Historic Move: UAW Invites President Biden to Support Strikers
In a move marking a significant historical milestone, the United Auto Workers (UAW) extended a formal invitation to President Joe Biden to join their picket
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Investors Reaction: Stocks Slide on Fed’s Extended Interest Rates.
Following the Federal Reserve’s announcement on Wednesday, stocks plummeted due to the indication of prolonged elevated interest rates. Over a span of two days, the
FTC Prepares Antitrust Lawsuit Against Amazon
In a significant move toward curbing monopolistic practices within the tech industry, the Federal Trade Commission (FTC) is poised to file a highly anticipated antitrust
US Steel Acquisition: Stelco Holdings Makes Ambitious Move
In a bid to bolster its steelmaking assets and fortify its presence in the automotive metal supply market, Canadian steel manufacturer Stelco Holdings Inc. has
McDonald’s Boosts Royalty Fees in US and Canada for 2024
McDonald’s Corporation has announced an increase in royalty fees for new franchise restaurants in the United States and Canada, as revealed in a letter obtained
Russia’s Diesel Export Ban Raises Winter Supply Worries
Russia’s recent decision to impose a ban on the export of diesel and gasoline has sent ripples through the global fuel market., sparking concerns about
Vietnam’s VNG Hits Pause on US IPO Amidst Market Flux
VNG Ltd., a prominent internet startup based in Vietnam, has opted to defer its plans for a US initial public offering (IPO), as disclosed by
Federal Reserve Warns of Rate Hike, Prolonged Elevated Rates
In a stark advisory issued on Friday, Federal Reserve officials signaled an impending rate hike, underscoring the likelihood of sustained elevated interest rates aimed at
Banks Face Headwinds as Federal Reserve Keeps Rates High
In a decisive move this week, the Federal Reserve conveyed its intention to maintain higher interest rates for an extended period, delivering unwelcome news to
Services Sector Data Sparks Concerns for US Economy
New data released on Friday indicates a concerning trend in the US services sector, as it edges closer to contraction. The S&P Global Flash US
