Following its victory against the Big 3 US automakers, the United Auto Workers(UAW) labor union announced it would be launching initiatives to expand to other car automakers, which have fewer unionized workers. Recently, a landslide victory in a Volkswagen factory in Chattanooga, Tennessee last month suggested that the UAW’s push towards greater unionization was succeeding. […]

The collapse of Baltimore’s Francis Scott Key Bridge earlier this year and an I-95 overpass in Philadelphia last June weren’t triggered by structural flaws — a runaway, powerless ocean ship and tanker fire were the culprits. But the disasters were the latest examples of an issue seen across the U.S.: trillions of dollars worth of

The pan-European Stoxx 600 index was down 0.05% by 9:00 a.m. London time, with sectors trading in mixed territory. Autos and oil and gas stocks both lost 1.2% while mining stocks added 0.4%.   Insurance stocks gained 1.4% following strong earnings from Swiss insurers. Swiss Re shares gained 3.9% while Zurich Insurance shares added 2.3%.

Aside from ramen and sausages, South Korea’s convenience stores have a new popular item on the menu — gold bars.   The country’s largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation (KOMSCO) to offer customers mini gold bars — and they’re selling like hot cakes.   A

OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss.   “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting. “It was 100% my decision, and we’ve sold it all and we lost quite a bit of money.”   Berkshire owned 63.3

Billionaire investor Stanley Druckenmiller revealed Tuesday that he slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run.   “We did cut that and a lot of other positions in late March. I just need a break. We’ve had a hell of

Shares of maintenance and repair firm HD Hyundai Marine Solution nearly doubled in their trading debut Wednesday, marking a strong start to South Korea’s largest IPO since January 2022. Shares traded as high as 166,100 South Korean won ($121.59) apiece, representing a 99.1% surge from the IPO price of 83,400 won. The stock closed at

British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 million.   The company told CNBC it raised the cash from new investors including Hedosophia, a backer of top European fintechs including N26 and Qonto. CapitalG, Alphabet’s independent growth fund, also participated in

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers’ Association in Amsterdam.   The appearance is the central bank leader’s first public address

Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed