Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks

Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks

The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products. Vessels aren’t able to come back to Asia in time, and ocean carriers are canceling sailings on…

NFL Posts Highest Ratings Since 2015 Amid Taylor Swift-Fueled Surge in Interest

NFL Posts Highest Ratings Since 2015 Amid Taylor Swift-Fueled Surge in Interest

Updated Jan. 10, 2024 2:01 pm ET The National Football League lost several of its biggest stars to injuries during the just-completed regular season, including the quarterbacks of the New York Jets, Minnesota Vikings and Cincinnati Bengals. But a new NFL star emerged: superfan Taylor Swift. Swift’s attendance at several Kansas City Chiefs games to…

‘Every detail matters’: Boeing CEO admits mistake as investigators probe midair panel blowout

‘Every detail matters’: Boeing CEO admits mistake as investigators probe midair panel blowout

Boeing CEO Dave Calhoun said the company acknowledges “our mistake,” after a door plug on a 737 Max 9 blew out in the middle of an Alaska Airlines flight, creating a gaping hole in the fuselage and prompting a grounding of that aircraft type by federal regulations. The Federal Aviation Administration grounded the 737 Max…

United Auto Workers makes progress in effort to unionize Mercedes factory

United Auto Workers makes progress in effort to unionize Mercedes factory

Comment on this storyComment Add to your saved stories Save The United Auto Workers pressed forward in its effort to unionize auto factories in the South by announcing that 30 percent of Mercedes workers at an Alabama factory have signed cards endorsing unionization. The 30-year-old Tuscaloosa plant is the second to reach that milestone in…

Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl

Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl

Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell the business, adding it’s unlikely…

Democrats Question Semiconductor Program Ties to Wall Street

Democrats Question Semiconductor Program Ties to Wall Street

Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, saying the staffing raised questions about the creation and abuse of a revolving door between government and industry. In a letter to the Commerce Department, Senator Elizabeth Warren of Massachusetts…

Here’s what Wall Street wants to see from Hollywood this year

Here’s what Wall Street wants to see from Hollywood this year

Picture Alliance | Picture Alliance | Getty Images It’s the third act of the streaming wars. That’s the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood. Legacy media companies including Disney, Warner Bros. Discovery, Comcast and Paramount Global…