President Biden receives endorsement from the United Steelworkers (USW), highlighting his support for working families, access to collective bargaining, and strengthening the middle class.
Uber is closing its only service center in the Twin Cities in response to a pay dispute with the Minneapolis City Council, leaving drivers with no face-to-face support and signaling their intention to exit the market entirely.
Philanthropist MacKenzie Scott has donated $640 million to 361 nonprofit organizations through her organization, Yield Giving, in an open call for organizations focusing on areas with the greatest need in the United States.
Boeing plans to increase spending and slow production to address safety concerns and appease regulators, which has caused its shares to rise nearly 3%.
Subway will switch to selling PepsiCo beverages across its U.S. locations starting in January 2025, as part of a new 10-year partnership with PepsiCo, which aims to consolidate Subway's snack and beverage portfolio under one supplier and drive more efficiency.
Investors on Wall Street are awaiting further clues on monetary policy from the Federal Open Market Committee meeting, with expectations centered on potential rate cuts and updates to economic projections.
Super Micro Computer's shares fell 5% after announcing the pricing of its public stock offering, selling the shares at a discount, erasing about 28% from its market capitalization and lowering its share price to $862.
JetBlue Airways is cutting 20 routes this summer, including exiting five cities, as part of its cost-cutting efforts and to improve on-time performance after its failed Spirit merger and the grounding of some Airbus jets.
The United Steelworkers union, representing 850,000 workers in various sectors, has endorsed President Joe Biden's 2024 reelection bid due to his support for working people and opposition to the sale of U.S. Steel to Nippon Steel Corporation.
Hermès is facing a proposed federal class-action lawsuit in California, where two residents allege that the luxury brand unlawfully restricts the purchase of its Birkin handbags to customers with a "sufficient purchase history" and engages in anticompetitive practices by tying the sale of other items to the opportunity to buy a Birkin.
The Minneapolis City Council may reconsider its rideshare plan that caused Uber and Lyft to leave the city, with a notice of intent to move reconsideration being discussed at a future meeting.
The Federal Reserve is expected to keep interest rates unchanged, but investors will closely watch their new economic estimates and Fed Chair Jerome H. Powell's comments for hints at future rate cuts.
Minneapolis City Council may reconsider a minimum wage ordinance for rideshare drivers that prompted Uber and Lyft to announce they will cease operations in the city in May.
The Biden administration has implemented new vehicle emissions limits that require automakers to increase sales of electric vehicles while reducing carbon emissions from gasoline-powered models. However, the stricter requirements for EV sales will not come into effect until after 2030, reflecting a compromise made with labor unions. The rule is expected to prevent billions of metric tons of carbon emissions and reduce air pollution-related deaths. Republican-led states and fossil fuel companies are likely to challenge the rule.
The Federal Reserve plans to cut interest rates three times in 2024 despite higher-than-expected inflation, but they foresee fewer rate cuts in 2025 and have slightly raised their inflation forecasts.
Major indexes traded flat as investors awaited the Federal Reserve's rate decision, with Nvidia and Super Micro Computer experiencing declines and Cathie Wood selling shares of Block.
The Fisker Ocean received negative reviews from both YouTuber Marques Brownlee and Consumer Reports, with complaints about software issues, incomplete features, unreliable Bluetooth, poorly calibrated regenerative braking, floaty and jarring suspension, high destination charge, and various quality and comfort problems, making it difficult to recommend purchasing the car, especially considering the impending bankruptcy.
Chipotle's board of directors approved a 50-for-1 split of its common stock, making it more accessible to employees and investors, with a single share estimated to trade around $58.
Wisconsin Governor Tony Evers signed bills to facilitate the creation of an electric vehicle charging network, unlocking nearly $80 million in federal aid and allowing businesses to operate charging stations, with the goal of expanding Wisconsin's electric vehicle charging infrastructure.
Wealthy Americans are increasingly seeking to move from the U.S., with motivations including mitigating political risk, lower taxes, and enhanced global mobility, leading to a surge in inquiries for second passports or alternative residence in countries such as Portugal, Malta, Spain, Greece, and Italy, according to a report by Henley & Partners.
A non-ticketed passenger was removed from a Delta Air Lines flight in Salt Lake City for attempting to hide in two bathrooms, using a friend's Southwest Airlines "buddy pass" to board the plane.
Amazon is hosting a "Big Spring Sale" with discounts on a variety of products, including Apple devices, clothes, kitchen electronics, and furniture, running through March 25.
Uber is urging Minnesota lawmakers to pass statewide legislation to bring back ride-share services and protect drivers' earnings and flexibility after announcing plans to cease operations in Minneapolis due to a new driver pay ordinance.
Chipotle Mexican Grill's stock surpassed $3,000 for the first time after the company approved a 50-for-1 stock split in order to make the shares more affordable for potential investors, without affecting the company's valuation.
The surge in computing power on the Bitcoin blockchain driven by mining companies preparing for the upcoming halving event has accelerated the creation of new blocks, reminiscent of a similar trend observed four years ago.
Norfolk Southern is replacing its chief operating officer in response to pressure from an activist investor firm, appointing John Orr to the position to address concerns about safety and profitability.
"Star Wars" director George Lucas supports Disney CEO Bob Iger and opposes hedge fund manager Nelson Peltz's bid for board seats, stating his full faith in Iger's leadership and the power of Disney.
The board of Chipotle Mexican Grill has approved a 50-for-1 stock split, causing a 4% jump in the stock price, but shareholders will need to approve the split at the annual meeting on June 6.
The Mega Millions jackpot has reached an estimated $977 million, making it the sixth-highest jackpot in the game's history.
Nvidia, riding the wave of an AI explosion, is showcasing its latest innovations at the GTC conference, including the Blackwell architecture and GB200 GPU, as well as updates to its CUDA software platform, with high expectations for its automotive, enterprise, Omniverse, and healthcare business segments.
The recent settlement in an antitrust lawsuit against the National Association of Realtors (NAR) may lead to lower realtor commissions and more negotiable fees, potentially impacting home prices and increasing housing market competition.
President Joe Biden celebrated an agreement to provide Intel with $8.5 billion in direct funding and $11 billion in loans for computer chip plants, aiming to boost the U.S.'s global share of advanced chip production and create jobs.
Tencent plans to double its stock buyback program to $12.8 billion by 2024 in order to address investor concerns about growth during a Chinese economic downturn.
Pinduoduo's recent earnings report and potential TikTok ban/divesture controversies have implications for Alibaba investors, but PDD Holdings did not make the list of the Motley Fool's 10 best stocks to buy now.
Boeing's financial situation is worse than it appears, with the company facing a lack of growth opportunities and a culture problem that prioritizes finance over engineering excellence, making new leadership and a shift in strategy and culture necessary to navigate the current crisis.
Chipotle plans to split its stock for the first time in its 30-year history, announcing a 50-for-1 stock split that could generate more interest in the company and its stock.
Nike is expected to report its first quarterly revenue decline in nearly two years due to slower-than-expected results from its direct-to-customer strategy and sluggish demand in North America.
After a ransomware attack on Change Healthcare, a major healthcare payment industry player, the extent of compromised personal data is still unknown, leaving hospitals and medical groups unable to process payments and disrupting healthcare delivery for patients and hospitals.
The bosses of leading oil and gas companies, gathered at the Cera Week conference, have criticized efforts to transition away from fossil fuels as a "visibly failing" strategy pushed at an "unrealistic pace," advocating instead for continued investment in oil and gas. Climate campaigners denounced these claims, highlighting the industry's lack of interest in halting the climate crisis. However, scientists maintain that achieving net zero emissions by mid-century is crucial to avoid catastrophic climate impacts.
Tesla is raising Model Y prices in China, with the actual increase set to be around $3,200 due to expiring subsidies and deals, as the EV giant aims to boost sales amid concerns of a delivery miss in the first quarter.
A new gene therapy called Lenmeldy has been approved by the FDA for the treatment of metachromatic leukodystrophy (MLD) and is priced at $4.25 million, making it the most expensive medicine in the world; the therapy has the potential to stop or slow the progression of the disease with a single treatment, benefitting children who typically die before the age of 7.
Bitcoin's price plunged over 8% to under $62,000, the largest single-day decline since November 2022, due to outflows from spot exchange-traded funds (ETFs) and other factors.
France's competition authority, Autorité de la Concurrence, has fined Google €250 million for disregarding its commitments with news publishers and using their copyrighted content to train its generative AI model without notifying them, highlighting major breaches in negotiations with local publishers and agencies, despite Google signing copyright agreements with hundreds of publishers in France.
The Biden administration has agreed to provide Intel with $8.5 billion in funding and $11 billion in loans to build computer chip plants in multiple states, aiming for the US to produce 20% of the world's most advanced chips by 2030.
The Federal Reserve is expected to keep interest rates unchanged, but investors are uncertain whether three interest rate cuts are still likely in 2024 due to inflation concerns and cautious commentary from Fed officials.
Amazon's Big Spring Sale is now live, offering deals on a wide range of products including tech gadgets such as Apple's AirPods Pro for $189 and Sony's WH-1000XM5 headphones for $328.
Luxury stocks in Europe, including Kering, LVMH, Richemont, and Burberry, experienced significant declines after Gucci's owner, Kering, issued a profit warning, indicating a sharp decline in demand for high-end goods, particularly in China.
The Mega Millions jackpot has surged to $977 million, making it the sixth time in the game's history that the jackpot has reached this level.
McDonald's spin-off restaurant, CosMc's, has opened its first location outside of Illinois in Far North Dallas, offering a menu of coffee, lemonades, tea, slushies, and energy drinks, along with items like the Egg McMuffin and M&M McFlurry.
Boeing is expected to experience a massive cash drain in the first quarter due to regulatory scrutiny and slower output of its 737 Max jetliner following a mid-air accident in January, with cash outflow estimated to reach $4 billion to $4.5 billion in Q1 and margins at the commercial aircraft business being negative.
