On November 17, General Motors became the first of
the Big 3 automakers in the United States to end a
weeks-long labor dispute with the United Auto Workers.
.
On November 17, General Motors became the first of
the Big 3 automakers in the United States to end a
weeks-long labor dispute with the United Auto Workers.
.
ABC reports that the agreement ends part of a
strike involving tens of thousands of autoworkers.
The union voted to ratify the contract
by a narrow margin of 55% to 45%.
.
While top union officials have
called the contract historic, a sizable minority
of GM employees rejected the agreement.
.
Shortly after the union reached
a deal with GM, employees at Stellantis
also voted to approve new labor contracts.
ABC reports that another tentative deal at Ford
appears to be headed toward approval.
The new contracts reportedly include a record 25%
raise spread across four years, in addition to pension
improvements and the right to protest plant closures.
The deals have been praised by President Joe Biden,
who said he hoped the new contracts will inspire a wave
of unionization across the automobile industry.
The deals have been praised by President Joe Biden,
who said he hoped the new contracts will inspire a wave
of unionization across the automobile industry.
I'm a little selfish.
I want this type
of agreement for
all auto workers, Joe Biden, President of the United States, via ABC.
I'm a little selfish.
I want this type
of agreement for
all auto workers, Joe Biden, President of the United States, via ABC.
UAW President Shawn Fain called the new
labor contracts a victory not only for autoworkers
but also for the working class as a whole.
.
UAW President Shawn Fain called the new
labor contracts a victory not only for autoworkers
but also for the working class as a whole.
Republican Presidential Candidate Donald Trump has chosen former critic JD Vance as his vice-presidential nominee. Vance, a 39-year-old Ohio Senator and author, was confirmed as VP pick by RNC delegates.
Despite past criticisms of Trump, Vance has become a strong supporter. After winning his Senate seat with Trump's endorsement in 2022, Vance is now attacking Joe Biden, calling him an "incapacitated president" and accusing Democrats of lying about Biden's health.
#JDVance #DonaldTrump #Trump2024 #TrumpAttack #TrumpVance #TrumpVance2024 #BidenHarris #RepublicanParty #RNC2024 #NationalConvention #USElections #Worldnews #USnews #Oneindia #Oneindianews
~PR.320~HT.95~ED.102~
Donald Trump has chosen J.D. Vance as his running mate as he seeks to unseat President Joe Biden for a second term as president of the United States. Vance is a freshman senator from Ohio who rose to fame with his 2016 memoir 'Hillbilly Elegy.' The book was turned into a movie starring Glenn Close and Amy Adams in 2020. The film adaptation received two Academy Award nominations, including a best supporting actress nomination for Close. Trump shared the news on his social media platform Truth Social on Monday.
Credit: The Hollywood Reporter Duration: 01:12Published
President Biden says he regrets using the term "bullseye" to refer to Donald Trump -- especially now that there's been an assassination attempt on him ... but.. TMZ.com
A goods train collided with the Sealdah-bound Kanchanjunga Express from behind near New Jalpaiguri in north Bengal, injuring several passengers. Videos showed one wagon suspended in the air after the pile-up. In this exclusive chat with former GM of Indian Railways Mr. Sudhanshu Mani, we understand the role of Kavach system and hotwo
w it could have saved lives here.
#TrainAccident #NorthBengal #KanchanjungaExpress #NewJalpaiguri #Darjeelingnews #AshwiniVaishnaw #TrainAccidentinIndia #Indianews #Worldnews #Oneindia #Oneindianews
~PR.282~PR.100~PR.320~
Pat Sajak is NOT coming out of a short-lived retirement to host the upcoming "Celebrity Wheel of Fortune" season -- instead, this was always in the cards ... TMZ.. TMZ.com
ABC brass did NOT threaten to take "Good Morning America" anchor George Stephanopoulos off the air if he didn't apologize for taking a dig at President Biden's.. TMZ.com
Mortgage Rates Continue , to Fall, Raising Hopes of the , Fed Cutting Rates.
ABC reports that borrowing costs for
home loans continued to ease this week,
with the average rate on a 30-year mortgage
falling to its lowest level since April.
According to mortgage buyer
Freddie Mac, the rate fell from
6.95% to 6.87% last week. .
That figure is still significantly higher than
what the rate was during the same time last year,
which was at an average of 6.67%. .
15-year fixed-rate mortgages
also eased, falling from
6.17% last week to 6.13%. .
During the same time last year,
the average rate was at 6.03%.
Those higher rates can add hundreds of dollars
to monthly costs for borrowers, which limits the
purchasing options of potential homebuyers.
Mortgage rates fell for
the third straight week
following signs of cooling
inflation and market
expectations of a
future Fed rate cut, Sam Khater, Freddie Mac’s chief economist, via ABC.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
Due to yields also beginning to ease, the Federal
Reserve could start to drop its main interest rate
after hiking it up to the highest level in over 20 years.
Last week, Fed officials suggested that they would make
just one cut to their benchmark interest rate in 2024,
down from previous projections of three cuts for the year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Surge of New Applications for , Unemployment Benefits , May Signal Cooling Job Market.
Last week, the number of people in the
United States filing for unemployment benefits
reached the highest level in ten months last week. .
ABC reports that the news comes as a potential
sign that the U.S. labor market may be slowing
under the burden of high interest rates. .
The week ending June 8 saw
applications for jobless benefits
rise by 13,000 to reach 242,000. .
According to Labor Department
data, that is up from 229,000 new
applications the week before.
The number also represents the highest
number of new applications since August
of 2023, while also being significantly higher
than the 225,000 new claims forecast.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
Since March of 2022, the Federal Reserve has raised
benchmark rates 11 times in an attempt to reign in
inflation which has risen to a four-decade high.
While the latest data suggests that consumer
inflation cooled in May, the Federal Reserve
has decided to leave rates at a 23-year high.
According to Fed Chair Jerome Powell, officials
are waiting for more evidence that prices
are reaching their target of two percent.
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1. .
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1.
Credit: Wibbitz Top Stories Duration: 01:30Published
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
On May 28, T-Mobile announced that
it will acquire most of competitor
U.S. Cellular in a massive $4.4 billion deal.
ABC reports that the deal would give T-Mobile,
already one of the largest wireless providers in
the United States, an additional 4 million customers.
ABC reports that the deal would give T-Mobile,
already one of the largest wireless providers in
the United States, an additional 4 million customers.
The deal will also see T-Mobile acquire
hundreds of brick-and-mortar stores
and a wider presence in rural areas.
The deal will also see T-Mobile acquire
hundreds of brick-and-mortar stores
and a wider presence in rural areas.
The acquisition will also expand T-Mobile's
spectrum rights, a federal license permitting
the transmission of mobile signals.
According to T-Mobile, the deal
is expected to close sometime
in the middle of 2025.
As customers from both
companies will get more
coverage and more capacity
from our combined footprint,
our competitors will be forced
to keep up -- and even more
consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
As customers from both
companies will get more
coverage and more capacity
from our combined footprint,
our competitors will be forced
to keep up -- and even more
consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
T-Mobile added that U.S. Cellular
will retain control of a portion of the
company's spectrum rights and cellular towers. .
According to T-Mobile, the deal will provide
customers with more competitive options to the
two largest U.S. wireless carriers: Verizon and AT&T.
According to T-Mobile, the deal will provide
customers with more competitive options to the
two largest U.S. wireless carriers: Verizon and AT&T.
By tapping into the additional
capacity and coverage created
through the combined spectrum
and wireless assets, T-Mobile
will spur competition, T-Mobile statement, via ABC.
The news comes after a series of
acquisitions for T-Mobile aimed at
accelerating the wireless provider's growth
Credit: Wibbitz Top Stories Duration: 01:31Published
Executive producer Mark Ford and director Erica Hanson chat with THR's Brande Victorian to discuss Lifetime's docuseries 'Where is Wendy Williams?' during the THR Frontrunners Lifetime Showcase held at San Vicente Bungalows in Los Angeles. Ford and Hanson spoke about having the former daytime talk show host's family's blessing to release the docuseries which has raised questions about Williams' ability to consent to the project, given her deteriorated state as a result of her diagnosis of primary progressive aphasia and frontotemporal dementia (FTD).
Credit: The Hollywood Reporter Duration: 15:17Published
Trump Promises to Stop , All Electric Car Sales.
In an effort to be reelected
as President of the Unites States.
Trump is promising oil and gas execs that
he'll keep electric vehicles (EVs) from being sold in the U.S. if they make significant donations to his campaign, Gizmodo reports. .
Trump said that he'd lower tailpipe emissions targets and cut EV tax credits, among other things. .
"You won't be able to sell those cars," Trump said.
However, the EV market continues to grow, with
at least 1.5 million units expected to sell in 2024.
If Trump squashes EV sales in the U.S., it could anger some Republicans since the market has provided more jobs and investments in the South.
For example, Hyundai is investing
$13 billion in Georgia, a state Trump lost
in 2020, to produce electric vehicles.
Meanwhile, analysts predict EV sales will continue to rise despite Trump's efforts.
Although, his tactics could prove
to slow those sales dramatically. .
Ford Motor executive chair
William Clay Ford Jr. weighed
in on Trump's promises.
Our time frame as a company,
our planning time frame, is a lot
longer than election cycles, William Clay Ford Jr., via statement.
When we’re whipsawed back
and forth by politicians that
becomes really difficult for us, William Clay Ford Jr., via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
GM Outlines , $10 Billion Stock Buyback.
On Nov. 29, General Motors (GM) said that the recent UAW strike deal will cost the company $9.3 billion. .
The company also said it would initiate $10..
Credit: Wibbitz Top Stories Duration: 01:30Published
![‘I’m on the horse’: Biden reaffirms presidential run despite calls to quit [Video]](https://video.newsserve.net/300/v/20240716/1381812196-on-the-horse-Biden-reaffirms.jpg)
![Watch| Donald Trump Announces JD Vance as VP Pick At Republican National Convention| Full Video [Video]](https://video.newsserve.net/300/v/20240716/1381791102-Watch|-Donald-Trump-Announces-JD-Vance-as-VP.jpg)
![Donald Trump Announces Ohio Senator J.D. Vance as His Vice-Presidential Pick | THR News Video [Video]](https://video.newsserve.net/300/v/20240716/1381778382-Donald-Trump-Announces-Ohio-Senator-Vance.jpg)
![West Bengal Train Accident: Former Railways GM Sudhanshu Mani explains role of KAVACH| Oneindia [Video]](https://video.newsserve.net/300/v/20240617/1378785264-West-Bengal-Train-Accident-Former-Railways-GM-Sudhanshu.jpg)
![Mortgage Rates Continue to Fall, Raising Hopes of the Fed Cutting Rates [Video]](https://video.newsserve.net/300/v/20240620/1379139322-Mortgage-Rates-Continue-to-Fall-Raising-Hopes-of.jpg)
![Surge of New Applications for Unemployment Benefits May Signal Cooling Job Market [Video]](https://video.newsserve.net/300/v/20240613/1378501356-Surge-of-New-Applications-for-Unemployment-Benefits-May.jpg)
![T-Mobile Announces Deal to Acquire Most of U.S. Cellular [Video]](https://video.newsserve.net/300/v/20240528/1376732274-Mobile-Announces-Deal-to-Acquire-Most-of.jpg)
![THR Frontrunners Q&A With The Creatives Behind Lifetime's Docuseries 'Where is Wendy Williams?' | THR Video [Video]](https://video.newsserve.net/300/v/20240619/1379016960-THR-Frontrunners-With-The-Creatives-Behind.jpg)
![Trump Promises to Stop All Electric Car Sales [Video]](https://video.newsserve.net/300/v/20240528/1376748680-Trump-Promises-to-Stop-All-Electric-Car-Sales.jpg)
![GM Outlines $10 Billion Stock Buyback [Video]](https://video.newsserve.net/300/v/20231129/1361355141-GM-Outlines-10-Billion-Stock-Buyback.jpg)
