Economy

Filter

What the United Auto Workers will gain in their historic contracts

By Justin Stabley

After six weeks of strikes, the UAW clinched new deals from the three largest American auto companies, reinstating benefits previously lost and securing new gains, including wage increases across the board.

Powell reinforces the Federal Reserve’s cautious approach toward further interest rate hikes

By Christopher Rugaber, Associated Press

Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace.

GOP candidates come up short on inflation solutions during Miami debate

By Associated Press

The presidential candidates laid out their plans for tackling inflation — and came up somewhat shortchanged to address immediate cost pressures.

Hollywood’s actors union has reached a deal with studios to end its strike after nearly four months

By Andrew Dalton, Associated Press

Hollywood’s actors union reached a tentative deal with studios Wednesday to end its strike, bringing an end to months of labor strife that ground the entertainment industry to a historic halt.

To help 2024 voters, Meta says it will begin labeling political ads that use AI-generated imagery

By David Klepper, Associated Press

Meta owns Facebook and Instagram and says it will put labels on political ads created using artificial intelligence. The policy announced Wednesday by Meta goes into effect Jan. 1 and will apply worldwide.

Las Vegas hotel workers union reaches tentative deal with Caesars, but threat of strike still looms

By Rio Yamat, Associated Press

The 5-year deal announced Wednesday by the union marks a major breakthrough after several months of unsuccessful negotiations. It comes just days before tens of thousands of hospitality workers could walk off the job and onto picket lines.

Fossil fuel interests have large, yet often murky, presence at climate talks, AP analysis finds

By Seth Borenstein, Mary Katherine Wildeman, Associated Press

Close to 400 people connected to fossil fuel industries in some way or another attended last year's United Nations' climate talks in Egypt.

Treasury Secretary Yellen says Republican-proposed IRS funding cut in exchange for Israel aid is ‘irresponsible’

By Fatima Hussein, Associated Press

The IRS commissioner says for the agency to keep building on its customer service and enforcement priorities it needs a reliable funding stream.

Fortnite maker asks court to limit Google’s ability to take a cut of in-app purchases

By Michael Liedtke, Associated Press

A 10-person jury will decide whether Google’s digital payment processing system in the Play Store that distributes apps for phones running on its Android software has been illegally driving up prices for consumers and developers.

How NASA’s robotic prospectors could pave the way for future asteroid miners

By Valerie Payré, The Conversation

Upcoming NASA missions will help scientists understand the composition of asteroids – which could inform companies one day hoping to commercially mine asteroids.