The recent vote by Mercedes-Benz workers in Alabama against union representation by the United Auto Workers has significant implications for the labor movement in the United States. The National Labor Relations Board announced the results, revealing that 56% of the workers voted against the UAW. This outcome dealt a blow to the UAW’s organizing efforts
The recent announcement by the U.S. Department of Education regarding the interest rates on federal student loans has left many parents feeling uneasy. Specifically, the news of a 9.08% interest rate on Direct PLUS loans for parents for the upcoming 2024-2025 academic year came as a shock to many. This rate, according to higher education
On a recent Friday, the U.S. stock market experienced a relatively flat day of trading after a milestone achievement in which the Dow surpassed the 40,000 point mark for the first time. Despite previous record highs in the Nasdaq Composite and S&P 500, both indices saw a slight dip by the end of the day.
Chinese authorities have recently introduced new measures to support state-owned enterprises (SOEs) in buying unsold apartments, in a move to assist developers in gaining more funding to complete construction projects. This support is aimed at addressing various issues within the real estate sector, which has been facing challenges in recent years. These efforts mark a
Richemont, the Swiss luxury group, saw its shares jump by 6.3% after announcing record full-year sales. Despite a decline in spending in Asia-Pacific, the company reported a 3% increase in group sales to an impressive 20.6 billion euros. This growth pushed the shares to an all-time high, demonstrating the resilience of the company even in
China’s economic data released recently has revealed a stark disparity between growth in consumer-oriented sectors and industrial sectors. While industrial production has seen a robust growth of 6.7% in April from a year ago, retail sales have only risen by 2.3% during the same period. These figures fall short of the forecasted expectations, indicating a
In the midst of overall higher inflation rates in the U.S. economy, there are certain sectors experiencing a different phenomenon known as deflation. Deflation refers to a scenario where prices of goods and services are decreasing for consumers. This trend has been particularly noticeable in the prices of physical goods, such as cars, appliances, and
The Dow Jones Industrial Average recently made headlines by surpassing the 40,000 mark for the first time ever. This achievement, which may have seemed unattainable just a year ago, has been met with enthusiasm from investors. The journey to this milestone has been filled with ups and downs, reflecting the uncertainties and challenges faced by
Walmart, the popular discounter, recently reported its quarterly earnings and revenue, exceeding Wall Street expectations. The company showcased significant e-commerce growth, boosted profits through newer initiatives like advertising, and managed to attract more high-income shoppers. This success has positioned Walmart to reach the high-end of its full-year guidance, if not slightly surpass it. The key
Siemens, a prominent German technology company, recently reported a decline in profit at its industrial business during the fiscal second quarter. The industrial profit decreased to 2.51 billion euro, down 2% from the same quarter last year. This figure fell below the company’s analyst forecast of 2.68 billion euro, as reported by Reuters. The net