Strong US jobs growth dampens talk of rate cuts
The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.
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State insurance commissioner says companies are delaying policies, denying discounts
Responding to consumer complaints about auto insurance coverage, the state insurance commissioner said Thursday that insurers could face penalties for creating unlawful barriers for California drivers. Ricardo Lara issued a bulletin to auto insurers, reminding them that they cannot change their policies’ terms and rates without formally filing for state review and approval. The bulletin…
Las Vegas Hotel Workers Are Prepared To Shut Down Much Of The Strip
Thousands of service workers in Las Vegas are preparing to go on strike Friday if they can’t settle new contracts with two of the city’s major hotel and casino operators. The Culinary Workers Union said it reached a tentative agreement on a new contract with Caesars Entertainment early Wednesday after 20 hours of bargaining. But…
How a Millennial Estée Lauder Built a Widely Popular Beauty Brand
The Reckoning If Ms. Bodnar is cagey about specifics, it’s because she has faced controversy. There’s the plaintiff who sued Thrive in 2018, alleging that the company was not donating to charities in the way that it claimed. (The lawsuit resulted in a “stipulated” dismissal; Ms. Bodnar signed a non-disparagement agreement that precludes her from…
Striking Autoworkers Just Won A Huge Concession From General Motors
The United Auto Workers union reached a tentative agreement on a new contract for 48,000 General Motors workers on Monday, bringing a potential end to the union’s roughly six-week strike against the “Big Three” automakers. The union said it had achieved a core demand in talks with GM: putting battery plant employees under the UAW…
Boeing Is Back in the Spotlight—This Time Over a MAX 9
Updated Jan. 7, 2024 8:58 pm ET The last thing Boeing needed was more trouble with its 737 MAX jet. That is exactly what it got to start the new year. The company had just started to regain its footing after years of tumult around the popular but troubled line of narrow-body jets when a…
Morgan Stanley nears deal to pay as much as $300M to settle stock sales probe: report
Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a US investigation into its employees’ handling of big stock sales, Bloomberg News reported on Thursday. The penalty, expected to be announced in the coming days, will be divided between the Justice Department and the Securities and Exchange Commission, the report said, citing people with knowledge of…
