By David Shepardson and Joseph White (Reuters) -Negotiators for the United Auto Workers and Ford Motor had “reasonably productive discussions” toward a new contract, the union said on Satu[...]
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September 16, 2023
Fed unlikely to raise rates in November, says Goldman Sachs
(Reuters) – The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would[...]
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Explainer-UAW strikes target Detroit Three automakers
(Reuters) -The United Auto Workers (UAW) union on Friday launched strikes at three U.S. auto plants after failing to reach an agreement over new contracts, the first-ever simultaneous labor action aga[...]
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Lagarde seized ECB colleagues’ handsets to prevent leaks
By Balazs Koranyi and Francesco Canepa FRANKFURT/SANTIAGO DE COMPOSTELA (Reuters) – European Central Bank President Christine Lagarde seized the mobile phones of her fellow policymakers at this[...]
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SoftBank’s Son plans AI deal spree after Arm IPO – FT
(Reuters) -SoftBank is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Sat[...]
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UAW says Stellantis boosts wage-hike offer to 19.5% – Detroit News
(Reuters) -Stellantis’ latest offer to the striking United Auto Workers includes raising wages 19.5% and making salaried workers hourly, the Detroit News reported on Friday, citing the union. Th[...]
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Wall Street tumbles, Treasury yields gain as focus turns to Fed
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended sharply lower and Treasury yields headed higher on Friday as plunging chip stocks and mixed economic data dampened investors’ risk ap[...]
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UAW, automakers to resume talks as strike starts to create parts shortage
By Kevin Krolicki, David Shepardson and Steve Holland DETROIT (Reuters) -The United Auto Workers said it plans to resume bargaining on Saturday after launching its first simultaneous strikes at Genera[...]
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Wall St Week Ahead: Last Fed hike tends to aid stocks, but some have doubts this time
By Lewis Krauskopf NEW YORK (Reuters) – The end of the Federal Reserve’s rate hiking cycle has generally been a good time to own U.S. stocks, but an uncertain economic outlook and stretche[...]
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