United Auto Workers president Shawn Fain will announce the union’s next move at 10 am ET on Friday. UAW members walked out of three auto assembly plants two weeks ago, one at each of Ford Motor Co. (NYSE: F), General Motors Co. (NYSE: GM), and Stellantis NV (NASDAQ: STLA). Last week, union members at 38 GM and Stellantis parts distribution […]

WASHINGTON (Reuters) -The Republican-led U.S. House of Representatives held its first hearing on Thursday in its impeachment inquiry against Democratic President Joe Biden, less than three days before the government will partially shut down without congressional action.House Oversight Committee Ranking Member Rep. Jamie Raskin (D-MD) speaks as his aides hold boxes of what he said were thousands of pages of […]

When Peloton Interactive Inc. (NASDAQ: PTON) brought CEO Barry McCarthy out of retirement in February 2022, the company paid him an annual salary of $1 million and a whopping $167 million in stock. His total compensation package of $168 million was 2,300 times the median company salary of $73,117. In March, his salary was raised to $1.5 million. McCarthy, who […]

WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives will hold its first hearing on Thursday in its impeachment inquiry against Democratic President Joe Biden, two days before Congress’s deadline to avert a government shutdown.U.S. President Joe Biden speaks during a meeting with the President’s Council of Advisors on Science and Technology (PCAST) in San Francisco, California, U.S., September 27, […]

WASHINGTON (Reuters) – Senator Ben Cardin will serve as chairman of the U.S. Senate Foreign Relations Committee, replacing Bob Menendez, who faces felony bribery charges, after the Senate agreed to a resolution on Wednesday naming him to the position.Slideshow ( 2 images )Menendez pleaded not guilty to the charges earlier on Wednesday. It is the second time Cardin, a senior […]

E-commerce and cloud computing giant Amazon is set to inject $4 billion into Anthropic, an artificial intelligence (AI) startup founded by former OpenAI members. The move, which will give Amazon a minority stake in Anthropic, is seen as the company’s major foray into generative AI, a space currently dominated by OpenAI, Microsoft, and Alphabet. Anthropic to Move Most of Software […]

If you can not be first on board, at least catch the train before it leaves the station. Amazon.com Inc. (NASDAQ: AMZN) and AI startup Anthropic announced Monday morning that Amazon will invest up to $4 billion in Anthropic’s Claude foundation AI model. According to the announcement, Anthropic will train its Claude and future foundation models on Amazon Web Services […]

Investors should use the concept of accounting ratios to evaluate a company’s profitability. After all, they always seek a profitable company over a loss-making one. They also look for companies that offer sturdy returns even after meeting all operating and non-operating costs. There is a variety of profitability ratios, from which we have chosen the most successful and frequently used […]

Retailers have begun prepping for the holiday season with as much zeal as shoppers are looking forward to eye-popping deals. Players in the industry are all geared up to walk the extra mile this festive season to capitalize on any potential upswing in demand. Healthy employment and wage gains should support consumer spending, which has so far been resilient despite […]