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WEBTesla Reportedly Opts Out of Performance-Based Stock Incentives for Employees Amid Cost-Cutting Measures. Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
Rivian Slashes Production Forecast Due to Parts Shortage, Shares …
WEB3 days ago · Rivian Automotive, the electric vehicle (EV) startup backed by Amazon, has reduced its full-year production forecast, citing supply chain disruptions and a shortage of key components. The company also missed third-quarter delivery expectations, causing its stock to drop by about 4% in early trading on Friday. Rivian now expects to produce between 47,000 and 49,000 vehicles in 2024, a sharp ...
US Treasury Yields Surge Past 4% as Fed Rate Cut Hopes Fade
WEB19 minutes ago · U.S. Treasury yields climbed back above 4% on Monday, marking their highest levels since August, as investors reassessed their expectations for future interest rate cuts from the Federal Reserve. The move followed a stronger-than-expected U.S. jobs report, which undercut hopes for a significant reduction in rates by the central bank. The 10-year Treasury yield jumped to 4.03%, while the two ...
James Comer Subpoenas DHS Chief Mayorkas Amid Allegations of …
WEB6 days ago · Comer's inquiry is fueled by claims from a whistleblower that a non-classified group chat among DHS personnel includes information pertinent to the investigation of Walz's ties to China. In a letter accompanying the subpoena, Comer stated, "The Committee has learned that further relevant information regarding Governor Walz has been memorialized ...
Union Calls on Boeing CEO to Step In as Healthcare Benefits for ...
WEB5 days ago · Boeing's labor dispute intensified this week after the company cut off healthcare benefits for around 33,000 striking workers, sparking renewed calls from the union for CEO Kelly Ortberg to intervene personally. The International Association of Machinists (IAM) and Aerospace Workers, representing the employees, urged the newly appointed CEO to step in and engage directly in negotiations.
China Warns of Regional Instability as Iran and Israel Conflict …
WEB4 days ago · China has voiced deep concerns over escalating violence in the Middle East following Iran's missile strikes on Israel earlier this week. The strikes, a direct response to the deaths of top Iranian and Hezbollah officials, have raised fears of a wider regional conflict that could drag in multiple global powers.
Boeing Strike Enters Third Week, No Contract in Sight as Workers …
WEBSep 28, 2024 · The machinists' union members will start receiving strike pay in the third week of the strike, with union members receiving $250 per week until a new contract is reached. Much of that strike pay comes from the IAM Grand Lodge, with an additional $50 provided by District 751. As federal mediation continues, Boeing …
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEBSep 19, 2024 · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...
Tensions Escalate Worldwide: Pro-Palestinian Protests in Major …
WEB1 day ago · As the one-year anniversary of Hamas' surprise attack on Israel approaches, thousands of protesters took to the streets across the globe on Saturday to demand an end to the ongoing violence in Gaza and the wider Middle East. From New York to Paris, London to Cape Town, demonstrators called for peace and urged governments to halt military interventions that have claimed tens of thousands of ...
Boeing Offers 25% Pay Hike in Historic Deal to Avoid Strike as …
WEBSep 10, 2024 · The proposed contract falls short of the union's initial demand for a 40% pay increase, but negotiators are nonetheless championing the deal as a significant victory. In addition to the 25% wage hike, the agreement includes $3,000 lump-sum payments for each covered employee, improved health insurance …