think a recession is almost a slam dunk over the next 12 months but want to see more evidence of employment […]
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Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession
This is a developing story. Check back for updates. Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 27, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell said on Wednesday he does […]
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Top Federal Reserve officials say they misread inflation and now plan to correct the course
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of analysts, economists and former policymakers have chimed in, saying that was a mistake. “The forward guidance, overall, slowed the response to the Fed […]
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Why tech workers are quitting great jobs at companies like Google to fight climate change
Sandy Anuras, the chief technology officer of Sunrun. Photo courtesy Sandy Anuras, the chief technology officer of Sunrun Tech workers are walking away from high-paying jobs with great perks to help fight what they believe is the greatest existential problem of our lifetimes: climate change. In some cases, that has meant taking a pay cut. […]
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Tesla is under scrutiny by the federal agency that enforces workplace civil rights laws
Signage is displayed on the Tesla Inc. assembly plant in Fremont, California, on Tuesday, Sept. 22, 2020. David Paul Morris | Bloomberg | Getty Images A federal agency responsible for enforcing civil rights laws against workplace discrimination issued a cause finding against electric vehicle makers Tesla in June, according to a financial filing out Monday. […]
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GM is far behind Tesla in electric vehicle sales. CEO Mary Barra has bet the company that will change
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company for its role in […]
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Amazon’s first U.S. union faces an uphill battle after historic win at Staten Island warehouse
When more than 2,600 workers at a Staten Island, New York, warehouse called JFK8 voted to join Amazon’s first U.S. union in April, it was a historic moment. But it was only the first step in a long uphill climb toward a contract. A week after the union won the election at JFK8, Amazon filed […]
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