Port strike ends as workers agree to tentative deal on wages and contract extension
The strike was the first by the ILA since 1977, and it impacted port operations at 36 different ports, including…
Category: Economy
Eli Lilly to build $4.5 billion research and manufacturing center to propel drug pipeline
Lilly has 11 obesity drugs in its pipeline and wants to develop more treatments for Alzheimer's disease, ALS and other…
Private payrolls show better-than-expected growth of 143,000 in September, ADP says
Companies added 143,000 for the month, an acceleration from 103,000 in August and better than the 128,000 consensus forecast ...
Stellantis U.S. auto sales extend free fall in third quarter
Stellantis reported U.S. sales Tuesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023.…
The East and Gulf Coast ports strike could be a no-win situation for the Biden administration
President Biden is sticking to his position of not forcing striking port union workers back on the job, a political…
Tesla stock slips after EV maker misses estimates on deliveries
Tesla's third-quarter deliveries report follows a rally in the stock price over the past few months. ...
Asia-Pacific markets mixed after Powell signals smaller rate cuts; China markets closed for holiday
South Korea, Hong Kong and mainland Chinese markets are closed for a public holiday Tuesday. ...
CVS is working with advisors on strategic review, sources say
CVS Health's board has engaged advisors to conduct a strategic review of its business, according to people familiar with the…
Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’
The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market. ...