Tesla to give 10% pay raises to hourly workers at its Nevada gigafactory: report
Tesla Inc. will give most hourly workers at its Nevada gigafactory roughly 10% raises starting in January, CNBC reported late Monday. Citing internal materials it obtained, CNBC said most hourly workers’ pay at the Sparks, Nev., battery factory will rise from $20 to $22 an hour at the low end and from $30.65 to $34.50 […]
Care Bears have easier time getting to U.S. from China
Business is largely back to normal along the global supply chain, including where it all begins for the Care Bear: the factory floor in China. Anward Shen, owner of An’Best Toys in China, which produces the plush toys for U.S. retailer Basic Fun!, said the cost of making a Care Bear is back to where […]
How Fed rate moves could impact different sectors of the stock market in 2024
Wall Street seems to agree that U.S. stocks will climb to fresh record highs in 2024. But the most important question for investors may still be the direction and speed of interest-rate moves. Rate-sensitive groups of stocks with lackluster fundamentals, such as financials, utilities, staples, “may be able to outperform, at least early in the […]
Walmart looks to lab-grown diamonds this Christmas
SECAUCUS, N.J. — Here, shoppers can browse engagement rings, tennis bracelets and pendant necklaces displayed behind glass. Then, they can walk a few yards to grab milk, cereal or socks. Welcome to Walmart. During recent inflation, the world’s largest retailer attracted new and higher-income shoppers with cheaper groceries. Now, it’s trying to cater to that […]
How Houthi attacks in Red Sea threaten global supply chain
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019. Khaled Desouki | AFP | Getty Images Attacks by Iran-backed Houthi militants on ships in the Red Sea have already rocked global trade. And there […]
Oil prices post highest finish in 2 weeks as BP suspends Red Sea crude shipments
Crude futures settled at a two-week high on Monday, finding support as attacks on shipping in the Red Sea by Houthi rebels heightened worries about supply disruptions from the Middle East. Oil major BP PLC BP, +0.88% BP, +1.61% said Monday that it was pausing all transits through the Red Sea due to worries over […]
Vans owner VF Corp shares tumble after cyberattack
A Vans store is seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Shares of The North Face and Vans owner VF Corp. tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders ahead of the holidays. The company said hackers encrypted “some” systems and made […]
Treasurys mostly selloff as traders weigh the case against an early Fed pivot
Treasury yields rose Monday morning as traders considered arguments against a dovish policy pivot by the Federal Reserve in early 2024 and after data showed homebuilders’ confidence rose this month. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y advanced less than 1 basis point to 4.463% from 4.455% on Friday. Yields move in the […]
Nikola founder Trevor Milton to be sentenced for fraud
Trevor Milton, founder of Nikola Corp., exits court in New York, US, on Monday, Sept. 12, 2022. Stephen Yang | Bloomberg | Getty Images Nikola Founder Trevor Milton is set to be sentenced Monday in a New York courtroom on three charges related to defrauding investors of the embattled electric- and hydrogen-powered truck maker. Milton […]
My wife and I are separating. How can I keep the home I’ve been paying for?
Dear Big Move, I bought a marital home and have been paying the mortgage for the duration of the life of the loan. The home is located in Philadelphia, where we have both resided for eight years. My wife and I are on the verge of a separation and I am concerned she may be […]
