Tag: Labor economy

2024-09-14

Boeing factory workers strike for first time since 2008

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Business

Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024.  M. Scott Brauer | Bloomberg | Getty Images Boeing‘s factory workers walked off the job after midnight on Friday, halting production of the company’s bestselling airplanes after staff overwhelmingly rejected a new labor contract. It’s a costly…

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2024-09-13

Boeing faces strike threat as workers vote on new contract

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A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Afp | Getty Images Boeing workers are voting on a new labor contract Thursday, setting up the potential for a crippling strike that the company’s CEO said would jeopardize the struggling plane-maker’s recovery. The tentative agreement that…

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2024-08-26

Chase Ink Business Preferred Offering 120K Welcome Bonus

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Business

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The all-time high intro offer for the Chase Ink Business Preferred® Credit Card is ending soon. You only have until 9 a.m. EST on Sept. 5, 2024, to earn 120,000 points after spending $8,000 in the first three months from account opening. This is an outstanding…

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2024-08-20

GM lays off more than 1,000 salaried software and services employees

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A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT — General Motors is laying off more than 1,000 salaried employees globally in its…

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2024-08-09

JPMorgan raises 2024 recession odds to 35%

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JPMorgan upped the likelihood it sees for the U.S. economy entering a recession this year, the latest sign of concern around the country’s financial health following the market turbulence this week. The bank raised its probability for a U.S. or global recession to 35% by year end, chief global economist Bruce Kasman told clients in a Wednesday note. That’s…

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2024-08-01

Fed holds rates steady and notes progress on inflation

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Business

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts. Central bankers made no obvious indications, though, that a reduction is imminent, choosing to maintain language that indicates ongoing concerns about economic conditions, albeit with progress. They…

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