After reaching a tentative agreement on Saturday with the United Auto Workers union, Stellantis, the parent company of Chrysler, is now facing a national labor strike in Canada. The new strikes in the Canadian province of Ontario are impacting two assembly plants that produce the Chrysler 300 sedan, Pacifica minivan, Dodge Challenger, and Charger muscle …
Local United Auto Workers union leaders approved a tentative agreement with Ford that includes $8.1 billion in new plant investments and $5,000 ratification bonuses. The 4 ½-year tentative agreement will now be presented to 57,000 UAW-Ford members for regional informational meetings and voting. The agreement was reached after targeted strikes against Ford, General Motors, and …
Double-Digit Inflation Strikes the U.S. Candy Aisle for the Second Year in a Row By DEE-ANN DURBIN AP Business Writer October 28, 2023, 9:00 AM ET • 3 min read Spooked by the high price of Halloween candy? There’s no relief in sight. U.S. shoppers are experiencing double-digit inflation in the candy aisle for the …
Google has agreed to invest up to $2 billion in Anthropic, the artificial intelligence (AI) startup founded by former executives of OpenAI, as confirmed by CNBC. The investment includes an upfront cash infusion of $500 million and an additional $1.5 billion to be invested over time. Anthropic, the developer of Claude 2, a rival chatbot …
Satya Nadella, CEO of Microsoft, arrives to federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft shares surged by 6% in after-hours trading on Tuesday following the release of the company’s fiscal first-quarter results and revenue guidance, which exceeded expectations. Additionally, Microsoft reported a significant increase in …
Ari Emanuel’s Endeavor Group Holdings will explore strategic alternatives, which could include a sale. The move comes after Endeavor rival CAA agreed to sell a majority stake to French billionaire Francois-Henry Pinault. Endeavor said it wouldn’t give up its interest in TKO Group Holdings, which includes WWE and UFC. Ari Emanuel speaks onstage during the …
CNBC’s Jim Cramer suggests waiting for the next interest rate hike before buying stocks. He believes the resulting sell-off will make stocks cheaper and provide a better buying opportunity. In a recent CNBC segment, Jim Cramer advised investors to hold off on buying stocks until interest rates rise, triggering a sell-off and making stocks more …
Off-duty Pilot Allegedly Attempts to Shut Down Engines Midflight The off-duty pilot accused of trying to shut down the engines of an Alaska Airlines plane midflight on Sunday said he was having a nervous breakdown and told the flight crew he needed to be subdued, according to a federal complaint. Alaska Airlines pilot Joseph D. …
The federal government has designated Tulsa as a “Tech Hub,” unlocking the potential for up to $75 million in federal funding for a local consortium focused on establishing the region as a global leader in advanced autonomous technologies. Tulsa was chosen as one of the 31 Tech Hubs by the U.S. Department of Commerce’s Economic …
CNBC’s Jim Cramer advises investors not to overreact to Monday’s stock movements, suggesting that more significant information will be available later in the week. Cramer emphasizes the importance of focusing on individual companies’ performance rather than immediate stock market fluctuations. He recommends exercising patience and waiting for the perfect moment to make investment decisions. CNBC’s …