UAW strike: 13,000 auto workers walk off
DETROIT (AP) — Nearly one in 10 of America’s unionized auto workers went on strike Friday to pressure Detroit’s three automakers into raising wages in...
China’s Alibaba says Daniel Zhang quits cloud business in surprise move By Reuters
[ad_1] © Reuters. FILE PHOTO: Alibaba Group CEO Daniel Zhang (Zhang Yong) speaks at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November...
Is there a subprime credit-card crisis on the horizon?
Subprime consumers are falling behind on their credit-card bills. From Generation Z and millennials to Generation X and baby boomers, credit-card delinquency rates have been...
Global inflation pressures could become harder to manage in coming years, research suggests
JACKSON HOLE, Wyoming (AP) — Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends...
Global recession looms as cost of living crisis crushes post-Covid rebound
A global recession is looming as rising interest rates and the cost of living crisis eat away at the remaining strength of the post-Covid rebound,...
Exclusive-Tyson Foods plans to sell China poultry business -sources By Reuters
[ad_1] © Reuters. FILE PHOTO: The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File Photo By Kane Wu and...
Fitch warns it may be forced to downgrade dozens of banks
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades...
Singapore central bank says three business days is ‘timely transfer’ for stablecoins By Cointelegraph
[ad_1] While blockchains continue to revolutionize payments by allowing instant transfers, Singapore’s central bank believes three business days is a “timely transfer” for single-currency stablecoins...
Goldman Sachs predicts when the Fed will finally start cutting rates
Goldman Sachs predicts that rate cut relief won’t come until the second quarter of next year as the Federal Reserve scrambles to tame inflation despite...
Hut 8 Mining Receives Interim Order and Filing of Management Information Circular in Connection with the Business Combination with US Bitcoin By Investing.com
[ad_1] © Reuters Hut 8 Mining (HUT) Receives Interim Order and Filing of Management Information Circular in Connection with the Business Combination with US Bitcoin...