Gold prices are slightly higher and silver is solidly up in early trading due to short covering in the futures markets and a weaker US dollar index.
The United States Equal Employment Opportunity Commission has sued Tesla, alleging that the automaker allowed repeated displays of racism towards Black employees in its California factory, including racist slurs, taunts, and threats.
Crypto fugitive Su Zhu, co-founder of bankrupt hedge fund Three Arrows Capital, has been apprehended while attempting to flee Singapore, and has been sentenced to four months in prison for failing to cooperate with liquidators' investigation into the fund's collapse.
Toys R Us plans to make a comeback in the US by opening up to 24 new flagship stores as well as expanding into airports and cruise ships, with the aim of reviving the brand's presence and capturing the growing travel retail market.
China Evergrande Group's director and executive chairman, Hui Ka Yan, is under investigation for suspected crimes, leading to the suspension of the company's shares, as it faces mounting debts and failed bond payments.
Amazon announced that it will be adding commercials to its base Prime Video plan starting in early 2024, but users can keep the commercial-free experience by paying an additional $2.99 per month.
The Department of Health and Human Services will provide free COVID-19 tests to alleviate the financial burden of purchasing them, as cases continue to rise, with hospitals reporting an increase in admissions and deaths, and a $600 million investment is being made to produce and distribute 200 million rapid home tests.
Canadian autoworkers' union, Unifor, is voting on a tentative three-year agreement with Ford Motor Co. that addresses key priorities such as improved pensions and income security for the transition to electric vehicles, with a wage increase and elimination of health care deductibles, potentially influencing contracts with other automakers.
Pharmacy giant Rite Aid is in talks to negotiate a bankruptcy plan that may result in the closure of a significant number of its drugstores, with reports suggesting that as many as 500 stores could be closed.
U.S. President Joe Biden will travel to Michigan to show support for the United Auto Workers' strike against Detroit automakers, emphasizing his support for union workers' right to engage in collective bargaining.
A government shutdown would have widespread effects on everyday Americans, including reduced economic growth, closure of national parks and museums, disruptions in air travel and student loans, delays in tax and loan processing, a "data blackout" for economic statistics, and complications in law enforcement, military services, consumer product inspections, and social safety net programs, among others.
More than 75,000 workers at Kaiser Permanente, one of the largest healthcare providers in the US, could go on strike due to a staffing crisis and issues over pay raises and job protections, potentially marking the largest healthcare strike in US history.
Mortgage rates experienced slight increases for 15-year fixed and 30-year fixed rates after the Federal Reserve's September meeting, while 5/1 adjustable-rate mortgages saw a small decrease, with the possibility of rates continuing to rise in 2023, depending on inflation and rate hikes.
Delta Air Lines CEO, Ed Bastian, is reconsidering the controversial changes to the airline's loyalty programs and lounge access policy, admitting that they "probably went too far" and promising modifications in the coming weeks.
The United Auto Workers (UAW) strike against the Big Three automakers is leading to layoffs and work stoppages due to supply chain disruptions, with further strikes threatened if negotiations do not progress.
Lawyers handling FTX's bankruptcy case are suing Sam Bankman-Fried's parents, accusing them of siphoning millions of dollars from company funds and violating federal campaign finance disclosure rules.
DuckDuckGo CEO testifies in federal court that Google's exclusive contracts hindered the search engine's efforts to become the default for private browsing modes in other browsers.
Amazon plans to hire 250,000 seasonal workers for the holiday season, paying an average of $20.50 per hour, as it expands its fulfillment centers and delivery stations across the US.
Starbucks will have to face a consumer protection lawsuit alleging that its fruit Refresher drinks do not contain the fruit advertised, as a federal judge denies the company's bid to dismiss the case.
The Biden administration will resume taking orders for free at-home COVID-19 tests starting September 25 and plans to boost domestic manufacturing of the tests, with four free tests being available per household through the government's COVIDTests.gov portal.
Klaviyo, an e-commerce marketing automation company, experienced a successful IPO with its shares surging 23% in their New York Stock Exchange debut and raising $345 million in cash.
NVIDIA's French headquarters were raided by France's antitrust watchdog as part of an investigation into anti-competitive practices in the graphics card sector, which is linked to a larger probe into the cloud market and hindrances to competition posed by major players like Amazon, Microsoft, and Google.
Coffee shops across the US are celebrating National Coffee Day on Friday by offering free cups of coffee, with some chains even introducing loyalty programs that incentivize customers of rival coffee shops to switch.
The Equal Employment Opportunity Commission (EEOC) is suing Tesla, accusing the company of allowing racial harassment of Black workers at its California plant and retaliating against complainants, adding federal charges to existing discrimination claims.
Costco rapidly sold out of gold bars as investors turn to traditional safe-haven assets like gold during economic uncertainty and rising inflation, but the performance of gold is being overshadowed by Bitcoin's impressive gains and lower equivalent inflation rate.
Shimano has issued a recall of over 760,000 road cranksets sold in the US and Canada due to reports of cranksets separating, resulting in injuries, and owners are invited to contact authorized dealers for a free replacement.
The ongoing United Auto Workers strike against the Big Three automakers could result in gains for Tesla and foreign automakers as Ford, GM, and Stellantis face challenges in transitioning to electric vehicles and potentially raising prices, according to Wedbush analysts.
Sales of previously owned homes fell 0.7% in August from July, with high mortgage rates and tight supply impacting potential buyers.
The U.S. government is relaunching the program that sends free COVID-19 tests to households, allowing Americans to order four tests online through COVIDTests.gov starting on September 25.
The Biden administration is investing $600 million in manufacturing COVID tests and will send up to four free tests per household to anyone who requests them through the COVIDtests.gov website.
Indonesia has banned e-commerce transactions on social media platforms, including TikTok, causing concerns for the app's future and potential impact on small businesses.
Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp, with his son Lachlan Murdoch taking over as sole chairman of both companies.
Several fiction writers are suing Open AI, alleging that the company's ChatGPT chatbot is illegally utilizing their copyrighted work to generate copycat texts.
Disney plans to spend $60 billion on parks, experiences, and consumer products over the next decade, but investors are concerned about the return on investment and the impact on free cash flow.
Millions of student loan borrowers in the US are facing the challenge of resuming their loan payments after a moratorium, with some borrowers unsure of the due dates and payment amounts. Many are expected to experience financial stress and may need to cut back on spending or explore repayment options such as income-driven plans. The new SAVE plan launched by the Biden administration aims to provide affordable payments, but not all borrowers will see a decrease in their monthly payments.
The Biden administration has canceled $37 million in student loan debt for former students of the University of Phoenix who were misled into believing the for-profit school had connections with Fortune 500 companies.
Billionaire CEO Elon Musk's company Neuralink is preparing to test its first cybernetic implant on a human patient, aiming to restore full body movement for paralyzed individuals and improve human to AI communication by several orders of magnitude.
Ford and Canadian labor union Unifor have reached a tentative deal, averting strike action in Canada, while striking workers in the U.S. threaten further action if an agreement is not reached by Friday.