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☆ Ford union workers ratify UAW deal, closing out historic negotiations with Detroit automakers
▼ + stars: | 2023-11-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. DETROIT — Union members at Ford Motor approved a tentative agreement Friday, concluding contentious contract negotiations between the United Auto Workers and Detroit automakers. According to the UAW's vote tracker, which must still be finalized, the Ford deal was supported by 68.2% of the nearly 35,000 autoworkers at Ford who voted. Local UAW chapters representing every Ford plant voted in favor of the pact aside from a small parts facility in Florida and the automaker's massive Kentucky Truck Plant, as of early Friday afternoon. The contract ratifications come weeks after the automakers and union reached tentative deals, ending about six weeks of targeted strikes by the UAW.

Persons: Ford, ratifications, Shawn Fain Organizations: United Auto Workers, Plant, DETROIT — Union, Ford Motor, Detroit, UAW, Ford, General Motors, Local UAW, Dearborn, Stellantis, GM Locations: Michigan, Wayne , Michigan, Florida, Plant

☆ Xi revealed the extent of China's economic woes by the speed at which he caved to some of Biden's demands
▼ + stars: | 2023-11-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China's Xi Jinping and President Joe Biden had their first meeting in a year this week. Xi entered the talks in an unfamiliar position of weakness amid China's economic woes. It was a stark contrast to recent public remarks by the Chinese president, where he sought to blame crises and conflicts across the globe on US meddling. The New York Times noted just how quickly Xi agreed to the demands, with previous US-China deals brokered after days of painstaking diplomatic negotiations. Though Xi is hoping for a short-term decrease in tensions, Chinese economic woes are unlikely to have altered his long-term calculations.

Persons: China's Xi Jinping, Joe Biden, Xi, —, Xi Jinping, Biden, Patricia Kim, Nancy Pelosi's, he'd, Robert Daly, Wilson, Vladimir Putin Organizations: Service, APEC, Center for East Asia Policy Studies, Biden, UAE ., New York Times, Associated Press, Institute, Russian, The New York Times Locations: San Francisco, China, United States, UAE, Taiwan, Beijing, Russia, Ukraine, East, Iran, Gaza, Washington

A Palestinian mourned the death of family members in Khan Younis in the southern Gaza Strip on Thursday. Photo: mahmud hams/Agence France-Presse/Getty ImagesIsraeli troops were advancing toward the heart of Gaza City, engaging in heavy gunbattles and ratcheting up pressure on neighborhoods that have become a refuge for tens of thousands of Palestinians. The Israeli military said Thursday it captured an area on the western side of the Jabalia refugee camp, north of Gaza City, after a 10-hour gunbattle with Hamas that unfolded in tunnels and on city streets that have become a wasteland. Israel troops fought amid destroyed buildings, backed up by tanks, and with armored bulldozers clearing a path through the rubble, pictures released by Israel Defense Forces showed. Weapons were captured and tunnel shafts uncovered, the Israeli military said

Persons: Khan Younis, mahmud Organizations: Agence France, Getty, Hamas, Israel Defense Forces Locations: Gaza, Gaza City, Israel

Iran-backed militias have packed even larger loads of explosives — more than 80 pounds — onto drones launched at American bases, U.S. officials said. “The president has no higher priority than the safety of U.S. personnel, and he directed today’s action to make clear that the United States will defend itself, its personnel, and its interests.”“The United States is fully prepared to take further necessary measures to protect our people and our facilities,” he added. The United States has 2,500 troops in Iraq and 900 in Syria, mostly to help local forces fight remnants of the Islamic State. The Biden administration also uses a “deconfliction” line with Russia to try to manage escalation in Iraq and Syria, two officials said. Russia has troops in Syria, and American officials say they expect that telling Russia before a strike in Syria is the same as telling Iran, as Russian officials often inform Tehran of what is coming.

Persons: ratcheting, Biden, Lloyd J, Austin III, ”, Antony J, Blinken, Ayatollah Ali Khamenei, Mr, Khamenei, ” Christine S Organizations: Islamic Revolutionary Guards Corps, American, Air Force, Pentagon, U.S, Quds Force, ”, Palestinian, Biden, Sunday, United, Military, Pentagon’s Central Command, National Counterterrorism Center Locations: United States, Syria, Iraq, U.S, Iran, I.R.G.C, Yemen, Israel, Islamic State, Russia, Tehran, Lebanon, Persian, Gaza, Tehran , U.S

☆ Exclusive: Chinese jet fired flares close to submarine-hunting helicopter in South China Sea, Canadian Navy says
▼ + stars: | 2023-11-03 | by ( Brad Lendon | ) edition.cnn.com time to read: +8 min

The first incident was over international waters outside of 34 miles from the Paracel Island chain in the northern part of the South China Sea. The warship was operating in international waters 100 miles (160 kilometers) east of the Paracels at the time. The Canadian helicopter was searching for a previously detected submarine when the incidents occurred, officers aboard the Ottawa said. The Paracels, called the Xisha Islands by China, are in the northern part of the South China Sea, east of Da Nang, Vietnam, and south of China’s Hainan Island. On Tuesday, a PLA fighter jet came within 10 feet of a US Air Force B-52 bomber flying over the South China Sea, the US military said.

Persons: ”, Rob Millen, Millen, Andrew Vaughan, “, It’s, Noble, Rafael Peralta, Hoon, Li Shangfu, ” Li, Li, Iain Huddleston, Huddleston, Ely Ratner, ” Ratner Organizations: HMCS, HMCS Ottawa CNN, Canadian, Royal Canadian Navy, Sikorsky Cyclone, People’s Liberation Army Navy, CNN, Sikorsky CH, Cyclone, The Canadian Press, New, US Navy, PLA, Navy, U.S . Air Force, ., US Air Force, 1st Air Division, Radio Canada, Canada’s Defense Ministry, Ministry, US, East, South China Locations: HMCS Ottawa, South, Ottawa, Canada, South China, HMCS Montreal, Halifax, China, Da Nang, Vietnam, China’s Hainan, The Hague, United States, New Zealand, Taiwan Strait, Taiwan, Canadian, Montreal, Singapore, “, U.S, Chinese, East

☆ Secretive Taiwanese power plant opens to public for the first time — as an art space
▼ + stars: | 2023-11-02 | by ( Wayne Chang | ) edition.cnn.com time to read: +6 min

Beigan, Taiwan CNN —In a sleepy Taiwanese island village just eight miles off the coast of mainland China, scooters whiz past an unassuming building that has stood here, largely overlooked, for decades. YI.ng Lighting DesignKnown locally as Jun Hun (or “Army Soul”), a nickname shared with the Taiwanese army division that built it, the Beigan Power Plant entered service in 1975 and became a linchpin of the local economy before closing in 2010. Art in the ‘heart’ of MatsuThe transformed Beigan Power Plant is the flagship venue of the Matsu Biennial, which runs through November 12 and features artworks exploring the outlying islands’ heritage, cultural identity and military past. “The power plant is the heart of Matsu that hasn’t stopped beating, and the generators are the essence of the power plant,” Liu said told CNN at the studio he shares with Chu. “I want to use sound to breathe new life into the deserted power plant, so that viewers can grasp what it was like when these generators were still running,” Wang told CNN at her studio.

Persons: Taiwan CNN —, —, Hun, ”, Mao Zedong’s, Matsu —, Matsu, Annie Chu, Liu Ping, hasn’t, ” Liu, Chu, Kinmen, Wang Yu, ” Wang, ” Chu Organizations: Taiwan CNN, Matsu, Taiwanese, Plant, Kuomintang, KMT, People’s Liberation Army, CNN, Visitors, Beigan, Matsu Biennial Locations: Beigan, Taiwan, China, Matsu, Taiwan’s, Taipei, Wang, Beijing

Washington CNN —President Joe Biden and his top national security officials are increasingly confronting questions about Israel’s commitment to minimizing civilian deaths and how scenes from Gaza could affect his domestic political standing. Already, Biden had been walking a tightrope in his support for Israel following the Hamas terror attacks on October 7. Biden has resisted calls for a ceasefire, including at the United Nations, and insists Israel has a “responsibility” to defend its citizens from terrorism. It also included attempts by US officials to interrogate Israel’s war plans, which appeared not fully developed to some. And I think everyone understands that,” Biden told reporters as he returned home from his brief trip to Israel on October 18.

Persons: Joe Biden, Biden, Benjamin Netanyahu, “ They’ve, “, John Kirby, Kirby, ”, Richard Hecht, CNN’s Wolf Blitzer, Hecht, Blitzer, ” Jeremy Konyndyk, Obama, ” Konyndyk, Netanyahu, Biden’s, Israel, Jake Sullivan, Israel’s, Antony Blinken, Lloyd Austin, ” Biden, CNN’s Priscilla Alvarez Organizations: Washington CNN, White, Israeli, National Security, Israel Defense Forces, Refugees International, USAID, IDF, ”, CNN, Democratic Party, United Nations, Hamas, Capitol Hill Locations: Gaza, Israel, –, Hamas, Egypt, United States, ”, Qatar, Europe, Tel Aviv

☆ Oil prices are falling even as Israel steps up its war on Hamas. A spike could still happen
▼ + stars: | 2023-10-30 | by ( Olesya Dmitracova | Anna Cooban | ) edition.cnn.com time to read: +4 min

Brent crude, the global oil benchmark, fell 1.1% to $89 a barrel, and West Texas Intermediate (WTI) crude, the US benchmark, dropped 1.3% to trade at $84 a barrel by 7.51 a.m. The World Bank said Monday that a ratcheting up in the fighting in Gaza could push global commodity markets, including oil markets, into “uncharted waters,” and laid out three scenarios under which oil prices could surge. In that instance, the level of disruption would be comparable to that caused by the Arab oil embargo in 1973. The World Bank said a smaller disruption, equivalent to that resulting from the Libyan civil war in 2011, could send oil prices to $103 a barrel. Prices for Brent have risen 5.7% since Hamas attacked Israel on October 7, killing more than 1,400 people, mostly civilians.

Persons: Brent, Susannah Streeter, Hargreaves Lansdown, ”, Germany —, ” Indermit Gill, Benjamin Netanyahu, ” Israel, Daniel Hagari, Jake Sullivan, Ebrahim Raisi, — Rob North Organizations: London CNN, West Texas, Hargreaves, Bank, Hamas, Sunday, CBS Locations: Gaza, Germany, Ukraine, Iraq, Israel, Israeli, Iran, Lebanese, Tehran

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The GM workers will return to work after an official announcement of the deal, two sources said. Ford shares fell 2% while Stellantis shares were down 1.5% in Milan. Excluding Monday's share moves, GM and Ford shares have lost roughly a fifth of their value since the strike began while Stellantis shares have fallen 1%. "The Street is glad to have this UAW nightmare in the rear view mirror with a less onerous deal than originally feared for the Detroit Big 3," Wedbush analyst Daniel Ives said.

Persons: Rebecca Cook, Stellantis, Patrick Anderson, Shawn Fain, Fain, Joe Biden, Biden, Tesla, Ford, Erik Gordon, Daniel Ives, David Shepardson, Joseph White, Shivansh Tiwary, Deepa Babington, David Gaffen, Peter Henderson, Alistair Bell Organizations: General Motors, REUTERS, Detroit, United Auto Workers, UAW, Reuters, Detroit Three automakers, Ford Motor, Chrysler, Anderson Economic Group, GM, Ford, Democratic, Detroit Three, Detroit automakers, EV, Toyota, University of Michigan, Kentucky, Detroit Big, Thomson Locations: Detroit , Michigan, U.S, Detroit, Milan, Arlington , Texas, Tahoe, Sterling Heights , Michigan, Hill, Tenn, Washington

☆ At Ballet Theater, a Thrilling Puck and a Moment to Take Stock
▼ + stars: | 2023-10-30 | by ( Brian Seibert | ) www.nytimes.com time to read: +2 min

Where “The Dream,” a Ballet Theater staple in recent decades, is a reliable showcase for the company’s theatricality, George Balanchine’s “Ballet Imperial,” on the same program, is good for displaying the troupe’s classical chops across its ranks. Unlike New York City Ballet, which has called the work “Tschaikovsky Piano Concerto No. 2” since the 1970s, Ballet Theater doesn’t downplay the imperial Russian associations, using a backdrop of St. Petersburg. That’s a choice that might disturb some viewers, but Ballet Theater’s rendition also had aesthetic problems. De la Nuez goes for it, too.

Persons: George Balanchine’s, ”, That’s, Skylar Brandt, Isabella Boylston, James Whiteside, Alonzo King’s, Alexei Ratmansky’s “, Jason Moran, Robert Rosenwasser, Jim French, Brandt, Calvin Royal III, King, Michael de la, De la Nuez Organizations: Ballet, New York City Ballet, Dnipro ” Locations: St . Petersburg

A public deal announcement with Stellantis is expected later Saturday afternoon or early evening, the sources said. Stellantis shuttered its assembly plant in Belvidere, Illinois, early this year, leaving 1,300 workers without jobs. The tentative contract deal will have provisions on the use of temporary workers, the sources said, adding Stellantis has agreed to significant investment. Fain and other senior union leaders are briefing local UAW chiefs by video conference, the sources said. The deal is also expected to include investments in other U.S. plants, including the Trenton engine plant, the sources said.

Persons: Stellantis, Shawn Fain, Biden, Fain, Tesla, Ford, Joe Biden, David Shepardson, Joseph White, Sayantani Ghosh, David Gregorio, Peter Henderson Organizations: United Auto Workers, Chrysler, Detroit Three, UAW, Ford, GM, Detroit, Detroit automakers, EV, Toyota, Kentucky, Korean, buildouts, U.S, Republican, Thomson Locations: Belvidere , Illinois, Illinois, U.S, Trenton, Detroit, Arlington , Texas, Tahoe, Sterling Heights , Michigan, Hollywood, Michigan

☆ Mexican Senate cancels trusts for judiciary worth over $800 mln
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The Senate, controlled by Lopez Obrador's leftist National Regeneration Movement (MORENA) and its allies, approved the measure to do away with the trusts worth some 15 billion pesos ($820 million). Last week, the lower house of Congress voted to wind up the trusts, whose funds are due to be absorbed by the government. Mexico's Supreme Court said this month the elimination of the trusts will affect workers in the judiciary, pointing to their pensions and other social security benefits. "How does the judiciary benefit the Mexican people, or the majority of Mexicans? Critics of Lopez Obrador see the judiciary as a bulwark against his efforts to concentrate power.

Persons: Henry Romero, Andres Manuel Lopez Obrador, Lopez Obrador's, Lopez Obrador, hock, it's, Dave Graham, Natalia Siniawski, Michael Perry Organizations: Supreme, REUTERS, MEXICO CITY, Regeneration, Thomson Locations: Mexico City, Mexico, MEXICO

Altogether, about 45,000 workers at Ford, G.M. and Stellantis are on strike across the country, including 8,700 workers at Ford’s Kentucky truck plant in Louisville, the company’s largest, and almost 10,000 others at Ford factories in Illinois and Michigan. The tentative deal with Ford could increase pressure on the other companies to reach an agreement with the union. In the past, once the union reached a deal with one automaker, tentative agreements with the others quickly followed. Last week, Ford’s executive chairman, William C. Ford Jr., said the union’s demands risked damaging the ability of Detroit automakers to compete against nonunion companies like Tesla and foreign rivals.

Persons: Shawn Fain, William C, Ford Jr, ”, “ Organizations: Ford, Detroit automakers, Toyota, Honda Locations: Ford’s Kentucky, Louisville, Illinois, Michigan

☆ Amazon and Meta are penalizing workers who don't return to the office. Experts say they should make a stronger case for working IRL first.
▼ + stars: | 2023-10-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Amazon and Meta have said you could be fired or dinged in your review for not going to the office. Focusing on days in the office misses a chance to tell workers how it could benefit their careers. Yet the flex misses a chance to have a savvier conversation over how being together can benefit workers' careers, experts say. I think the opportunity is for us to get off the silly construct of days in office," Garbarino said. Garbarino said leaders should look past days in the office and focus on what they can do to help their workers develop.

Persons: —, Chase Garbarino, Garbarino, Paul Knopp, Knopp, Benjamin Granger, Granger Organizations: Meta, Service, Amazon, Kastle Systems, KPMG US Locations: That's

Political Cartoons View All 1211 ImagesThe disdain for Congress is just one area where Americans say they are losing faith. Various polls say the negative feelings include a loss of confidence or interest in institutions such as organized religion, policing, the Supreme Court, even banking. “Trust in institutions has deteriorated substantially,” said Kay Schlozman, professor of political science at Boston College. Just 3% have a great deal of confidence in Congress, virtually unchanged from March. The polling reinforces that Democrats are more likely than Republicans to say their confidence in the Supreme Court is low.

Persons: —, They’re, ”, Christopher Lauff, Joe Biden, “ We’re, Lauff, Kay Schlozman, Schlozman, Democratic Sen, Robert Menendez, Kevin McCarthy, Democrat Joe Biden —, Donald Trump, Rick Cartelli, Cartelli, Biden, “, Robert F, Kennedy, Kathleen Kersey, Brian Kemp, there’s, Ronald Reagan's, ” David Bateman, Barack Obama’s, Bateman, Trump, Chris Wray, ” Bateman Organizations: WASHINGTON, U.S ., “, Boston College, Democratic, Robert Menendez of New, Republicans, Associated Press, NORC, for Public Affairs Research, Democrat, Justice Department, AP, Kennedy Human Rights, Republican, Trust, Pentagon, Cornell University, Gallup, FBI, Trump Locations: U.S, Fargo , North Dakota, Ukraine, —, Robert Menendez of, Robert Menendez of New Jersey, That’s, Rocky Hill , Connecticut, Brunswick , Georgia

☆ On Israel-Lebanon Border, Families Flee on Both Sides as as Violence Flares
▼ + stars: | 2023-10-20 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Israel on Friday ordered the evacuation of more than 20,000 residents from Kiryat Shmona, one of the biggest towns on its northern border following a heavy cross-border exchange of fire in the area the day before. Survival was uppermost in the minds of Lebanese civilians from the Lebanese village of Dhayra, west of Israel's Kiryat Shmona. Nissim Tsabaria, an elderly Israeli who walks with a stick, waved goodbye to neighbours as he clambered into his car. Local authorities on both sides of the border are hastily seeking accommodation for the growing numbers of refugees, who leave their homes in cars crammed with suitcases. Israel is putting its swelling ranks of evacuees in guest houses and hotels if they don't have families to stay with.

Persons: Avi Ohayon, Sebastian Rocandio KIRYAT, Edo Goldstein, Goldstein, Dhayra, Zahira Omar Swaid, Israel, Daniel Hagari, Nissim Tsabaria, Mortada Mhanna, Crispian Balmer, Edmund Blair Organizations: Reuters, Hezbollah, Hamas, Friday, Locals, Israel Defense Forces, Local Locations: Sebastian Rocandio KIRYAT SHMONA, Israel, TYRE, Lebanon, Lebanese, Gaza, Israel's, Kiryat Shmona, Dhayra, Israel's Kiryat Shmona, Tyre, Iran

[1/3] A man assists his elderly father to get into a car so that he can be evacuated from Kiryat Shmona, near Israel's border with Lebanon, in northern Israel, October 20, 2023. Israel on Friday ordered the evacuation of more than 20,000 residents from Kiryat Shmona, one of the biggest towns on its northern border following a heavy cross-border exchange of fire in the area the day before. Survival was uppermost in the minds of Lebanese civilians from the Lebanese village of Dhayra, west of Israel's Kiryat Shmona. Daniel Hagari, spokesperson for the Israel Defense Forces (IDF), said the mass evacuations along Israel's northern border, allowed the army "to expand its operational freedom to act against the Hezbollah terrorist organisation." Israel is putting its swelling ranks of evacuees in guest houses and hotels if they don't have families to stay with.

Persons: Lisi Niesner, KIRYAT, Edo Goldstein, Goldstein, Dhayra, Zahira Omar Swaid, Israel, Daniel Hagari, Nissim Tsabaria, Mortada Mhanna, Crispian Balmer, Edmund Blair Organizations: REUTERS, Hezbollah, Hamas, Friday, Reuters, Locals, Israel Defense Forces, Local, Thomson Locations: Kiryat Shmona, Israel's, Lebanon, Israel, KIRYAT SHMONA, TYRE, Lebanese, Gaza, Dhayra, Israel's Kiryat Shmona, Tyre, Iran

☆ Canada Pulls 41 Diplomats as India Threatens to Revoke Their Immunity
▼ + stars: | 2023-10-19 | by ( Ian Austen | More About Ian Austen | ) www.nytimes.com time to read: 1 min

Canada has withdrawn two-thirds of its diplomats based in India after that country said it would revoke their diplomatic immunity this Friday, further ratcheting up tension between the two countries. India and Canada have been at increasingly bitter odds since the assertion last month by Prime Minister Justin Trudeau that Indian government agents had played a role in the killing in British Columbia of a Sikh separatist who was a Canadian citizen. Mélanie Joly, the Canadian foreign minister, told reporters on Thursday that India had offered “no good reason” for revoking the diplomats’ immunity, which she called a violation of international law. Canada had been in talks with India to avert the effective expulsion. Ms. Joly declined to discuss the status of those negotiations as she condemned India’s decision as a blow to the global agreement that ensures the safety of diplomats.

Persons: Justin Trudeau, Mélanie Joly, Ms, Joly, India’s Locations: Canada, India, Indian, British Columbia, Canadian

☆ Israelis angry at Benjamin Netanyahu's handling of the Hamas hostage crisis protest in Tel Aviv
▼ + stars: | 2023-10-14 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

Israelis gathered to protest Netanyahu's handling of the Hamas hostage crisis on Saturday. Protesters blamed Netanyahu for failing to prevent the Hamas attacks, which killed 1,300 people. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . At least 120 people are being held hostage by Hamas following their surprise attacks on Israel last week. One sign read, "There's no trust, quit," according to The Times of Israel.

Persons: Protesters, Netanyahu, —, Benjamin Netanyahu's, Benjamin Netanyahu, they're, Monica Levy, Gil Cohen, We've, 💥U .S. Organizations: Service, Israeli, Magen, The Locations: Israel, Gaza

The American people must understand just how shocking and gruesome Hamas’ actions were, Biden told his aides. I think we can change the Middle East,” Biden told a group of Jewish American leaders on Wednesday. “If tomorrow Hezbollah started launching missiles into Israel, that would be seen as a real escalation,” according to a person close to the situation. In his private conversations with Netanyahu, Biden has not urged the Israeli leader to practice restraint in its counterattack against Hamas. “He has always approached Israel with moral clarity and full commitment,” a senior adviser to the president told CNN.

Persons: Joe Biden, Biden, ” Biden, “, Benjamin Netanyahu, John Kirby, it’s, ”, Netanyahu, –, Biden’s, CNN’s Matthew Chance, I’m, Jake Sullivan, Netanyahu’s, ” Sullivan, Netanyahu “, Alexandria Ocasio, ” Ocasio, Cortez Organizations: CNN, White, Jewish, Israel, National Security Council, Senate Foreign Relations, Defense Department, Biden, Democratic Party, New, New York Democrat Locations: Israel, Europe, Tehran, Gaza, United States, Ukraine, Iran, Afghanistan, “, Alexandria, Cortez, New York

☆ Tesla cuts US prices of Model 3, Y in push to meet delivery goal
▼ + stars: | 2023-10-06 | by ( Urvi Manoj Dugar | ) www.reuters.com time to read: +2 min

Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. The price cuts by Tesla - now by about 2.7% to 4.2% - started in January to support sales in an uncertain economy and fend off competition from U.S. automakers such as Ford and China's BYD. The standard Model 3 sedan is now $1,250 cheaper at $38,990, while the Model Y long-range variant costs $2,000 less at $48,490, the automaker's website showed. Overall, the standard Model 3's prices have come down by about 17% since the start of the year, while the Model Y long-range variant has seen a drop of over 26%. The price cuts will also add pressure on the "Detroit Three" as they deal with an unprecedented strike by autoworkers' union.

Persons: Mike Blake, Tesla, autoworkers, Urvi Dugar, Jyoti Narayan, Nilutpal, Shubham Kalia, Akash Sriram, Nivedita Bhattacharjee, Arun Koyyur Organizations: Tesla, REUTERS, U.S, Ford, Toyota, Alpha, Reuters, Thomson Locations: Long Beach , California, U.S, Bengaluru

A video address by Fain is scheduled for 2 p.m. EDT (1800 GMT) and will cover substantive bargaining updates, people familiar with the UAW's plans said. In the UAW version, the winner offers richer contract terms, and gets a week without a new strike. Fain's Friday video addresses have become must-see events since he launched coordinated strikes at GM, Ford and Stellantis plants shortly after midnight on Sept. 15. So far, the union has ordered walkouts at five assembly plants and 38 parts depots operated by GM and Stellantis. Last Friday, Fain called off a strike planned at one of Stellantis' assembly plants after the automaker delivered new proposals minutes before the scheduled start of his talk.

Persons: Shawn Fain, Fain, Tesla, Elon, Ford, walkouts, Joe White, Matthew Lewis Organizations: DETROIT, United Auto Workers, Detroit Three, Detroit, Detroit automakers, Facebook, UAW, General Motors, Ford Motor, Chrysler, GM, Ford, Reuters Graphics Reuters, Thomson Locations: Detroit

The ramifications for global markets are significant, with Washington and Beijing's determination to loosen dependence on each other fraying long-established supply chains. Many central banks target 2% inflation; market gauges of traders' long-term U.S. and European inflation expectations are running higher , . Anna Rosenberg, head of geopolitics at the Amundi Investment Institute, said Sino-U.S. tensions, provide a "new lens" through which to analyse emerging markets' growth prospects. But the performance of big U.S. tech stocks and global share indices are vulnerable to signs of Chinese retaliation. With China underperforming global stocks, investors are split on how to approach this market.

Persons: Dado Ruvic, Joe Biden, Goldman Sachs, Wouter Sturkenboom, Laura Alfaro, Anna Rosenberg, Christopher Rossbach, J, Stern, Carole Madjo, Wendy Liu, Baird, Patrick Spencer, Naomi Rovnick, Kripa Jayaram, Riddhima, Vineet, Sumanta Sen, Pasit, Louise Heavens Organizations: REUTERS, EMEA, APAC, Northern Trust, Reuters, Research, Harvard Business, Amundi Investment Institute, INDIA RUSH, Barclays reckons, EU, Apple, China, Barclays, JPMorgan, Thomson Locations: West, China, Washington, Western, Germany, Northern, Europe, FRIENDSHORING Washington, Vietnam, Mexico, Mongolia, Philippines, Sino, U.S, India, Beijing, COVID, CHINA

☆ Best High-Yield Savings Accounts for October 2023
▼ + stars: | 2023-09-28 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.45%, according to the Federal Deposit Insurance Corp. Their new High-Yield Savings account offers a 3.5% APY, but you need a hefty $5,000 deposit to open the account. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, UFB, —, Achilles, We’ve, Foster, Alliant, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Axos Bank, Webster Bank, National Bank, Zelle, Alliance Data Systems, Comenity Capital Bank, FDIC, Foster Care, Navy, Navy Federal, Savings, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Utah, Chicago, U.S, .

☆ Extreme fear is haunting stock markets again. Here's why investors are running scared
▼ + stars: | 2023-09-28 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The S&P 500 index (SPX) has risen 11% since the start of the year, the tech-heavy Nasdaq (NDX) 33%, and the Stoxx Europe 600 (STOXX) 5%. The Stoxx Europe 600 has fallen 3.3%. ‘Higher for longer’ interest ratesThe world’s major central banks have spent the past two years hiking borrowing costs in a bid to control runaway inflation. High interest rates typically put pressure on stocks, since investors tend to favor bonds when they offer comparable returns as they are safer. An ailing ChinaA slew of disappointing economic data out of China has also put pressure on stocks.

Persons: Michael Hewson, —, Cushing, Strategic Petroleum Reserve —, Goldman Sachs, Giovanni Staunovo, Brent, stoking Organizations: London CNN —, CMC, CNN, Nasdaq, Federal Reserve, Brent, Strategic Petroleum Reserve, UBS, country’s National Bureau of Statistics, Evergrande Group Locations: United States, Europe, Saudi Arabia, Russia, OPEC, Cushing , Oklahoma, Ukraine, Saudi, China, Hong Kong

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