United States
Employees everywhere are organizing. Here’s why it’s happening now
Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during an ALU rally in the Staten Island borough of New York, U.S., on Sunday, April 24, 2022. Victor J. Blue | Bloomberg | Getty Images After years of declining influence, unions are having a […]
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Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains, trucks and […]
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Used-car prices are down from record highs, easing the impact of inflation
A sign advertises cash paid for used cars in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale used-vehicle prices have notably fallen from a record high set in January, signaling the worst of sky-high prices related to higher inflation in the U.S. may be behind us. […]
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Tennessee governor signs bill regulating medication abortions
Bill Lee, governor of Tennessee, smiles during the Conservative Political Action Conference (CPAC) in Dallas, Texas, U.S., on Saturday, July 10, 2021. Dylan Hollingsworth | Bloomberg | Getty Images Tennessee will soon strictly regulate the dispensing of abortion pills, including imposing harsh penalties on doctors who violate them, under legislation recently signed into law by […]
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Here’s where the jobs are — in one chart
Strong hiring in the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its 12th straight month of job gains of 400,000 or more. The U.S. economy added 428,000 jobs last month, the Labor Department reported Friday, the same gain as in March that followed a jump of 714,000 in […]
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Bitcoin drops nearly 10% as $126 billion is wiped off the cryptocurrency market
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor | Bloomberg | Getty Images Bitcoin cratered on Thursday as a major stock sell-off in the U.S. spooked the cryptocurrency market. Bitcoin was down about 9.6% at $35,743.22 on […]
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‘We are nowhere near the bottom,’ top economist says as global markets crater
The New York Stock Exchange on May 3, 2022. Brunello Rosa, the CEO and head of research at Rosa & Roubini, believes there is much more monetary tightening to come from central banks, and more bad news on economic activity. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this summer as […]
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U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore
Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share listing in Singapore. Nio, […]
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F1 CEO sees ‘great opportunity’ in TV rights talks with ESPN deal due to expire
Formula 1 is riding a wave of popularity in the U.S., and its CEO is shopping around its success with potential media partners for a more lucrative U.S. media deal. The racing league’s current deal with ESPN expires at the end of 2022. It was extended in 2019 to the tune of $5 million per […]
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Lucid reports 30,000 EV reservations and raises prices on its Air sedans
CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have to pay higher prices. […]
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