Crypto Fear & Greed Index Hits Highest Level Since 2021
The Crypto Fear & Greed Index, a measure of investor sentiment in the cryptocurrency market, has reached its highest level since November 2021 at 70.6.
UAW Escalates GM Strike as Union Pushes for Better Deal Amid Strong Earnings
In a significant escalation of the ongoing strike, the United Auto Workers (UAW) union called 5,000 members at General Motors' Arlington Assembly plant in Texas to walk off the job.
White House Unveils 31 Tech Hubs to Boost U.S. Competitiveness and Innovation
The White House has designated 31 technology hubs to enhance American competitiveness in the tech sector.
UAW Expands Strike to Stellantis Ram Truck Plant Amid Contract Disputes
The United Auto Workers (UAW) union has expanded its strike to include 6,800 workers at a plant producing Ram 1500 trucks, affecting one of Stellantis' key vehicles.
GM Matches Ford's 23% Wage Hike Offer Amid Ongoing Auto Workers Strike
General Motors (GM) has increased its offer to striking auto workers, matching Ford's proposed 23% wage hike and benefit improvements.
United Airlines Introduces WILMA Boarding System to Streamline Passenger Boarding
United Airlines is implementing a new boarding procedure, known as WILMA (window-middle-aisle), starting from October 26.
Ford Announces Layoffs of 150 More Workers in Michigan Amid Ongoing UAW Strike
Ford Motor announced that it is laying off an additional 150 workers in Michigan due to the ongoing United Auto Workers (UAW) strike, bringing the total number of furloughed workers to 2,730.
TSMC Reports Q3 Profit Decline Amidst Weak Consumer Electronics Demand
Taiwan Semiconductor Manufacturing Company (TSMC) reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion), which marked a significant decline in profit due to weak demand for consumer electronics.
UAW's Shift Towards Diversity and Expansion Beyond Auto Industry Membership
The United Auto Workers (UAW) union, traditionally associated with the automotive industry, has diversified its membership to include a significant number of higher education workers, including graduate students, adjunct professors, and postdocs.
Costco CEO Craig Jelinek to Retire, Ron Vachris to Take Helm
Longtime Costco CEO Craig Jelinek will retire at the end of the year, and he will be succeeded by Ron Vachris, who has been with the company for 40 years.
Germany Allows France to Subsidize Nuclear Plants
Germany has allowed France to use state subsidies for its nuclear power plants, breaking a deadlock in EU electricity market reform discussions.
Ford Executive Chairman Calls for End to UAW Strike, Union Rejects Plea
Bill Ford, the Executive Chairman of Ford Motor Co., urged an end to the United Auto Workers (UAW) strike, emphasizing the importance of the U.S. auto industry's future.
Rite Aid Files for Bankruptcy Amid Debt Woes and Opioid Litigation
Rite Aid, a debt-laden U.S. pharmacy chain, has filed for bankruptcy protection and plans to close underperforming stores, sell its pharmacy benefit subsidiary Elixir, and address lawsuits related to the sale of addictive opioid medications.
UAW President Shawn Fain Addresses Ongoing Strike Strategy Amidst Expansion and Negotiations
United Auto Workers President Shawn Fain announced that the union will not initiate additional walkouts against Ford, General Motors, and Stellantis in their ongoing strike but emphasized their ability to mobilize workers as needed.
Former Walmart U.S. CEO Observes a Slowdown in Consumer Spending Amid Scarce Bargain Prices
Former Walmart U.S. CEO Bill Simon has highlighted that ongoing inflation and various economic pressures are impacting retailers' ability to offer bargains, leading American consumers to be more cautious with their spending.
Altana Revolutionizes Global Supply Chain Analysis with AI-Powered Atlas
Altana, based in New York, has launched the latest version of its AI-powered tool, Altana Atlas, which aims to map and analyze global supply chains while providing a unified user experience.
Nike's Inventory Management Reports Success Amidst Industry Challenges
Nike's inventory units have decreased significantly, with a 10% year-over-year drop in inventory value, according to company executives.
UK's Pro-Motorist Policies Fuel 'Greenlash' in Europe as Governments Face Backlash
The UK government's recent pro-motorist policies have contributed to a "greenlash" against ambitious environmental initiatives in Europe.
Virality Can Dive Small Businesses to Success
Small businesses can experience a sudden surge in demand when they go viral on social media platforms like TikTok.
GM Agrees to Put Battery Plant Workers Under UAW National Contract Amid Ongoing Strike
The United Auto Workers (UAW) union has announced that General Motors (GM) has agreed to include the company's battery plant workers in the union's national contract, marking a significant development in the ongoing strike against major automakers.