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☆ Solar CEOs bet that Red State investments will protect them from threat of Trump repealing IRA
▼ + stars: | 2024-03-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +9 min

First Solar , the largest panel manufacturer in the U.S., expects to receive about $1 billion in tax credits this year for making its products domestically. Eight of the top 10 congressional districts in terms of solar investments are represented by Republicans, according to the think tank. Enphase CEO Badri Kothandaraman is blunt that repealing the IRA tax provisions would hurt domestic manufacturing. Enphase makes inverters, a crucial component that converts solar energy harvested by panels into electricity that's usable in homes and in the power grid. Republicans appear less opposed to the wind and solar tax credits, Marcus said.

Persons: Biden, Trump's, Mark Widmar, Widmar, we've, who's, Badri Kothandaraman, Kothandaraman, Trump, Enphase, Tobin Marcus, Marcus, Wolfe, Dan Shugar, Shugar, John Berger, Berger Organizations: Republican, Financial Times, Republicans, House, First, CNBC, GOP, Center, American Progress, Wolfe Research, Senate, Trump, Investors, Detroit autoworkers, Department of Energy Locations: U.S, Arizona, Ohio, Louisiana, Alabama, Puerto Rico, Columbia , South Carolina, Arlington , Texas, Houston

☆ Trump confirms he met with Elon Musk, but they disagree about electric cars
▼ + stars: | 2024-03-11 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

Donald Trump doesn't see eye-to-eye with Elon Musk on electric vehicles. Trump confirmed he met with Musk but said he doesn't know if he'll get his support. AdvertisementDonald Trump may be courting Elon Musk for potential campaign support, but don't expect the former president to change his messaging on EVs anytime soon. Trump met with Musk in Palm Beach, Florida, last week, as he looks to boost donations to his presidential campaign. During the Trump administration, Musk served on two presidential advisory councils but left after Trump elected to withdraw the US from the Paris Climate Accords.

Persons: Donald Trump, Elon Musk, Trump, Musk, he'll, —, CNBC's SquawkBox, Biden, Tesla, Biden's Organizations: Biden, Service, Lunacy, Trump, Paris Climate, EV, Trump hasn't, White, Monday, United Auto Workers Locations: China, Palm Beach , Florida, Paris

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

☆ Promises Donald Trump has made so far in his campaign for a second term
▼ + stars: | 2024-03-06 | by ( Piper Hudspethblackburn | Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +17 min

Trump also said in that campaign video that he would cut funding for schools that teach critical race theory and gender ideology. Health careLast November, Trump promised to replace the Affordable Care Act, known colloquially as Obamacare, in a series of posts on Truth Social. Trump also vowed in a June 2023 campaign video to reinstate his previous executive order so that the US government would pay the same price for pharmaceuticals as other developed countries. The former president added in a campaign video that he would stop lobbyists and government contractors from pushing senior military officials toward war. We will reverse almost all of them,” Trump said in a campaign video.

Persons: Donald Trump, Joe Biden, Immigration Trump, Trump, ”, “, ” “ We’ll, ” Trump, Education Trump, Obamacare, Biden, ” “, Antonin Scalia, Samuel Alito, Clarence Thomas, ‘ Everybody’s, ’, ‘, he’s, Energy Trump, “ We’re, ” “ It’s, Equity “, CNN’s Tami Luhby, Kate Sullivan, Kristin Holmes Organizations: CNN, Republican, Immigration, Des Moines Register, ATF, FBI, DHS, Hamas, Department of Defense, Education, of Education, of Justice, Department of Education, Health, Trump, Democrats, Trump Administration, Justice, CIA, Department, U.S, Attorneys, Soros District, Marxist, National Guard, Department of Justice, NATO, Cities, Environmental Protection Agency, Energy, Trade, Trump Reciprocal Trade, Economy Trump, Black Conservative, Rifle Association, Legislative Action, Equity Locations: United States, Israel, America, United States of America, State, Washington , DC, Washington, NATO, American, South Carolina, Russia, Ukraine, New Hampshire, New, China, Michigan, Des Moines , Iowa

☆ Opinion | Who Really Stands With American Workers?
▼ + stars: | 2024-02-29 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

And how many blue-collar workers will support Trump in the false belief that he’s on their side? Naturally, that’s not the way Trump tells the story. In September, during an autoworkers’ strike, Trump, addressing workers at a nonunion Michigan auto parts factory, declared that he had saved an auto industry that was “on its knees, gasping its last breaths” when he took office. The day before, by contrast, Biden joined union workers on the picket line. When Trump took office, the auto industry had already regained most of the ground it had lost during the Great Recession.

Persons: uncommitted, Biden’s, Donald Trump, Benjamin Netanyahu, Biden, Trump, —, that’s, Obama Organizations: Trump Locations: Michigan, Gaza

☆ A Wrecking Ball From China Is Heading Toward the Big 3 Automakers - The New York Times
▼ + stars: | 2024-02-27 | by ( Robinson Meyer | ) www.nytimes.com time to read: +1 min

Over the past few months, America’s Big Three automakers — Ford, General Motors and Stellantis, the oddly named company that owns Dodge, Chrysler and Jeep — landed in big trouble. Ford, General Motors and Stellantis made billions in profit last year, even after a lengthy strike by autoworkers, and all three companies are forecasting a big 2024. The biggest threat to the Big Three comes from a new crop of Chinese automakers, especially BYD, which specialize in producing plug-in hybrid and fully electric vehicles. BYD’s growth is astounding: It sold three million electrified vehicles last year, more than any other company, and it now has enough production capacity in China to manufacture four million cars a year. A deluge of electric vehicles is coming.

Persons: —, Stellantis, autoworkers, America Organizations: — Ford, General Motors, Dodge, Chrysler Locations: U.S, China, Brazil, Thailand, Hungary, Uzbekistan, Indonesia, Mexico

☆ Joe Biden wins Michigan Democratic primary, NBC projects
▼ + stars: | 2024-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

President Joe Biden has won the Michigan Democratic presidential primary, NBC News projects. The incumbent president's victory was widely anticipated in the key swing state due to an uncompetitive Democratic field and Biden's successful Michigan track record. In 2020, Biden also won the primary and general election in Michigan. Despite Biden's attempted rivals, his win in Michigan solidifies the going message that the Democratic primary is all but over. Before Michigan, Biden locked up a landslide victory in South Carolina's Democratic primary and before that, an unofficial win in New Hampshire via write-in votes.

Persons: Joe Biden, George Merrelli, Biden, Dean Phillips, Phillips, Biden's, Donald Trump Organizations: autoworkers, United Auto Workers, UAW, George, George Merrelli Technical Training, Michigan Democratic, NBC, Democratic, Democratic National Committee, Biden, Michigan, House Rep, Before Michigan, South Locations: Warren, Detroit, Michigan, U.S, Gaza, Biden's, Before, New Hampshire

☆ 2023 was year of the strike. Here’s what’s possibly ahead in 2024
▼ + stars: | 2024-02-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The 33 strikes last year is roughly double the average of 16.7 major strikes a year over the course of the last 20 years. A separate database of all work stoppages by Cornell University’s School of Industrial and Labor Relations shows that there were 451 work stoppages in 2023, up 9% from the 2022 total. So the major strikes of 1,000 or more account for less than 10% of the overall number of strikes. So many of the major strikes and contract negotiations that occurred in 2023 will not occur again in 2024. But that doesn’t mean there isn’t a chance of some major work stoppages this year.

Persons: Joe Biden Organizations: New, New York CNN, Labor Department, Bureau of Labor Statistics, SAG, Cornell University’s School of Industrial and Labor Relations, General Motors, Ford, Anheuser, Busch, Teamsters, CNN, Molson Coors, Hollywood, Writers Guild of America, Boeing Boeing, Boeing, Max, Alaska Airlines, Professional, American Airlines, Labor, Railway Labor Locations: New York, America, Fort Worth , Texas, Canada, Hollywood, Washington

☆ For Michigan’s Economy, Electric Vehicles Are Promising and Scary
▼ + stars: | 2024-02-19 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

That yielded a pay raise of 25 percent over the next four years, easing the pain of reductions that she and other union workers swallowed more than a decade ago. But as Ms. Simmons, 38, contemplates prospects for the American auto industry in the state that invented it, she worries about a new force: the shift toward electric vehicles. The Biden administration has embraced electric vehicles as a means of generating high-paying jobs while cutting emissions. It has dispensed tax credits to encourage consumers to buy electric cars, while limiting the benefits to models that use American-made parts. But autoworkers fixate on the assumption that electric cars — simpler machines than their gas-powered forebears — will require fewer hands to build.

Persons: Tiffanie Simmons, S.U.V.s, Simmons, President Biden, Biden, Mr Organizations: Ford Motor, United Automobile Workers Locations: Detroit

☆ Trump heads to Michigan with eyes on a Biden rematch but legal woes loom over campaign
▼ + stars: | 2024-02-17 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +8 min

A 2020 election denier’s tumultuous reign atop the Michigan Republican Party had only recently begun. Since then, the strike has ended and the top union representing Michigan autoworkers, United Auto Workers, has endorsed President Joe Biden. State party turmoilAhead of his visit, Trump and his allies sought to put an end to turmoil within the Michigan Republican Party, which has faced a reckoning over its readiness for the 2024 election. The state party ousted its chair, Kristina Karamo, last month in the face of internal strife and lackluster fundraising. The recent Fox News survey from Michigan found Biden leading Trump 53% to 41% among union households.

Persons: Donald Trump, Trump, Joe Biden, Nikki Haley –, Stormy Daniels, Friday’s, “, Biden, Hillary Clinton’s, Haley, Kristina Karamo, Pete Hoekstra, Hoekstra, Democratic Sen, Debbie Stabenow, ”, Jason Cabel Roe, it’s, – Trump, Trump’s, Shawn Fain, ” Trump, Fain, ” Fain, Cabel Roe, “ There’s Organizations: CNN, Michigan, Republican, GOP, Michigan Republican Party, Michigan autoworkers, United Auto Workers, Republicans, South Carolina Gov, Michigan GOP, Trump, Fox, Sneaker Con, South Carolina Army National Guard, Republican National, White House, Democratic, doesn’t, Republican Party, Biden, Big, Teamsters, UAW Locations: California, Michigan, New, York, ”, Georgia, Waterford Township, Detroit, Waterford, Trump’s Michigan, –, Philadelphia, South Carolina, State, Netherlands, Washington ,, Wisconsin, Pennsylvania

☆ UAW threatens to strike Ford truck plant in Kentucky if local issues aren't resolved
▼ + stars: | 2024-02-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – The United Auto Workers is threatening a labor strike at Ford Motor's largest U.S. plant if local union demands aren't resolved by next week. The Detroit union on Friday said nearly 9,000 UAW autoworkers at Ford's Kentucky Truck Plant could strike at 12:01 a.m. on Feb. 23 if local contract issues remain. The plant — Ford's largest in terms of employment and revenue — produces Ford Super Duty pickups as well as the Ford Expedition and the Lincoln Navigator SUVs. Local contracts differ from the national agreements that the union ratified late last year with Ford, General Motors and Chrysler parent Stellantis . The union said "core issues in Kentucky Truck Plant's local negotiations are health and safety in the plant, including minimum in-plant nurse staffing levels and ergonomic issues, as well as Ford's continued attempts to erode the skilled trades at Kentucky Truck Plant."

Persons: Shawn Fain, aren't, Ford's Organizations: United Auto Workers, Detroit, DETROIT –, Ford Motor's, UAW, Ford, Ford Expedition, Lincoln, General Motors, Chrysler, Kentucky Locations: Kentucky

Ford CEO Says Company Will Rethink Where It Builds Vehicles After Last Year's Autoworkers StrikeFord's top executive says that last fall’s contentious United Auto Workers’ strike changed the company's relationship with the union to the point where it will “think carefully” about where it builds future vehicles

Organizations: Ford, United Auto Workers

☆ Pilots got their payday. Now flights attendants are pushing airlines for higher wages
▼ + stars: | 2024-02-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

CHICAGO, ILLINOIS - JANUARY 24: American Airlines workers picket at O'Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional Flight Attendants (APFA), were picketing to demand better working conditions as their contract negotiations continue. (Photo by Scott Olson/Getty Images)Airline pilots won pay raises worth billions of dollars in new labor deals last year. Flight attendants from United Airlines , American Airlines , Southwest Airlines , Alaska Airlines and others picketed Tuesday at dozens of airports around the U.S., demanding higher wages and a better quality of life. American and other carriers told CNBC they are optimistic that they will reach agreements with their flight attendants in the coming months.

Persons: Scott Olson, Sara Nelson Organizations: American Airlines, Association of Professional, United Airlines, Southwest Airlines, Alaska Airlines, Association of Flight, CWA, United, autoworkers, UPS, haven't, CNBC, Labor Locations: CHICAGO , ILLINOIS, Chicago , Illinois, United, U.S

☆ Flight attendant who was on Alaska Airlines when door plug blew out is now picketing for ‘living wage’
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —Steve Maller, a flight attendant for nearly 20 years, was one of the flight attendants on the Alaska Airlines flight 1282 when a door plug blew out. But he did say he’s also proud of how the flight attendants on board responded. “We have flight attendants who live in cars because they can’t afford to live where they’re based,” she said. A flight attendant wears a pin reading,' Flight Attendants Save Live!' He said many are already walking out — and the steady flow of flight attendants leaving Alaska every month worries him.

Persons: Steve Maller, Maller, Ben Minicucci, ”, ” Maller, “, he’s, He’s, haven’t, don’t, Joe Raedle, Julie Hedrick, we’re, We’re, Ondrea Wallace, she’s, Wallace, we’ve, Joe Biden, Nam, Sara Nelson, Biden Organizations: New, New York CNN, Alaska Airlines, of Flight, National Transportation Safety, General Motors, Ford, Railway Labor, United Airlines, Miami International Airport, —, Association of Professional, Association of Flight, CWA, Transport Workers Union, American Airlines, Railway Labor Act, O'Hare International, AFA, United, Alaska Air Locations: New York, Alaska, Portland , Oregon, Portland, Alaksa, United, Southwest, Chicago, ”

☆ Leaked Tesla pay data: How much Elon Musk's factory workers now make across the US after some got raises
▼ + stars: | 2024-02-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla hiked pay for factory workers across the US last month. Internal documents viewed by Business Insider reveal how much the factory workers now make. Under the new pay guidelines that were announced in December and implemented on January 8, factory workers at Tesla make between $22 to $39 per hour, according to the internal documents. AdvertisementTesla divides its factory workers into seven levels, while leads are divided into two levels. The effort won't be without its challenges, as CEO Elon Musk has voiced confidence that a union isn't necessary and some Tesla workers previously told BI they'd be hard-pressed to join a union.

Persons: —, Tesla, autoworkers, Shawn Fain, Elon Musk Organizations: Service, Business, Tesla, Fremont, US Bureau of Labor Statistics, Workers, Bloomberg, Toyota, Hyundai, United Auto Workers, Fremont Factory, UAW Locations: Austin , Texas, Sparks , Nevada, Fremont, Palo Alto , California, California, Nevada, Texas

☆ Boeing workers are willing to strike to get a 40% pay rise, union leader says
▼ + stars: | 2024-02-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Boeing workers could strike if they don't get a 40% pay rise over the next three to four years. But we're willing to do it," union leader Jon Holden told Bloomberg. Boeing is already reeling from a structural blowout grounding an Alaska Airlines 737 Max last month. AdvertisementUnion leaders say Boeing workers are willing to strike if they're not offered huge pay rises. AdvertisementThe move comes as Boeing reels from a blowout on an Alaska Airlines 737 Max plane last month.

Persons: Jon Holden, Max, —, they're, Dave Calhoun, Scott Kirby, United, Holden Organizations: Bloomberg, Boeing, Alaska Airlines, Service, International Association of Machinists, Aerospace Workers, Max, CNBC, IAM, Business Locations: Alaska, Seattle, Detroit

Biden's meeting with UAW workers in the Detroit area will come just days after union President Shawn Fain announced the group's endorsement. said Abdullah Hammoud, the mayor of Dearborn, one of the largest Arab American communities in the nation. Biden is looking to build on that power as he seeks reelection and the state’s critical 15 electoral votes. Photos You Should See View All 45 ImagesHis visit to Michigan comes ahead of the state's Feb. 27 primary. The early endorsement by the UAW was a clear win for Biden, who came to Michigan to stand alongside striking autoworkers last year.

Persons: Joe Biden, Shawn Fain, Fain, — Joe Biden, ”, Abdullah Hammoud, Biden, Pennsylvania —, Donald Trump’s, Debbie Dingell, we've, Julie Chavez Rodriguez, Hammoud, Chavez Rodriguez, Israel, Sherry Gay, “, ” Biden, Worm, Sen, Jeremy Moss, Donald Trump, Joe Biden’s, ” ___ Long, Fatima Hussein Organizations: DETROIT, United Auto Workers, Michigan, UAW, Democratic, White House, Arab, Biden, Teamsters, Wednesday, Health Ministry, Israel, AP VoteCast, Trump, Republican Locations: Gaza, Detroit, Michigan, Israel, Dearborn, . Michigan, Wisconsin, Pennsylvania, U.S, Washington, “ Michigan, Arab, Palestine, Tel Aviv, Grand Rapids, New, Grand Rapids , Michigan

WASHINGTON (AP) — As he looks past the GOP primary and towards a likely general election rematch against President Joe Biden, Donald Trump will meet with members of the Teamsters Union in Washington Wednesday afternoon as he tries to cut into Biden's support. Trump is hoping to cut into that support as he casts himself as pro-worker and tries to exacerbate longstanding divisions between union leaders and rank-and-file members. While the Teamsters endorsed Biden in 2020 and Hillary Clinton in 2016, O'Brien stressed the union has “a very diverse membership. Wheaton estimates about 30% to 40% of its members voted for Trump in 2020, even though the union endorsed Biden. Teamsters members include UPS drivers, film and television workers, freight operators, members of law enforcement and other government workers.

Persons: Joe Biden, Donald Trump, Biden, Trump, Shawn Fain, “ Shawn Fain, ” Trump, “, Sean O’Brien, ” Biden, Lauren Hitt, Biden “, O’Brien, ”, —, Hillary Clinton, O'Brien, Wheaton, you’re, ” Wheaton, Fain, Nikki Haley, Trump’s, ___ Krisher, Seung Min Kim Organizations: WASHINGTON, GOP, Teamsters Union, Union, Democratic, AP, AFL, United Auto Workers, DJT, Automobile Industry, Workers, Teamsters, Trump, Fox Business, National Labor Relations Board, ”, Cornell University, Wheaton, Republican, UAW, UPS, American Federation of Teachers, American Federation of State, Municipal Employees, Associated Press Locations: Washington, Wisconsin, Michigan, Detroit, California, Wheaton, American Federation of State , County

And the company predicts a small improvement this year even as it plans for lower vehicle selling prices due to increased discounts. Cost cutting by simplifying engineering and manufacturing saved GM about $1 billion last year, Jacobson said, with another $1 billion expected this year. The company expects EV losses to ease this year and hit low-to-mid single digit profit margins in 2025 as it adds more EVs to its lineup. It also took a $1.7 billion accounting charge on the valuation of its electric vehicle inventory that is going to bring losses, Jacobson said. This year, the company expects $1.3 billion in higher labor costs and is prepared for about a $3 billion hit due to lower prices, Jacobson said.

Persons: Paul Jacobson, “ It's, ” Jacobson, Jacobson Organizations: DETROIT, —, Motors, Detroit, North, United Auto Workers, GM, UAW, Chevrolet Bolt, Cruise, Revenue Locations: North American

Washington CNN —The United Auto Workers union on Wednesday endorsed President Joe Biden, a long-awaited announcement that is an important pickup for the president. Biden won the endorsement of the UAW in the 2020 campaign, even though many rank-and-file members supported Trump. Ahead of endorsing Biden, UAW President Shawn Fain said the choice union workers face in 2024 “isn’t about who you like. … Donald Trump stands against everything we stand for as a union – as a society.”The choice between Trump and Biden, Fain said, was clear. Trump has found support among the rank-and-file of the UAW despite Fain’s strong criticisms and union leadership’s consistent support of Democratic candidates.

Persons: Joe Biden, “, ” Biden, Biden, Donald Trump’s, Shawn Fain, isn’t, It’s, “ Donald Trump, ” Fain, that’s, … Donald Trump, Fain, “ Joe Biden, Donald Trump, ”, ” Trump, I’ve, Trump, –, Biden –, ” Shawn Fain, Ting Shen, Dan Kildee, ” Kildee, CNN’s Poppy Harlow, Joe Biden’s, Kildee Organizations: Washington CNN, United Auto Workers, Republican, GOP, UAW, Trump, Democratic Party, Great, Bloomberg, Michigan Democrat, Democratic, CNN, GM Locations: Washington ,, New Hampshire, Michigan, America, Israel, Gaza, Great Lakes State, Detroit

WASHINGTON (AP) — President Joe Biden will be the keynote speaker Wednesday at a United Auto Workers' political convention as he works to sway blue-collar workers his way in critical auto-making swing states such as Michigan and Wisconsin. But as recently as Monday, UAW President Shawn Fain was restrained in his comments, saying as the conference opened, "We have to make our political leaders stand up with us. She said his appearance should remind union members that Biden is on their side. Rothenberg said a union endorsement is important because polling shows many UAW members are often undecided in the spring before a presidential election. By Election Day, members and UAW retirees usually vote 60% Democratic, said Rothenberg, now a public relations consultant in Columbus, Ohio.

Persons: Joe Biden, Biden, Donald Trump, Shawn Fain, ”, Caroline Loveless, ” Loveless, “, ” William Louis of, Louis, Trump, ” Leo Carrillo, Carrillo, —, Johannah, Slutzky, Fain, Brian Rothenberg, Rothenberg, Stellantis, didn’t, ” Fain, Wheaton, ___ Krisher Organizations: WASHINGTON, United Auto Workers, Biden, UAW, Republican, autoworkers, PRO, U.S . Senate, Israel, Columbia University, Associated Press, Trump, ”, Cornell University, GOP, Democratic Locations: Michigan, Wisconsin, Washington, New Hampshire, Detroit, Waterloo , Iowa, ” William Louis of Groton , Connecticut, Kansas City, Gaza, Belvidere , Illinois, Chicago, Columbus , Ohio

Still, despite the sharp drop in October, job openings remain at historically high levels. And the unemployment rate has come in below 4% for 21 straight months, the longest such streak since the 1960s. The unemployment rate is expected to have remained at 3.9%, according to a survey of forecasters by the data firm FactSet. Though unemployment remains low, 1.93 million Americans were collecting unemployment benefits in the week that ended Nov. 18, the most in two years. The cooling of the job market could mean a lessening of inflation pressures and less need for the Fed to keep interest rates high.

Persons: —, Rubeela Farooqi, ” Organizations: WASHINGTON, —, Labor, Federal Reserve, The Labor Department, Hollywood, Fed Locations: — U.S

☆ Trump’s avalanche of dishonesty: Fact-checking 102 of his false claims from this fall
▼ + stars: | 2023-12-01 | by ( Daniel Dale | ) edition.cnn.com time to read: +111 min

Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.

Persons: Donald Trump, –, Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, “, ”, Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, ’, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, ‘, Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, …, White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, ”, Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . International Trade Commission, New England lobstermen, England lobstermen, Americas, Crisis, government’s Energy, Administration, Washington Free Beacon, Energy Information Administration, Democrats, Biden, Electoral, Georgia, Michigan, Carter, Democrats can’t, Republicans, Alabama, Arizona, Fox News, ” Energy, Oceanic, Atmospheric Administration, NOAA, Wildlife, Alaska Industrial Development, Export Authority, Raymond James & Associates, Wilderness Society, Cox Automotive, Pew Research Center, New York Times, National Oceanic, California Gov, California, American Petroleum Institute, Union, West, Energy, American Automobile Association, AAA, GasBuddy, New Hampshire, Houston, Keystone XL, Obama administration’s State Department, –, Foreign, Military, DoD, Afghan, Defense, Policy, Taiwan News, “, University of Tennessee’s Center for National Security, Foreign Affairs, Israeli, NBC, Jerusalem Post, Yahoo, Pentagon, ” CNN, Joint Chiefs, Staff, Post, National Security, Group, US government’s Defense Intelligence Agency, Narcotics Bureau, Global Health, Drexel University Dornsife School of Public Health, Justice Department, Washington, Judicial, Popular Mobilization Forces, Customs and, Middle East, Customs, Protection, CBP, Border Protection, Kiel Institute, European Union, New York, New, ExxonMobil, Trump University, Trump Foundation, Manhattan, Attorney, federal Justice Department, Department of Justice, Washington DC, Presidential Records, Presidential, Mar, Biden White, MAGA Republicans, Inflation, Heritage Foundation, Trump ., Brookings Tax, Urban Institute Locations: New Hampshire, New York City, Saudi, Florida, al Qaeda, New York, Texas, Iowa, Mexico, “, U.S, Houston, Iraq, Israel, Tel Aviv, Jerusalem, Nord, Germany, Russian, Trump’s, Russia, Ukraine, Europe, Guatemala, Honduras, El Salvador, El, Washington, ”, ” In Texas, Covid, China, Wuhan, Italy, France, Abraham, Bahrain, Morocco, Sudan, Gaza, Lebanon, Syria, Iran, Yemen, Libya, Palestine, Afghanistan, Somalia, Pakistan, New England, England, Kpler, Malaysia, Oregon, Alabama, Maricopa County, Arizona, Arizona’s, Moscow, Alaska, East, South Carolina, California, “ California, West Virginia, Virginia, United Kingdom, West Texas, “ U.S, Los Angeles, Venezuela, Mississippi , Louisiana, Canada, United States, Paris, Taiwan, “ China, Iranian, that’s, –, Singapore, Iraqi, San Diego, Kiel, York, Manhattan, York’s, Chicago, Philadelphia, Georgia, Qaeda

☆ CNBC Daily Open: The heat is truly on COP28
▼ + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's Nikkei 225 closed 0.5% higher, clocking monthly gains of more than 8%, while South Korea's KOSPI finished the day up 0.6%, advancing more than 11% this month. [PRO] Golden crossesThree stocks are on the verge of taking off, according to a chart pattern closely watched by technical analysts. The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average.

Persons: KOSPI, China's, Rebooting, Sam Altman, Altman Organizations: Expo, CNBC, Nikkei, Dow Jones, National Bureau of Statistics, Microsoft, Auto, United Auto Workers, Volvo, BMW, Mercedes, Benz, Hyundai, Honda, Toyota, Detroit, General Motors Locations: Dubai, United Arab Emirates, Asia, Pacific, South, Hong Kong, China, OpenAI, U.S

DETROIT (AP) — A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday. The company now expects to earn $10 billion to $10.5 billion before taxes in 2023. UAW workers shut down the company's largest and most profitable factory in Louisville, Kentucky, which makes big SUVs and heavy-duty pickup trucks. The UAW strike began Sept. 15, targeting assembly plants and other facilities at Ford, General Motors and Jeep maker Stellantis. At the end of the contract top-scale assembly workers will make about $42 per hour, plus they’ll get annual profit-sharing checks.

Persons: John Lawler, Ford, Lawler, Shawn Fain Organizations: DETROIT, United Auto Workers, Ford, UAW, Barclays Global Automotive, Mobility Technology, General Motors Locations: Dearborn , Michigan, Louisville , Kentucky, New York

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