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Among other benefits increases, the contract would increase union members’ pay by last least 25% over four years. Union members have launched a series of protests this week outside of Boeing plants and may ultimately reject the new contract union leaders negotiated with Boeing management. The deal will be officially approved if more than 50% of the members vote in favor of the tentative agreement. That would prevent a strike, no matter how many workers vote to strike. If just more than a third of members vote against a strike, then the contract takes effect, no matter the results of the ratification vote.
Persons: we’ve, Kelly Ortberg, Jon Holden, ” Holden, Ortberg, , , Holden Organizations: New, New York CNN —, Boeing, Union, Alaska Airlines, International Association of Machinists, IAM, The Seattle Times, CNN Locations: New York, Oregon, Seattle, What’s, Washington
Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979. In this episode of "Just the Facts," the US Economy and your Pocketbook. Let's take a look at the economy and how it is working or not working for you. To measure inflation, let's start by looking at the Consumer Price Index, or CPI. Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979, and they grew another 5% between 2022 and 2023.
Persons: Steve Ballmer, USAFacts, COVID, it's, There's Organizations: Insider Studios, LA Clippers, Consumer, Federal Reserve, Real, Social Security Locations: America, United
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Judah Levine, head of research for Freightos, says if history is any guide, additional tariffs will fuel ocean freight rates. Any increase in freight demand will fuel rates, said Peter Sand, chief shipping analyst at ocean freight rate intelligence platform Xeneta. "When ocean container shipping markets increase, that cost gets passed down the line and ultimately it is the end-consumer who pays the price," Sand added. Xeneta data shows the last time Trump ramped up tariffs on Chinese imports during the trade war in 2018, the ocean container shipping markets spiked more than 70%.
Persons: Donald Trump, Trump, Judah Levine, Levine, Biden, Lars Jensen, Peter Sand, Sand Organizations: Trade, U.S . West Coast, U.S . Trade Representative, U.S . West, Trump, FEU Locations: Qingdao Port, Shandong province, Qingdao, China, Asia, U.S . West Coast, Vespucci
An Iranian-born research scientist who filed a federal discrimination lawsuit alleging she had been harassed by a University of Alabama at Birmingham co-worker for nine years because of her ethnicity has been awarded more than $3.8 million in damages. “Day and night, I was looking for a job, any job, but nobody would hire me because my name was tarnished,” Moeinpour told NBC News. “Now, my good name has been restored.”UAB, according to the jury verdict, was ordered to pay Moeinpour $3 million in damages. Finally, Moeinpour told Grubbs on Feb. 13, 2020, that she had gone over his head and called human resources. “When Ms. Moeinpour fell to the floor, he fell on top of her and held her down,” the lawsuit said.
Persons: Fariba Moeinpour, ” Moeinpour, Mary Jo Cagle, Moeinpour, Eric Artrip, , ” Artrip, Alicia Rohan, Rohan, Cagle, Clinton Grubbs, Grubbs ’, Grubbs, , ” Cagle, “ Cagle, Dr, hadn’t, Grubbs “, groping, Moeinpour “, ” Grubbs Organizations: University of Alabama, Birmingham, Northern District of, NBC News, ” UAB, UAB, of Health, Services, UAB School of Medicine, Employment, Commission, NBC Locations: Iranian, Northern District, Northern District of Alabama, American, U.S, Iran, Birmingham
Production at a key Samsung Electronics plant in southern India was disrupted by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labor unrest. Posters saying “Indefinite Strike” went up outside the factory near the city of Chennai, where hundreds of workers in company uniforms set up tents to shade themselves from the heat. People shop inside a store selling Samsung mobile phones and electronics at Mumbai, India on March 6, 2023. A spokesperson for Samsung India said on Monday that it actively engaged with workers “to address any grievances they may have and comply with all laws and regulations.”Around 800 workers signed a register outside the factory to record their protest. One poster outside the factory exhorted state labor officials not to support management, advising instead: “Discuss and solve demands from the labor union with union officials.”
Persons: E, Muthukumar, Francis Mascarenhas, Veera Raghava Rao, , , Prabhu Ram Organizations: Samsung Electronics, Samsung, India’s, LG Electronics, Reuters, Centre of Indian Trade Unions, Samsung’s Southwest, JB, India, Samsung India, Cybermedia Research Locations: India, South Korea, Sriperumbudur, Chennai, Seoul, Samsung’s, Samsung’s Southwest Asia, Gurugram, New Delhi, Mumbai
"This is Hainan trying hard to forge its branding as an international destination," said Michael Zhou, founder of Jingjian, a consultancy specializing in China tourism. The tropical island of Hainan, dubbed the "Hawaii of China," has long been a top travel destination for domestic tourists. According to Zhou, the bulk of Hainan's tourism income comes from hotel stays and duty-free shopping. "As it is the largest duty-free channel in China, Hainan's duty-free sales decline is inevitable," said Charlie Chen, head of Asian Research at China Renaissance, a financial institution. Ye and the China connectionCDF Haikou International Duty Free City is one of many duty-free malls on the Chinese island of Hainan.
Persons: Du, Ye, Michael Zhou, Zhou, netizens, Ye's, Charlie Chen, Hainan's, Luo Yunfei Organizations: straitlaced Communist Party, Communist, Hainan's Provincial, of Statistics, Haikou, Asian Research, Duty, China News Service, Getty Locations: Hainan, Shanghai, China, Weibo, Beijing, Ye, Hawaii
Small business insurance like property, liability, and business interruption are key to helping protect against major risks. By assessing the threats to your small business and putting resources in place to prevent and mitigate them, you can help keep your small business running. Your insurance agent can also help you analyze your small business and identify types of coverage that may help safeguard it against potential risks. Here are five types of risks to consider, along with some ideas to help protect yourself and your small business. State Farm offers Small Business Insurance for a wide range of small businesses.
Organizations: State, The Insurance Institute, Business, US Chamber of Commerce, US Small Business Administration, Farm, Small Business Insurance, Insider Studios
German automotive giant Volkswagen on Tuesday said it was scrapping six labor agreements as the company's standoff with unions and its works council intensified. "The company sees itself forced to do so because of the current economic challenges," Volkswagen said in a statement translated by CNBC. That applies to the company as well as the wage agreement levels," Volkswagen human resources chief Gunnar Kilian said in the statement. In a statement released Tuesday, VW Works Council head Daniela Cavallo reiterated that there would be pushback to Volkswagen's plans. We will not accept this silently and without action," he said in a statement translated by CNBC.
Persons: Gunnar Kilian, Daniela Cavallo, Thorsten Gröger Organizations: Volkswagen, VW, CNBC, VW Works, IG Metall Locations: Zwickau, Germany
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Recently released documents detailed the commission's decision, revealing new details about Rooney's case and Twitter's human-resources practices under Musk's direction. Three days later, he received a second email from HR saying it was acknowledging his "decision to resign and accept the voluntary separation offer." Slack messages could just as easily be used as evidence in a sexual-harassment case, Camfield added. However, employers need to train employees to understand that company policies extend to Slack and that their information is not private, she said.
Persons: , Gary Rooney, Elon Musk, Musk, Rooney, Robyn Hopper, Stefanie Camfield, Noah Berger, Camfield, hasn't, wasn't, it's, Hopper, Slack, That's Organizations: Service, Twitter, Elon, Business, Workplace Relations, Society for Human Resource Management, Engage, Slack Employers Locations: Dublin, Ireland
Brisbane, Australia CNN —A man wanted for allegedly throwing scalding coffee on a baby in an unprovoked attack at a park in the northern Australian state of Queensland is now the subject of an international manhunt. Closed circuit television video released by police shows the man running from the scene, wearing a blue plaid shirt, black hat and glasses. This picture released by Queensland Police shows a man they claim poured hot coffee on a baby in a Brisbane park. But that’s not always the case.”Police say the man fled Australia a few days after the attack. I’m very confident that if you’re looking at that footage and you know that person in there, you’re going to know who it is,” Dalton told media on August 28.
Persons: Australia CNN —, Paul Dalton, Dalton, ” Dalton, , , that’s Organizations: Australia CNN, Queensland Police, Queensland police, Sydney Airport, Police, ” Police, Queensland Locations: Brisbane, Australia, Australian, Queensland, Hanlon, New South Wales, Victoria
Jerusalem and Gaza CNN —A 14-year-old boy lies in Al-Aqsa Martyrs Hospital in Deir Al-Balah, Gaza Strip, severely burned from an Israeli airstrike. Even as the campaign to vaccinate Gaza’s children for polio continues, the United Nations and aid agencies warn of deteriorating public health conditions. Displaced children sort through trash at a street in Deir Al-Balah, central Gaza Strip, on August 29. A Palestinian woman sits on the floor between patients at the Al Aqsa Martyrs Hospital in Deir Al-Balah in the central Gaza Strip on April 3. “It is also used for washing and sterilizing dishes because of hepatitis, which is spreading terribly in the Gaza Strip, and to deter jaundice,” Rayyan told CNN.
Persons: Dr, Mahmoud Yousef Mughani, Mughani, vaccinate, Abdel Kareem Hana, OCHA, ” OCHA, Mohammed Al, Taweel, ” Al, , , Ghada, ” Shahoura, Balah, Saeed Rayyan, ” Rayyan, Rayyan, al, Oula Al Goul, Mahmoud Shalabi, Shalabi Organizations: Gaza CNN, Aqsa Martyrs Hospital, CNN, United Nations, UN Relief and Works Agency, UN, Humanitarian Affairs, , CNN Sunday, Al Aqsa Martyrs Hospital, AFP, Getty, Aid, Ministry, Health Locations: Jerusalem, Gaza, Al, Aqsa, Deir Al, Balah, Rafah, Egypt, Palestinian, Al Aqsa, Deir, Ashkelon, Israel
Soon after, the mother’s syphilis test — given to all women before delivery — came back positive. In 2022, the Centers for Disease Control and Prevention reported more than 200,000 syphilis cases — the highest counts since 1950. Spreading the word about syphilisSome public health departments have launched eye-popping awareness campaigns, trying to raise the alarm among both the public and health care providers. Make syphilis testing convenientBeyond greater awareness, access to testing and treatment needs to be quick, easy and convenient, Chokshi said. But permanently bending the syphilis curve will require scaling these efforts nationally and promoting greater coordination between health care and public health.
Persons: Irene Stafford, Stafford, , It’s, could’ve, they’re, , Kenneth Mayer, Mayer, Dave Chokshi, Donna Fox, Fox, ” Fox, “ We’re, , Lucas, they’ve, we’re, ” Stafford, Chokshi, Jessica Leston, Jessica Leston “ We’re, ” Leston, Trojan Carvajal, Jai Winchell, Winchell, Arlene Seña, it’s, ” Seña, don’t, Seña, that’s, ” Chokshi Organizations: University of Texas Health Sciences Center, Centers for Disease Control, CDC, Fenway Institute, Common Health Coalition, Health, Lucas County Health Department, Alaska Natives, Johns Hopkins School of Medicine, STI, Mobile Care Clinic, Shasta, University of North, Hospital, University of Chicago, U.S, Fenway Health Locations: Houston, U.S, Boston, New York, Toledo, Lucas County, Ohio, Texas, Alaska, Cass, Minnesota, California, Shasta County, Oregon, Shasta, University of North Carolina, Grady, Atlanta, America
Business Insider has verified their identity and employment and corroborated their claims during our reporting on Tesla's Autopilot facilities. I didn't have any automotive or manufacturing experience before I began working on the Autopilot project. A Tesla has 9 different cameras that collect data the Autopilot team goes through in order to teach the Full Self-Driving and Autopilot software how to drive like a human. I spend hours everyday going over videos that were taken from customer cars and Tesla's in-house test drivers. AdvertisementWithin the program there are many different little projects that are all combined to create the greater Full Self-Driving and Autopilot experience.
Persons: Tesla, who'd, it's, you'd, I've Organizations: Service, Business, Tesla, Reuters Locations: Buffalo , New York
Ordering delivery has gotten wildly expensive
  + stars: | 2024-09-07 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +5 min
AdvertisementThe premium that diners pay to have their food delivered can be hefty. That might make delivery seem like an obvious place for consumers to cut back their spending these days. DoorDash customers have continued ordering food — and, increasingly, groceries and other products — from the service, Xu said. He and his wife still have Thai food delivered, for instance, when they have friends over in the evenings and don't want to interrupt socializing with a trip to pick up dinner. Do you work for a gig delivery service and have a story idea to share?
Persons: , Ravi Wadan, Wadan, Uber, Taco Bell, Tony Xu, We're, Xu, hasn't, Dara Khosrowshahi, Khosrowshahi Organizations: Service, TikTok, Business Locations: Seattle, FinanceBuzz, McDonald's
Toh Hong Keng/Henry Ahn Photo StudioHis family constantly checked on him, helping to dispel many waves of doubt. “The only reason why I decided to study medicine was because I wanted something useful to do,” he said. “If I can’t be a practicing doctor, at least I can look after myself somewhat,” he said. Feeling a little dejected, he got in touch with his family’s former domestic worker whose daughter recently graduated from medical school in the Philippines. A week later, in 2019 he packed his bags, found a small apartment on the island and started his medical school journey.
Persons: , Hong Keng, Toh, ” Toh, didn’t, flashcards, Toh Hong Keng, Henry Ahn, “ Sir Toh, Marvi Dulnuan, “ Mr Toh, , Hong, Atomic Leow Chuan Tse, Dr Howard Tucker, Tucker, he’ll Organizations: Hong Kong CNN, Southwestern University PHINMA, , Southwestern University, American Medical Association, University of Medicine, Pharmacy, Guinness World Records, University of Bradford, Association of American Medical Colleges, Private, Southwestern University for Toh Locations: Hong Kong, Malaysian, Cebu, Philippines, , Kyrgyzstan, Asia, 2019, United States, Romania, Europe, Cleveland , Ohio, Malaysia, Britain, London, jetting
According to the Bureau of Labor Statistics, the share of Americans who were absent from work because of child care difficulties matched the all-time record for August. At the same time, employment in child care services has not been nearly enough to match the demand, according to Julia Pollak, chief economist at ZipRecruiter, who highlighted the statistic in a note following Friday’s job report. The issue largely stems from the havoc created by the pandemic, which prompted many child care facilities to shut down, Pollak said. Consumer payments for child care are up at least 32% since 2019, a recent Bank of America study found. Child care advocates say that almost 10% of the state’s day care sites or home-based programs have shuttered since the pandemic.
Persons: Donald Trump, Sen, JD Vance, Vance, Kamala Harris, Julia Pollak, Natalia Lebedinskaia, ” Pollak, Pollak, , , Trump, Ohio, Charlie Kirk, he’d, Harris, ” Vance, Tim Walz, Hannah Anderson, Kirk, Vance “, ” Anderson Organizations: Bureau of Labor Statistics, GOP, Child Care, NBC News, of America, BLS, Economic, of New, Minnesota Gov, Economic Policy Institute Locations: Ohio, of New York, United States, Georgia
Economists were expecting a net gain of 160,000 jobs and for the unemployment rate to fall to 4.2%, according to FactSet consensus estimates. With inflation pretty much tamed and moderating as expected, the Federal Reserve has turned its focus to the labor market (the other part of its dual mandate). Job growth has been slowing, but there were indications that the labor market was weakening under the weight of 23-year-high interest rates. A ‘place of stability’July’s shockingly weak jobs report stoked fears that the jobs market was collapsing, potentially taking the economy into a downturn. And while a rate cut is coming, the jury is still out on the exact size of that move.
Persons: ” Eugenio Alemán, Raymond James, August’s, We’re, Rachel Sederberg, , Becky Frankiewicz, , , Kory Kantenga, , ” Kantenga, Michelle Holder, haven’t Organizations: CNN, Employers, Bureau of Labor Statistics, Federal Reserve, Fed, ManpowerGroup, Retail, Americas, LinkedIn, John Jay College, City University of New Locations: ManpowerGroup North America, Michigan, City University of New York
It's another example of how tech bros aren't necessarily interested in modern gift trends. Net-a-Porter's former top personal shopper told BI many tech bros get a thrill from owning history. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But when it comes to tech bros and the types of gifts they like to give and receive, it's all about the "something old."
Persons: Mark Zuckerberg, Priscilla Chan, , Aaron Mok Organizations: bros, Service, Tech, Business, US Bureau of Labor Statistics
It's all piling up, and aircraft engine shops around the world are overflowing. American Airlines ' solution is to do more of the work itself. "We just have one customer and that's American Airlines doing our work," American's chief operating officer, David Seymour, said. GE Aerospace brought in $11.7 billion from engine maintenance, repairs and overhaul in the first half of 2024, making up 65% of its revenue. An airplane engine at American Airlines' test cell in Tulsa, Oklahoma.
Persons: David Seymour, Tulsa , Oklahoma Erin Black, It's, France's Safran, Seymour, Leslie Josephs, Thomas Toepfer, Kevin Michaels, Martin Gauss, Pratt, that's, Advisory's, Erin Black, Michaels Organizations: Boeing, Airbus, Alton Aviation Consultancy, GE Aerospace, GE, Pratt & Whitney, Royce, American Airlines, Airlines, CFM, CNBC, Tulsa International Airport, American, JetBlue Airways, Spirit Airlines Locations: TULSA, Okla, Tulsa , Oklahoma, Tulsa, American's, Riga, Latvia
Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor market. "The labor market is no longer cooling down to its pre-pandemic temperature, it's dropped past it," said Nick Bunker, head of economic research at the Indeed Hiring Lab. "Nobody, and certainly not policymakers at the Federal Reserve, should want the labor market to get any cooler at this point." While the job openings level declined, layoffs increased to 1.76 million, up 202,000 from June. "The still low level of layoffs and tick up in hires suggests the labor market is not cracking.
Persons: Dow Jones, it's, Nick Bunker, Krishna Guha, nonfarm Organizations: Labor Department, Labor, Survey, Federal Reserve, Global Policy, Central Bank, Evercore ISI
The group was asked to share which topics they're most focused on between AI, worker well-being, diversity, equity, and inclusion, and C-suite transformation. While worker well-being and AI were the most commonly cited trends, there's clear overlap and intersectionality across all four topics. 'We're trying to understand a more holistic view of worker well-being'Shane Koller, senior vice president and chief people officer, AncestryThe two topics we're most focused on are worker well-being and DEI. As part of this new organizational structure, we announced our chief AI and data officer, one individual who would help bring together a cohesive strategy and vision for the organization's AI. A big focus for us is worker well-being.
Persons: Jack Azagury, nobody's, Shane Koller, we've, We've, Borgonovo, Alicia Pittman, Anant Adya, Marjorie Powell, Neil Murray, Maggie Hulce, Chen, it's, , — there's, Kenon Chen, Sharawn Tipton, LiveRamp, there's, I'm, There's Organizations: Accenture, Mastercard, Infosys DEI, Infosys, AARP, Clear Locations: Tipton
In a report aired on Sunday, the broadcaster spoke to wolfberry farmers and merchants in a region spanning 14 towns in Jingyuan County, Gansu Province. Sodium metabisulfite is sometimes used in food preservation but is prohibited in the local wolfberry industry, state media reported. The practice had become so common that workers spoke of it as an industry standard, the outlet reported. Since his early days as China's top leader, Xi Jinping has promised to crack down on food safety breaches, saying they're central to how people perceive the government. Allegations of excessive sulfur fumigation in the Chinese traditional-medicine industry have surfaced before, leading retailers to often sell wolfberries and other products as "sulfite-free."
Persons: , wolfberries, That's, Xi Jinping Organizations: Service, Business, CCTV, Food, Committee, Beijing Locations: Jingyuan County, Gansu Province, Golmud, Qinghai Province, West, China, Jingyuan,
At the height of their careers, the Gao Brothers created provocative sculptures of Mao in a country notoriously sensitive about its former ruler’s legacy. Due to the “deteriorating environment” in China, Gao Zhen relocated to New York two years ago when his son, an American citizen born in the US, reached school age, Gao Qiang said. “Before he set off, his friends and family — myself included — had all reminded him to consider whether it was safe to go,” Gao Qiang said. “Our father’s death was a devastating disaster for our family.” Gao Zhen told the Southern People Weekly, a once-outspoken news outlet, in 2010. Gao Zhen’s detention shows that freedom of expression in China has shrunk significantly compared to a decade ago, Gao Qiang said.
Persons: Mao Zedong, Gao Zhen, China’s, , Gao Qiang, Gao Brothers, Mao, Xi Jinping, “ Miss Mao, , Du Yinghong, , , ” Gao Qiang, Gao Zhen’s, ‘ Miss Mao, Gao, David Gray, Yue Minjun, “ uglifying, Donald Trump, Vladimir Putin Organizations: Hong Kong CNN, CNN Sunday, Chinese Communist Party, CNN, , Police, Reuters, Communist Party, Southern People, Ukraine, Centre Pompidou, San Francisco Museum of Modern Art Locations: Hong Kong, China, Beijing, New York, Hebei province’s Sanhe, American, Yanjiao, Hebei, Sanhe, India, , Paris , New York, Moscow, Berlin, Paris
Governor Tim Walz delivers remarks at the Milwaukee Area Labor Council's Laborfest 2024 on September 2nd, 2024 at the Summerfest Grounds, in Milwaukee, Wisconsin. Tim Walz, Minnesota has expanded union protections, approved over $1 billion in housing resources, enacted universal paid family and medical leave, funded free school lunches, hiked corporate taxes and more. "It's a roadmap for sure," Amy Koch, a Republican strategist who formerly served as a Minnesota state senator, told CNBC. Already, several of the economic priorities of the Harris campaign mirror policies that were championed by Walz in Minnesota. Tim Walz listens to homeless constituents after being elected to his first term in 2018.
Persons: Tim Walz, Sara Stathas, Harris, Walz, I've, Bernie Burnham, Kamala Harris, Amy Koch, Kevin Lamarque, Joe Biden's, Gabby Giffords, Brian Snyder, Jeff Hayden, Hayden, Elianne Farhat, Mills, Bauer, Griffin, Doug Loon, Loon, Burnham, Charles Lutvak, Monica Nilsson Organizations: Milwaukee Area Labor, Washington Post, North Star State, Minnesota AFL, CNBC, Democratic Gov, Republican, Democratic, Minnesota, Reuters, Child Tax, Farmer, Labor, DFL, Senate, House, Minnesota Democrats, Fortune, Target, AaronP, Minnesota Chamber of Commerce, Minnesota Gov, Minnesota Housing Locations: Milwaukee , Wisconsin, Minnesota, Tim Walz , Minnesota, Minnesota . U.S, U.S, America, Minnesota's, Minneapolis , Minnesota, UnitedHealth
How Elon Musk’s endorsement of Trump may have backfired
  + stars: | 2024-09-01 | by ( David Ingram | ) www.cnbc.com   time to read: +4 min
Tesla and SpaceX CEO Elon Musk listens to President Donald Trump during a meeting with business leaders in the State Dining Room of the White House in Washington, Feb. 3, 2017. "They want to make Trump, Elon and people like them look like plutocrats," he said. "Elon Musk created the opportunity that Donald Trump took to unmask himself as rabidly anti-union, and he did that by praising Elon Musk's anti-union, union-busting perspective and endorsing the idea of illegally firing striking workers," he said. Harris, who is not related to Kamala Harris, said he views Musk's endorsement as a net negative. "No one views Elon Musk as a voice of the middle class," he said.
Persons: Tesla, Elon Musk, Donald Trump, Evan Vucci, Brendan Steinhauser, Mitt Romney, Steinhauser, Musk, Trump, Chip Somodevilla, Seth Harris, Joe Biden, Elon Musk's, Harris, Kamala Harris, David Nasaw, William Randolph Hearst, Andrew Carnegie, Nasaw, Franklin D, Roosevelt, Biden, Hearst Organizations: SpaceX, White, AP, Trump, Elon, Republicans, National Labor Relations Board, Labor, NLRB, Teamsters, Republican, International Brotherhood of Teamsters, Getty, Burnes Center, Social, Northeastern University, Hearst Locations: Washington, Texas, Michigan, Washington ,
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