About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to MORE
After contract negotiations this summer, full-time drivers for UPS saw an uptick in salaries including benefits from $145,000 to $170,000 according to recent data from the shipping service company. The largest union in the nation, Teamsters, MORE
The Federal Reserve announced on Wednesday it would raise interest rates a quarter percentage point (or 25 basis points), to a 22-year high. Interest rates are now at a range of 5.25 to 5.5 percent, the MORE
For the month of May, payrolls in the public and private sector increased by 339,000, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth. The unemployment rate rose MORE
From the state that once employed children to work in coal mines, the US Department of Labor said Tuesday that two 10-year-old children were found working at a Louisville, KY, McDonald’s restaurant — sometimes until 2 a.m. MORE
Stocks in the banking industry have fallen since the collapse of SVD and Signature Bank. Shares of the Swiss bank, Credit Suisse were down by more than 20% after its biggest backer, Saudi National Bank, chose not MORE
“The FDIC on Friday took control of SVB’s assets and over the weekend Signature’s,” Biden said. “All customers who had deposits in these banks can rest assured they will be protected and they’ll have access MORE
Although unemployment ticked up a bit to 3.6% from 3.4% in January as more than 400,000 people joined the workforce, US employers added 311,000 jobs in February. January’s job gains were only slightly weaker than MORE
Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. California’s governor MORE
The July jobs report just came in and the US added 528,000 jobs beating estimates of 258,000. Unemployment remains very low at 3.5%. Wages also surged higher, as average hourly earnings jumped 0.5% for the MORE
This week, Biden announced a move that observers had long been expecting: An official visit to Saudi Arabia, effectively thawing diplomatic relations between the countries, and acknowledging that treating the powerful petrostate as a “pariah” MORE
President Biden on Wednesday warned the CEOs of seven oil companies that he is considering using emergency authorities of the federal government to increase U.S. refinery capacity and output. The letter was sent to the MORE
Lordstown Motor’s prototype burnt down to the ground in it’s first few minutes of operation, it’s now known as the good old days. The company’s financial future hangs on a deal it struck last September MORE
The national average for a gallon of gas hit an all-time record high in the U.S. on Tuesday, and for a short time on Monday the popular app GasBuddy went down as consumers searched for MORE
From the Washington Post: The U.S. economy grew 5.7 percent in 2021, the fastest full-year clip since 1984, roaring back in the pandemic’s second year despite two new virus variants that rocked the United States. MORE
CNBC: Nonfarm payrolls rose by 199,000 in December, far fewer than the 422,000 estimate. The unemployment rate dropped to 3.9%, better than the 4.1% estimate. Wages increased more than expected, rising 4.7% year over year. MORE
There is extraordinary good economic news that the Democrats are not talking about. Biden and the Democrats are presiding over the strongest two-year performance on growth, jobs, and income in decades. Federal Reserve Chair Jerome MORE
The Biden administration is expected to announce they will release his decision to release oil from the Strategic Petroleum Reserve on Tuesday during a speech at the White House, officials tell CNN, but the timing of such a MORE
CHP Sgt. Curtis Martin told reporters that the truck had been headed from San Diego to an office of the Federal Deposit Insurance Corp., commonly known as the FDIC. It’s not clear which office the MORE
All the wannabe, MAGAt economists can now pipe down and move on to the next faux outrage. William Foster, vice president and senior credit officer (Sovereign Risk) at Moody’s Investors Service, told Reuters that both MORE
All is not so happy at the happiest place on Earth. The guests of the Magic Kingdom are restless. Despite reopening more than six months ago, Disney World and Disneyland have yet to restart their MORE
“There’s a solid body of evidence that suggests paid leave has a positive effect on parents and doesn’t adversely affect employers. Paid maternity leave is associated with improved physical and mental health for both mothers and infants, MORE
MOLINE, Ill. (AP) — More than 10,000 Deere & Co. workers went on strike Thursday, the first major walkout at the agricultural machinery giant in more than three decades. The union had said its members MORE
On Wednesday, President Biden will address the supply chain issues the United States has experienced since the beginning of the pandemic. Major retailers have warned us about ‘shortages and price hikes during the upcoming holiday MORE
A record number of people have quit their jobs, inspired by a combination of factors that include ample opportunities elsewhere and better pay. In August, about 2.9% of the workforce, or 4.3 million people walked MORE