March 31 – Ford Motor Co (FN) and General Motors (GM.N) will halt production at a Michigan plant next week due to parts shortages, the two companies said separately on Thursday. The second-largest US automaker, Ford, said it will halt production at its Flat Rock assembly plant, where it builds the Mustang, next week because …
Ford, GM halts production at two Michigan plants due to parts shortages Read More »
March 31 – Amazon.com Inc (AMZN.O) workers at a warehouse on Staten Island in New York City have so far voted 57% in favor of unionizing, with the final balance due Friday, a potential one Milestone for the organized work at the second largest private US employer. But that victory contrasted with 53% of Amazon …
The Amazon union has a strong lead in the vote count in New York; lost in Alabama Read More »
The retailer sent a strongly worded letter to shareholders on Thursday ahead of its annual meeting in May, urging them to reject efforts by an activist investor to seize control of the company and install its own board of directors. Hedge fund Macellum has criticized Kohls in recent months, arguing that the chain has outperformed …
Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally sold off through the close on Thursday, while crude oil prices plummeted as President Joe Biden announced a major release of US strategic reserves. x GameStop (GME) said late Thursday that it would seek shareholder approval for …
Stocks fall sharply, oil prices plummet; GameStop spikes as Tesla shipments loom Read More »
The US will release a million barrels of oil from the country’s strategic petroleum reserve a day for the next six months to mitigate high gas prices, President Biden announced Thursday. The move comes as Americans face gas prices above $5 in some parts of the country amid factors including low domestic oil production and …
Biden says US will release 1 million barrels of oil per day to lower gas prices Read More »
CNBC’s Jim Cramer predicted on Thursday that Wall Street will soon be pricing in a bottom and the market will be poised for a “huge rally.” “Suddenly the conventional wisdom is that there is too much of everything, so prices will fall. Stock prices anticipate that. And that’s why the only sectors that saw rallies …
The market will find a bottom soon and is poised for a rally Read More »
COTTONWOOD HEIGHTS, Utah — Workers at a Starbucks in Cottonwood Heights announced Thursday their plans to form a union. If successful, they would become the first Starbucks store in Utah to unionize. “I really love that this whole movement is being led by baristas like me just to communicate after work,” said Jacob Lawson, shift …
Workers at Starbucks in Cottonwood Heights plan to unionize Read More »
The Swedish furniture and homewares chain announced on Thursday that it is making its Buy Back & Resell program permanent at its 37 US stores on April 1, after testing the offer last summer. The company said the service only applies to personally used Ikea furniture that is fully assembled and fully functional. Ikea will …
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, the United States, March 29, 2022. Brendan McDermid | Reuters Stock futures rose early Thursday as investors assessed a new quarter of trading and a troubled indicator of a recession in the bond market. Investors were also awaiting the …
NEWYou can now listen to Fox News articles! The European Union is trying to ban the fast fashion culture in its member countries. Union leaders gathered Wednesday, March 30, to discuss newly proposed rules that the Associated Press said would require mandatory minimums of recycled fiber, ban the destruction of unsold goods and reduce the …
EU proposes rules to discourage fast fashion culture: ‘Longer products’ Read More »
