UAW reaches deal with Ford in breakthrough toward ending strikes
The four-year deal, which still has to be approved by 57,000 union members at Ford, could set the pattern for agreements with General Motors and Stellantis.
Associated Press
Articles
Mike Johnson elected House speaker with broad GOP support
The deeply religious and even-keeled Johnson has few foes and an important GOP backer: Donald Trump.
Visa profit surges as consumers turn up reliance on digital payments
Payments processing giant Visa has benefitted from a fundamental change in consumer behavior that has led to the broad acceptance of digital payments, as well as from the growth in online shopping.
Colts QB Anthony Richardson undergoes season-ending shoulder surgery
Team owner Jim Irsay said in a social-media post that the lengthy procedure took place in Los Angeles and doctors found what they expected. He said Richardson is doing well.
Republicans nominate Mike Johnson for House speaker after Emmer’s withdrawal
Rep. Mike Johnson of Louisiana becomes the fourth nominee, hours after an earlier pick, Rep. Tom Emmer, abruptly withdrew in the face of opposition from Donald Trump and hardline GOP lawmakers.
UAW strikes at GM SUV plant in Texas as union begins to target automakers’ cash cows
The UAW’s move further escalates a labor dispute that’s in its sixth week and now has about 46,000 union workers off the job.
States sue Meta, claiming its social platforms are addictive, harm children’s mental health
Dozens of states, including Indiana, are suing Meta Platforms Inc. for contributing to the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to the platforms.
Republicans pick Tom Emmer as nominee for House speaker as they try for third time
The House has been without a speaker since the start of the month after a contingent of hard-line Republicans ousted Kevin McCarthy.
Tesla says Justice Department expanding investigations, issuing subpoenas
Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker’s partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it, the company disclosed Monday.
Chevron buying Hess for $53B in latest oil megadeal
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
Yield on a 10-year Treasury reaches 5% for first time since 2007
Besides making it more expensive for U.S. homebuyers to buy a house with a mortgage, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies. Eventually, they could help cause companies to lay off more workers.
UAW escalates strike by adding Stellantis plant with 6,800 workers
About 40,800 workers are now on strike against all three automakers. The strikes, now in their sixth week, cover seven assembly plants and 38 parts warehouses.
UAW boss says strikes will continue in bid for better offers from companies
United Auto Workers President Shawn Fain said Friday that while Detroit’s automakers have increased their wage and benefit offers, he believes the union can gain more if it holds out longer in contract talks.
UPDATE: House Republicans drop Jim Jordan as their nominee for speaker
Republicans dropped made the decision Friday afternoon during a closed-door session after the hard-edged ally of Donald Trump failed badly on a third ballot for the gavel.
UAW set to decide whether to widen strike to more auto plants
United Auto Workers union President Shawn Fain is expected to update members Friday afternoon on progress in contract talks with Detroit’s three automakers as movement was reported with General Motors.
Toyota to join Tesla’s charging network, adopt Tesla connector in future EVs
Tesla’s Supercharger network is coveted by other automakers because it has more direct current fast-charging plugs in the U.S. than any other network, and its stations are in prime locations along freeway travel corridors.
Fed chief says slower economic growth likely needed to conquer stubbornly high inflation
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high.
Applications for jobless benefits fall to lowest level in more than 8 months
Businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.
UPDATE: House speaker’s race hits impasse as defeated Rep. Jim Jordan wants to try again
Refusing to drop out, Republican Rep. Jim Jordan has brought the House speaker’s race to a stalemate.
NBA considering changes to All-Star Game format in Indianapolis
Commissioner Adam Silver said Tuesday in a televised interview on ESPN that changes are coming to the All-Star Game.