2024-09-30

Kamala Harris promises to fight inflation

Democratic presidential candidate Vice President Kamala Harris and her husband, Doug Emhoff, stop at a Sheetz gas station in Coraopolis, Pennsylvania, on Aug. 18, 2024. Angela Weiss | AFP | Getty Images As she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters’…

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2024-09-26

‘America Forward’ tax credits will finance manufacturing revival

Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024.  Jim Watson | AFP | Getty Images Vice President Kamala Harris on Wednesday said she would work to usher in a U.S. manufacturing comeback, an appeal to the business community and an attempt to…

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2024-09-25

DOJ accuses Visa of monopoly that affects price of ‘nearly everything’

Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American consumers and merchants paying billions of dollars in additional fees, according to…

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2024-09-25

Novo Nordisk CEO testifies at Senate over weight loss drug prices

Novo Nordisk‘s top executive faced a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand for both injections soars in the U.S.  Novo Nordisk CEO Lars Fruergaard Jørgensen did not explicitly promise lawmakers at a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., that he would…

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2024-09-24

Southeast U.S. under major storm warning for potential hurricane

Heavy rains lashed the Cayman Islands on Tuesday as forecasters warned that a nearby cluster of thunderstorms could soon become a major hurricane en route to the southeast U.S. Hurricane watches were in effect for Florida’s Tampa Bay and from Englewood to Indian Pass, as well as for eastern Mexico from Cabo Catoche to Tulum and for Cuba’s Pinar…

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2024-09-24

GM’s EV sales momentum is finally building

Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. Frederic J. Brown | AFP | Getty Images WARREN, Mich. – If everything had gone to plan for General Motors over the last three years, the Detroit automaker would be well on its way to catching Tesla…

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2024-09-21

Largest port on East Coast begins preparations for a strike

Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoremen’s Association, the largest North American union for maritime workers. The ILA represents more than 85,000 longshoremen and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 ports…

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2024-09-20

UAW warns of potential strikes at Ford, Stellantis

UAW president Shawn Fain and members and workers at the Mopar Parts Center Line, a Stellantis Parts Distribution Center in Center Line, Michigan, picket outside the facility after walking off their jobs at noon on September 22, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – A year after unprecedented strikes by the United Auto Workers against the…

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2024-09-19

Boeing starts furloughing ‘large number’ of employees amid strike

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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