Tag: business news

2024-09-20

Neither Trump nor Harris secures union backing

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Business

The International Brotherhood of Teamsters on Wednesday announced it will not formally endorse a candidate in the 2024 presidential election, ending months of speculation about whether the labor union would back Republican Donald Trump or Democrat Kamala Harris. The union’s general executive board said in a statement that its member polling showed no majority support for Harris, and no…

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2024-09-19

Boeing starts furloughing ‘large number’ of employees amid strike

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Business

Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees Wednesday. The furloughs will affect tens of thousands of Boeing employees, a company spokesperson said. The plan came less than a week after Boeing’s more than 30,000 machinists in the…

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2024-09-19

Republican former officials endorse Harris over Trump

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Business

Democratic presidential candidate Vice President Kamala Harris speaks at a campaign rally at the Bojangles Coliseum in Charlotte, North Carolina, on Sept. 12, 2024. Jim Watson | AFP | Getty Images More than 100 Republican former lawmakers and officials endorsed Democratic presidential nominee Vice President Kamala Harris in a letter, while warning that their own party’s candidate, former President…

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2024-09-19

Apple iPhone 16 Pro Max review

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Business

iPhone 16 Pro Apple Inc.  Apple’s iPhone 16 family of phones will hit shelves on Friday. Ahead of their launch, I’ve spent the past five days been testing the high-end iPhone 16 Pro Max. It’s a great phone with cool updates like a dedicated camera button, and it charges faster over MagSafe than earlier Pro models. The screens are…

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2024-09-19

Trump reverses position, vows to ‘get SALT back’

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Republican presidential nominee and former U.S. President Donald Trump attends a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024.  David Swanson | Reuters Former President Donald Trump on Tuesday vowed that he would “get SALT back” if reelected, apparently suggesting that he would eliminate the cap on state and local tax deductions…

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2024-09-18

Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey

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Business

Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images With considerable uncertainty about what the Federal Reserve will do at its meeting this week, respondents to the CNBC Fed Survey are forecasting a more gradual approach to rate cuts than is currently priced into markets. The survey shows 84% of the 27 respondents, including economists, fund managers and…

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2024-09-18

New details, including who can buy in

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Business

More than two hours into Republican former President Donald Trump’s World Liberty Financial launch event on X Monday night, the team behind the Trump family’s new crypto project finally unveiled a key detail: Who can buy the forthcoming tokens it plans to release, and how shares of the project will be allotted. For over a month, the former president and his…

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2024-09-17

Amazon tells employees to return to office five days a week

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Business

Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. The decision marks a significant shift from Amazon’s earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Now, the company is giving employees until Jan. 2 to…

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