Ford CEO fires back at UAW leader as Thursday strike deadline looms
Ford CEO Jim Farley speaks with media after revealing the 2024 Ford F-150 for the Detroit auto show on Sept. 12, 2023. Michael Wayland / CNBC DETROIT – Ford Motor CEO Jim Farley rebuffed comments by United Auto Workers President Shawn Fain that the company is not taking bargaining seriously ahead of a Thursday night […]
European Central Bank lifts rates by 25 basis points, signals it may be last hike
The European Central Bank on Thursday lifted its key interest rates by 25 basis points as it continues the fight against inflation, but also signaled that its 10th straight hike may be its last. “Inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to […]
SpaceX no longer taking losses to produce Starlink satellite antennas
A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX PARIS — Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas it sells with its satellite internet service, a company executive said Wednesday, a key step to the company improving its profitability. “We were subsidizing […]
My neighbor wants me to cut down my 20-year-old oak tree. Can he force me?
Dear Quentin, I have a healthy 20-year-old oak tree that my neighbor is convinced is going to fall on his house. It provides shade and privacy for me, and it’s a beautiful specimen. How do I explain to my neighbor that removing the tree is not going to happen? Our community consists of small lots […]
Marvel VFX artists unanimously vote to unionize
Mark Ruffalo as The Hulk in “Avengers: Endgame.” Disney | Marvel Hollywood, already gripped by two strikes, has some new union members. Marvel Studios’ visual effects workers unanimously voted in favor of unionizing with the International Alliance of Theatrical Stage Employees, IATSE announced Wednesday. This marks the first time a unit of solely VFX workers […]
Delta makes it harder to get into airport lounges
Delta’s new SkyClub at John F. Kennedy International Airport in New York. Leslie Josephs/CNBC Delta Air Lines is changing how customers can earn elite frequent flyer status and is making it harder for many American Express cardholders to get into the carrier’s airport lounges, the latest reality check for air travel’s era of mass luxury. […]
If Aaron Rodgers’ injury is career-ending, will he still earn $75 million?
Regardless of what happens with Aaron Rodgers’ career as a New York Jet, he could still be in line to collect $75 million over the next two seasons. Rodgers, the 39-year-old future hall-of-famer who joined the Jets in ballyhooed fashion during the offseason after a 17-year career with the Green Bay Packers, was taken off […]
UAW auto strike negotiations: Where things stand
UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023 Michael Wayland / CNBC DETROIT — The United Auto Workers and Detroit automakers remain far apart ahead of the union “likely” strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said […]
Arm prices IPO at high end of range, raising $4.87 billion
Arm Holding Ltd. priced its initial public offering at the high end of its expected range late Wednesday following intense interest. The British chip-design company priced shares at $51, raising $4.87 billion, following earlier reports that Arm would pricing its IPO at $52 a share. A source close to the deal confirmed to MarketWatch that […]
Former Starbucks CEO Howard Schultz steps down from board
Former Starbucks CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, March 22, 2017. Jason Redmond | AFP | Getty Images Former Starbucks CEO Howard Schultz is stepping down from the coffee chain’s board, the company said Wednesday. “I look forward to supporting this next generation of leaders to steward Starbucks into […]
