Hundreds of Starbucks baristas are going on a 5-day strike in Los Angeles, Chicago, and Seattle, citing unfair labor practices and stalled negotiations with the company.
According to a new survey, Americans' expectations for Donald Trump's second term are as follows: 60% of respondents favor increased military presence on the border, while 51% predict economic progress.
Seth Carpenter, Chief Economist at Morgan Stanley, said that if the president-elect imposes all the planned tariffs at once, it could backfire and result in a "big negative shock" to the economy.
Tencent Cloud CEO Dowson Tong reveals plans to revolutionize cloud computing with WeChat's integrated super app ecosystem, challenging dominant players Amazon, Google, and Microsoft
However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."
Google unveiled a major overhaul of its 20-year-old Google Maps on Thursday, announcing plans to integrate AI technology that has already proven successful in its search engine.
Consumer confidence rises while job postings fall to 7.4 million, indicating that the labor market is resilient even in the face of short-term difficulties.
Fueled by a solid earnings report and aspirations for driverless vehicles, Elon Musk's net worth soars over $270 billion as Tesla shares register the largest one-day rise in more than a decade.
In addition to higher standard deductions, the IRS has proposed several other significant changes for 2025. Notable adjustments include updates to long-term capital gains brackets, estate and gift tax exemption limits, and eligibility criteria for the child tax credit.
Amid spending pressures and slow development, the International Monetary Fund warns of a growing global debt crisis, projecting $100 trillion in debt by 2024 and 93% of GDP by 2030.
Elon Musk lashes out when the California Coastal Commission rejects SpaceX's proposal to increase the frequency of its launches, citing his political and environmental views.
According to the Energy Information Administration, U.S. dry gas production is expected to decrease from last year's 103.8 billion cubic feet per day (bcfd) to 103.5 bcfd this year.
The International Association of Machinists and Aerospace Workers District 751 (IAMAW) said Tuesday that the survey results "were overwhelmingly clear, almost as loud as the first offer: members are not interested in the company's latest offer."
The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, and the other participants in the group are Global Infrastructure Partners, an infrastructure investor soon to be part of BlackRock, and MGX, a tech investor in the UAE.
The UAW union said it filed the charges with the National Labor Relations Board against Stellantis, claiming that the company unlawfully withheld details about plans to move Dodge Durango production from a Detroit factory to one in Canada, according to a report.
Thirty thousand workers at Boeing go on strike for wages and benefits, endangering the company's ability to recover from $60 billion in debt and safety concerns.
Regulators in the European Union are looking into Google's Pathways Language Model 2 (PaLM2) for possible GDPR infractions. They are concentrating on impact assessments and the processing of personal data.
In July, there were 7.7 million job opportunities, the fewest since 2021, while layoffs increased, indicating a softening trend in the U.S. labor market.
Securing this substantial loan indicates ByteDance's eagerness to access Asia's liquid loan market, especially in light of a 44% decline in dollar loan volume this year.
Antonio Dominguez, the head of Latin America and the Caribbean at Maersk, said the company was investing $200 million in Colombia to enhance its logistics infrastructure.
