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☆ Critics are hailing FX's 'Shōgun' as the next 'Game of Thrones'
▼ + stars: | 2024-02-27 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

"Shōgun," created by Rachel Kondo and Justin Marks, takes place at the turn of the 17th century in Japan. Hiroyuki Sanada as Yoshii Toranaga in the series premiere of "Shōgun." The Washington Post's Lili Loofbourow wrote that "Shōgun" will draw comparisons to "Game of Thrones" because it has a "proven combination of gorgeous set pieces, moral ambiguity, cliffhangers (literally, in one case!) According to critics, however, FX's "Shōgun" more effectively shifts the focus to the story's cast of Japanese characters. AdvertisementReviews praised Hiroyuki Sanada's performance as Toranaga YoshiiHiroyuki Sanada as Yoshii Toranaga in "Shōgun."

Persons: —, James Clavell's, Rachel Kondo, Justin Marks, John Blackthorne, Yoshii Toranaga, Hiroyuki Sanada, Katie Yu, Alan Sepinwall, Nick Hilton, Lili Loofbourow, Loofbourow, Cosmo Jarvis, Anna Sawai, Time's Judy Berman, Mike Hale, Toda Mariko, IGN's Samantha Nelson, Sanada, Hiroyuki Sanada's, Yoshii Hiroyuki Sanada, Stone's Sepinwall, Today's Kelly Lawler, IGN's Nelson, Toranaga, Critics, IndieWire's Ben Travers, Travers, Rebecca Nicholson, Yuka Kouri, Kurt Iswarienko, Variety's Alison Herman, showrunners Marks, Jonathan van Tulleken, Helen Jarvis, Carlos Rosario Organizations: Service, Hulu, Disney, Taiko, Regents, Business, Thrones, FX, New York Times Locations: United Kingdom, Japan, Kanto, Washington, Osaka, Hulu

☆ GOP lawmakers and candidates race to distance themselves from Alabama court decision
▼ + stars: | 2024-02-23 | by ( Lauren Fox | Melanie Zanona | ) edition.cnn.com time to read: +6 min

A number of congressional Republicans running in 2024 are swiftly distancing themselves from a controversial Alabama Supreme Court ruling seen as infringing on IVF, the latest obstacle for GOP candidates in the post-Roe era. IVF allowed me, as it has so many others, to start my family,” California Republican Rep. Michelle Steel, who represents a district carried by Biden, said on X. On the campaign trail though, the National Republican Congressional Committee is trying to help candidates navigate what is emerging as a tricky political moment. The memo tells candidates to “express support for IVF” and “oppose restrictions” on the procedure. Even some conservatives are going out of their way to express support for IVF and distance themselves from the Alabama ruling.

Persons: Michelle Steel, Biden, “, Don Bacon, Republicans ’, Roe, Wade, Mike Berg, Larry Hogan, Dave McCormick, ”, Sen, Tommy Tuberville, Mike Lawler, Nick LaLota, Nancy Mace, Matt Gaetz, CNN’s Abby Phillip, Kat Cammack, ” Cammack Organizations: Democratic, GOP, ” California Republican, ” Republican, Republicans, National Republican, National Republican Senatorial Campaign, CNN, Republican Senate, Maryland Gov, US, NBC, ”, Republican, New York Republican, Biden, Republican Party, Women’s Caucus, Florida Republican Locations: Alabama, ” California, Nebraska, Pennsylvania, New York, South Carolina, Florida

☆ Schism over Russia drives Republicans apart
▼ + stars: | 2024-02-20 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —There are emerging signs of a deep schism in the Republican Party over how or even whether the US should stand up to authoritarianism in Russia. With a not-so-subtle nod to Trump’s failure to criticize Russia for Navalny’s death, she compared elections in democracies to those in autocracies. Compare it with House Speaker Mike Johnson, who, at Trump’s behest, is refusing to bow to pressure to allow a vote on US aid to Ukraine. If it is clear where Haley and Trump stand on opposing Russia and helping Ukraine, what’s in Johnson’s mind is a secret. “If there is a Mike Johnson plan, there aren’t any House Republicans that are aware of its existence.” Read their full report.

Persons: Donald Trump, It’s, Nikki Haley, Haley, Alexey Navalny, ” Haley, Trump, CNN Haley’s intransigence, Mike Johnson, ” Johnson, @realDonaldTrump Organizations: CNN, Republican Party, Republicans, United, Republican, “, Mar, Trump, Twitter, ’ Locations: Russia, Ukraine, South Carolina, Russian, autocracies ., Soviet

☆ House Republicans stand by their decision to oust George Santos even as it cost them a GOP seat: 'You have to have standards'
▼ + stars: | 2024-02-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Several GOP lawmakers who voted to expel George Santos told Politico they stand by their votes. Last week, Democrat Tom Suozzi flipped Santos' former seat in a House special election. And even though Suozzi flipped the seat blue, the Republicans who backed Santos' ouster said they continue to stand behind their votes. Advertisement"I didn't shrink the Republican majority — George Santos shrunk it by his actions," Lawler told the outlet. Santos has criticized the New York Republicans who voted to remove him from Congress.

Persons: George Santos, Mike Lawler, Santos, Tom Suozzi, —, Republican Mazi Melesa Pilip, Suozzi, Lawler, Joe Biden's, Pilip, Donald Trump —, MAGA, John Curtis of, Marjorie Taylor Greene, Mike Collins of, hasn't, Greene, Collins, Suozzi — Organizations: Politico, New York Rep, Service, Republican, New York's, GOP, Republicans, Legislature, Democrats, New York Republicans Locations: New York City, New York, Washington, Nassau, John Curtis of Utah, Mike Collins of Georgia

WASHINGTON (AP) — A longshot bid to temporarily double a $10,000 cap on state and local tax deductions for most married couples went down to defeat Wednesday in the House. Republicans limited the deduction to help pay for other tax cuts in the 2017 package. They also cast the vote as an “election ploy to help New York Republicans win the next election.”“They created this problem that they now want to put a band-aid on,” Rep. Teresa Leger Fernandez, D-N.M., said of House Republicans. Nearly half of taxpayers in his district claimed the state and local tax deduction before the law was changed during the Trump administration. After the vote, Lawler said New York Republicans fought for their districts and the state, and “New York Democrats helped tanked the bill.” He said Democratic leader Hakeem Jeffries urged colleagues to vote against the procedural rule.

Persons: Donald Trump's, It's, Joe Biden, Tom Suozzi, George Santos, Biden, ”, Anthony D'Esposito, Teresa Leger Fernandez, Mike Lawler, Lawler, Trump, ” Lawler, Hakeem Jeffries Organizations: WASHINGTON, Republican, New, Republican Rep, Republicans, New York Republicans, ”, House Republicans, “ New, “ New York Democrats, Democrats Locations: New York , New Jersey , California, New York, “ New York, New York , New Jersey

☆ Why the race for the House is the one to watch in 2024
▼ + stars: | 2024-02-10 | by ( Simone Pathe | ) edition.cnn.com time to read: +16 min

CNN —It won’t suck up anywhere near the oxygen of the presidential election, but the race for the US House of Representatives may be the most exciting campaign to watch in 2024. But in the House, Republicans’ shrinking majority has underscored the importance of the balance of power in Washington. House Republicans currently control 219 seats to Democrats’ 212, with four vacancies. Santos was expelled from the House last year, but he’s not absent from the race. Seats Republicans are targetingThe House GOP campaign arm releases a similar target list, which includes 37 offensive seats this year.

Persons: they’re, Democratic Sen, Joe Manchin’s, –, George Santos ’, Santos, he’s, Joe Biden, Biden, ”, “, Cam Savage, Nathan L, Gonzales, Nick LaLota, Anthony D’Esposito, Mike Lawler, Marc Molinaro, Brandon Williams, John Duarte, David Valadao, Mike Garcia, Young Kim, Michelle Steel, David Schweikert, Juan Ciscomani, Don Bacon of Nebraska, Tom Kean of, Lori Chavez, Brian Fitzpatrick, Jen Kiggans, Tom Suozzi, Donald Trump, Mary Peltola of, Marie Gluesenkamp Perez, Jared Golden of, Matt Cartwright of, Marcy Kaptur, Kaptur, Elissa Slotkin –, Dan Kildee, Kildee –, don’t, Dale Kildee, Abigail Spanberger, Susan Wild, Emilia Sykes, Yadira, there’s, There’s, Ron DeSantis, Savage, Ron Brownstein, Trump, he’ll, Suozzi, Achim Bergmann, Bergmann, Gavin Newsom, Kathy Hochul, Eric Adams, Roe, Wade, Meredith Kelly Organizations: CNN, US, Democratic, House, Washington . House Republicans, ’, GOP, Santos, PAC, House Democratic, Republican, Congressional, Fund, Blue States Project, Republicans, Biden, New, Democratic Congressional, National Republican, Washington . Rep, –, Democrats, Rep, Independent, GOP Gov, Trump, Democrat, White, California Gov, New York Gov, New York City Locations: West Virginia, Washington, New York, Tuesday’s, York, California, “ California, Republican, Blue States, Michigan, New Mexico , Colorado, North Carolina, Arizona, Tom Kean of New Jersey, Oregon, Pennsylvania, Virginia, Iowa, Arizona , Colorado , Montana , Nebraska , Oregon , Texas, Arizona , California, Florida , Michigan, Wisconsin, Mary Peltola of Alaska, Jared Golden of Maine, Matt Cartwright of Pennsylvania, Ohio, Michigan’s 8th, –, Texas, Alabama, It’s, Louisiana, Florida, South Carolina, Charleston, Biden, Long, New

☆ Ford rewards shareholders, projects big profit jump despite cost of UAW deal
▼ + stars: | 2024-02-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Last fall Ford agreed to a big raise for striking members of the United Auto Workers union. The company announced it would give shareholders a second, supplemental dividend that will more than double the regular dividend they usually receive. Even with the drop in fourth-quarter earnings, full-year earnings at Ford rose to $8.1 billion from $7.6 billion for 2022. The high end of that range would reflect record profits by that measure for the company, said Ford CFO John Lawler. Ford is the second automaker to increase payouts to shareholders since reaching the deal with the UAW.

Persons: Ford, John Lawler, “, Jim Farley, Farley Organizations: New, New York CNN, United Auto Workers, Ford, UAW, Ford Motor, GM Locations: New York

☆ Ford CFO John Lawler: Affordability will go back to pre-pandemic levels in 2024
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFord CFO John Lawler: Affordability will go back to pre-pandemic levels in 2024John Lawler, Ford CFO, joins 'Closing Bell Overtime' to talk Ford's quarterly results, EV expectations, competition in the automobile space and more.

Persons: John Lawler Organizations: Ford

☆ Ford is reassessing its EV plans, including vertical battery integration
▼ + stars: | 2024-02-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO Jim Farley said Tuesday. He also said the company is pulling a target for its EV unit that called for 8% margin by 2026. As Ford pulls back and reevaluates the EV business, it intends to lean in on sales of hybrid vehicles, specifically trucks. The company expects its hybrid sales to increase 40% this year. It sold 133,743 hybrid vehicles in the U.S. in 2023.

Persons: Jim Farley, Farley, John Lawler, Lawler, Ford Organizations: New York, Auto, DETROIT, Detroit, Ford, EV, CNBC PRO Locations: New York, U.S

MILWAUKEE (AP) — A new estimate shows hearing loss affects approximately 37.9 million Americans and is more common in rural areas than urban ones and in men than women. The estimates are for 2019 and only include people who have hearing loss in both ears. Experts say rural Americans need better access to hearing screenings and specialists. Audiologist Melanie Buhr-Lawler, a clinical professor at the University of Wisconsin-Madison, said she saw the threats to hearing health growing up on a farm in rural Wisconsin and later researching hearing loss in rural residents. “People who live in rural areas have a hearing health double-whammy," said Buhr-Lawler, who was not involved with the study.

Persons: NORC, audiologist Nicholas Reed, ”, David Rein, Audiologist Melanie Buhr, Lawler, Buhr, Robert Wood Johnson Organizations: MILWAUKEE, University of Chicago, Johns Hopkins University, University of Wisconsin, “, U.S . Centers for Disease Control, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Madison, Wisconsin, Tomah , Wisconsin

☆ A millennial mocked corporate workers for using military jargon in the office: 'We're not in the trenches; we're in Excel'
▼ + stars: | 2024-01-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJack Lawler, the TikToker behind the account @workretiredie, recently went viral for hilariously imploring office workers to stop using military jargon to describe their day-to-day slog. This story is available exclusively to Business Insider subscribers. "Our printer went down in the office and my boss yelled 'we're basically dead in the water!'" In September, a Gen Z tech worker, Hannah Shirley, went viral on TikTok for encouraging people to communicate more authentically at work.

Persons: —, Jack Lawler, we're, Lawler, We're, Hilton, commenter, who's, Lawler isn't, Hannah Shirley Organizations: Service, Excel, Business, Omaha, PSA, Media, Twitter Locations: Iwo Jima, fuckin

Jones mandated Black majorities in one additional congressional district, two additional state Senate districts and five additional state House districts. Political Cartoons View All 1277 Images“A minority opportunity district must be a district where a single racial group is a majority," Echols said Monday. “District 7 was a minority opportunity district in our view. Besides congressional districts, minority coalitions could also be an issue in Georgia’s new state legislative maps, which are moving toward final passage. “And it’s all over this map from District 10 to congressional District 7.

Persons: Rep Lucy McBath, Steve Jones, Jones, Shelly Echols, Echols, ”, Ken Lawler, McBath, Carolyn Bordeaux, Sen, Tonya Anderson Organizations: ATLANTA, Georgia Republicans, U.S, Supreme, Democratic U.S, Rep, District, Gainesville Republican, Circuit, Appeals, Democratic, Republicans, Democrat Locations: Georgia, Atlanta, Georgia's, ”, Gainesville, U.S, Florida, Alabama, Hardee County , Florida, Gwinnett County, Fulton County, Cobb, Douglas, Fulton, Fayette counties, “, Texas, Louisiana, Mississippi, Galveston County , Texas, Michigan, Atlanta’s, Five

☆ Ford's US vehicle sales slip 0.5% in November
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsDec 4 (Reuters) - Ford Motor (F.N) posted a 0.5% drop in U.S. new vehicle sales for November on Monday, as the automaker worked to restart some of its key plants following a lengthy workers' strike that impacted vehicle production. Ford reached a deal with the United Auto Workers (UAW) union in late October, ending an over month-long strike the company said will cost it $1.7 billion. Ford's CFO John Lawler said in October restarting the plants would be complicated after the deal, which UAW workers ratified in November. Sales of Ford's electric vehicles jumped 43.2%, to 8,958 units from a year ago, the automaker said on Monday. The company reported total sales of 145,559 vehicles in November, compared with 146,364 units last year.

Persons: David, Dee, Delgado, Ford, John Lawler, Nathan Gomes, Pooja Desai Organizations: New York, REUTERS, Ford, United Auto Workers, UAW, Detroit Three, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ George Santos spent his post-expulsion weekend ranting and raving against his former New York GOP colleagues
▼ + stars: | 2023-12-04 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Santos spent the following weekend ranting about his former GOP congressional colleagues on X. He promised to file ethics complaints against three of the ten NY Republicans who voted to oust him. AdvertisementAfter becoming just the sixth member to ever get expelled from Congress, former GOP Rep. George Santos spent the weekend ranting and raving on X against his former New York Republican congressional colleagues. He added that he planned to file ethics complaints against three of the members — Malliotakis, Lawler, and LaLota — as well. If the accusations are substantiated, the group may refer the complaint to the House Ethics Committee for further investigation.

Persons: George Santos, Santos, —, he's, Nicole Malliotakis, Mike Lawler, Nick LaLota, Brandon Williams, — Malliotakis, Lawler, LaLota —, Rob Menendez, Santos — Organizations: GOP, NY Republicans, Service, GOP Rep, New, Republican, Federal, Commission, Democratic Rep Locations: New York

The strategy of association was evident as Democratic leader Hakeem Jeffries of New York castigated Republicans in comments leading up to Santos' expulsion on Friday. “Look, House Republicans knew a lot about George Santos before he was elected. In May, all five of the Republicans voted to refer to the Ethics Committee a Democratic-sponsored resolution to expel Santos. Rep. Richard Hudson, chairman of the campaign arm for House Republicans, dismissed the threat of Santos tainting other Republicans. Ellie Dougherty, a spokesperson for the Democratic Congressional Campaign Committee, said New York Republicans spent months protecting Santos.

Persons: — George Santos, Hakeem Jeffries, Santos, George Santos, ” Jeffries, coddle George Santos, Anthony D’Esposito, Michael Guest, D'Esposito, Nick LaLota, Mike Lawler, Joe Biden, Biden, Lawler, Marc Molinaro, “, ” Molinaro, ” Santos, Brandon Williams, Molinaro, “ George Santos, ”, Mike Johnson, Johnson, ” D’Esposito, Tom Suozzi, Richard Hudson, Hudson, Ellie Dougherty, we’ll, Lisa Mascaro Organizations: WASHINGTON, York, Republicans, Republican, Committee, New York Republican, Wall, Democratic, White, New, Democrat, House Republicans, Democratic Congressional, New York Republicans, Republican Party, AP Locations: New York, Santos, Mississippi, D'Esposito's, New York City, New Yorkers, Long, Hudson, Central New York

WASHINGTON (AP) — The House is making history this year in ways that Republicans could hardly have envisioned when the party took control. First, the Republicans voted to oust their speaker, Kevin McCarthy, and on Friday they voted to get rid of one of their own, indicted GOP Rep. George Santos of New York. The result has been a dizzying 11 months in a House majority riven by infighting, chiseling away at the powers of Congress and taking its toll on the actual business of governing. As the year comes to a close, the arc of power for House Republicans is at an inflection point, a new era of performance politics and chaotic governing that shows no signs of easing. A scathing House Ethics report found “overwhelming evidence” of lawbreaking by Santos, including questionable campaign expenditures on items like Botox.

Persons: Kevin McCarthy, George Santos, chiseling, Mike Lawler, Santos, you’re, ”, ” Santos, “, Donald Trump, Nick LaLota, Matt Gaetz, Mike Johnson, Johnson, Joe Biden, Hunter Organizations: WASHINGTON, House Republicans, Republican, New, Capitol, Yorkers, GOP, Trump, Republicans Locations: George Santos of New York, lawbreaking, Florida

☆ After deception and drama, George Santos faces expulsion from Congress
▼ + stars: | 2023-12-01 | by ( Gregory Krieg | ) edition.cnn.com time to read: +8 min

The authors of the subcommittee’s submission, in perhaps their most admirable achievement, summarized Santos’ grand political deception in a single sentence. (Santos’ first treasurer, Nancy Marks, resigned before pleading guilty to a conspiracy fraud charge and implicating Santos in a scheme to hoodwink donors.) Not coincidentally, all five swing-district Republican freshmen are expected to vote for Santos’ removal on Friday. In comments to reporters on Thursday, Santos promised more drama before he leaves town. “I’m going to be the first member of Congress expelled without any of those parameters.”On that point at least, Santos is telling the truth.

Persons: George Santos ’, Michael Guest, Santos, He’s, America’s, Santos ’, Mary Magdalene, United States Congress ”, “ Santos, ”, “, Goldman Sachs, Robert Zimmerman, might’ve, Santos –, Elise Stefanik, machers –, Stefanik, Anthony D’Esposito, Nick LaLota, Mike Lawler, Brandon Williams, Marc Molinaro, Thomas Datwyler, Nancy Marks, ” “, ” Santos, Marks, Mike Johnson, “ I’m Organizations: CNN, New York Republican Rep, Republican, GOP House, United States Congress, Baruch College, Business Administration, New York University, Citi Group, Democratic, Congressional District, New York Times, Empire State Democrats, Democrats, GOP, New York, Washington and New York, Battleground, ”, Republicans, Confederate Locations: Mississippi, Business, New York, Washington and New, Long, New York City, Battleground New York, Santos, Washington

☆ Ford reinstates 2023 guidance, says UAW deal to cost $8.8 billion over life of the contract
▼ + stars: | 2023-11-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

The guidance calls for $10 billion to $10.5 billion in adjusted earnings before interest and taxes, or EBIT, and adjusted free cash flow of between $5 billion and $5.5 billion. That compares to its previously announced guidance of adjusted-EBIT of between $11 billion and $12 billion and adjusted free cash flow of $6.5 billion to $7 billion. Ford said the new UAW labor agreement is expected to cost $8.8 billion over the life of the contract, which expires in April 2028. Ford further confirmed on Thursday that the UAW deal is expected to add about $900 in costs per assembled vehicle by 2028. GM's forecast called for net income attributable to stockholders of $9.1 billion to $9.7 billion; adjusted EBIT of $11.7 billion to $12.7 billion; and adjusted earnings per share of roughly $7.20 to $7.70.

Persons: Ford, John Lawler, Lawler, We've Organizations: United Auto Workers, UAW, Crosstown, General Motors, Barclays, GM, Chrysler, U.S

Saudi Arabia, Russia and other members of OPEC+ pump more than 40% of the world's oil, or some 43 million bpd. Two OPEC+ sources told Reuters a preliminary agreement has been reached for a cut of more than 1 million bpd. This would include Saudi Arabia extending the voluntary cut of 1 million bpd it has had in place since July plus additional contributions from other members, sources said. "It depends on other group participants, could be near or more," the third source said when asked about the possible 1 million bpd cut. The OPEC+ meeting coincides with the opening of the United Nations' COP28 climate summit being hosted by OPEC member the United Arab Emirates.

Persons: Dado Ruvic, Helima Croft, Alex Lawler, Olesya Astakhova, Maha El Dahan, Ahmad Ghaddar, David Goodman, Jason Neely Organizations: REUTERS, OPEC, Reuters, Saudi, Brent, RBC Capital Markets, International Energy Agency, United Nations, United, United Arab Emirates, Thomson Locations: OPEC, MOSCOW, DUBAI, Saudi Arabia, Russia, United Arab

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

☆ Just 2 House members did not vote in favor of a resolution affirming Israel's right to exist
▼ + stars: | 2023-11-29 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The House voted on a resolution affirming Israel's right to exist on Tuesday. All but two members who cast a vote, voted for it. Rep. Rashida Tlaib voted "present," while Rep. Thomas Massie voted against it. AdvertisementThe House of Representatives on Tuesday overwhelmingly passed a resolution affirming Israel's right to exist, and only two members did not vote in favor of it. The resolution also states that "denying Israel's right to exist is a form of antisemitism" — which Massie took issue with.

Persons: Rashida Tlaib, Thomas Massie, —, Rashida, Mike Lawler, Tlaib, Massie, YWBDKDCGZB — Thomas Massie, It's, Israel, Jamaal Bowman, Bowman, Sen, Bernie Sanders Organizations: Service, Democratic, Palestinian American, Republican, Republican Rep, of, Hamas, Vermont Locations: Michigan, Kentucky, New York, Israel, United States

REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsDUBAI/LONDON, Nov 29 (Reuters) - OPEC+ is continuing to hold talks on 2024 oil policy, with no delay to a meeting scheduled for Thursday currently expected, two sources from the producer group said on Wednesday. On Tuesday, sources had said a further delay to the meeting was possible amid talks which one of them described as difficult as countries maintained their positions. "The negotiations are ongoing, but no delay is expected," one of the sources said. OPEC+ sources said this was because of a disagreement over output quotas for African producers, though sources since said the group had moved closer to a compromise on this point. OPEC+ talks over production quotas have often been difficult in the past, most recently at their June meeting, which extended existing oil output cuts into 2024 and agreed the increase for the UAE because of its efforts to expand production capacity.

Persons: Dado, Maha El, Olesya Astakhova, Alex Lawler, Ahmad Ghaddar, Mark Potter, Kim Coghill Organizations: REUTERS, Rights, United, Brent, OPEC, Thomson Locations: Rights DUBAI, LONDON, OPEC, United Arab Emirates, UAE, Saudi Arabia, Russia, Saudi

☆ GM says union labor deals will increase costs by $9.3 billion
▼ + stars: | 2023-11-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

General Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in costs per vehicle during the terms of the deals. GM disclosed the expected labor deal impact as part of a business update Wednesday in which it initiated a $10 billion accelerated stock buyback program, increased its dividend and reinstated its full-year 2023 guidance. GM said the $9.3 billion in labor cost increases are expected to occur as follows: $1.5 billion in 2024; $1.8 billion in 2025; $2.1 billion in 2026; $2.5 billion in 2027; and $1.1 billion from January-April 2028. GM's expected vehicle cost increase includes $500 per vehicle in 2024. Chrysler parent Stellantis , which was the second of the so-called Big 3 U.S. automakers to reach a deal with the UAW, has not disclosed expected costs of its labor pact with the union.

Persons: —, Mary Barra, John Lawler Organizations: Motors, United Auto Workers, Canadian, UAW, GM, Detroit, Ford Motor, Ford, Chrysler, CNBC PRO Locations: —, U.S

OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is due to hold an online ministerial meeting on Thursday to discuss 2024 production targets. The market tumbled last week when OPEC+ pushed back the original date for its meeting to iron out differences on production targets for African producers. "According to delegates, Saudi Arabia is demanding lower production quotas from the other OPEC+ countries. Oil also found support from a weak dollar, an expected decline in U.S. crude inventories and the drop in Kazakh output. A weaker dollar typically bolsters oil demand, making dollar-denominated oil less expensive for buyers using other currencies.

Persons: Andrew Kelly, Waller, Phil Flynn, Commerzbank's Carsten Fritsch, Christopher Waller, Stephanie Kelly, Alex Lawler, Natalie Grover, Kim Coghill, David Goodman, David Gregorio Our Organizations: REUTERS, Brent, . West Texas, Organization of, Petroleum, Price Futures Group, United, Reuters, American Petroleum Institute, The U.S, Federal, Thomson Locations: Manhattan , New York City, U.S, Russia, Chicago, Angola, Nigeria, Saudi Arabia, Kuwait, United Arab Emirates

☆ Oil rises, Brent tops $80 ahead of OPEC+ meeting
▼ + stars: | 2023-11-28 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

A person puts gas in a vehicle at a gas station in Manhattan, New York City, U.S., August 11, 2022. OPEC+, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is due to hold an online ministerial meeting on Thursday to discuss production targets for 2024. The market tumbled last week when OPEC+ pushed back the original date for its meeting to iron out differences on production targets for African producers. Oil also found support from a weak dollar, an expected decline in U.S. crude inventories and the drop in Kazakh output. Four analysts polled by Reuters estimated that the latest round of weekly U.S. supply reports will show crude inventories fell by about 2 million barrels.

Persons: Andrew Kelly, Tamas Varga, Alex Lawler, Sudarshan, Kim Coghill, David Goodman Organizations: REUTERS, of, Petroleum, Brent, . West Texas, Reuters, American Petroleum Institute, Thomson Locations: Manhattan , New York City, U.S, OPEC, Russia, Saudi Arabia

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