Author: Press Room
tenmilemedia/iStock via Getty Images Union members at two casinos in Detroit voted to ratify a new labor contract and end what was a short strike that did not disrupt operations to a large degree. Workers at MotorCity Casino and Hollywood Casino at Greektown voted in favor of the new contract, but workers at MGM Grand Detroit rejected the tentative deal and will continue to strike. “This is a very disappointing result, especially considering the historic nature of our offer and the fact that it would immediately and positively benefit our DCC-represented MGM Grand employees and their families,” stated MGM Resorts…
© Reuters. The dollar showed signs of weakness today, with the pair falling from a high of 148.70 in Asia to a low of 148.10 in Europe, even as U.S. Treasury yields edged up nearly four basis points to 4.480%. This divergence occurred amidst a mixed performance in European equities and stable , suggesting a neutral market sentiment. Commodities experienced some volatility with gold prices slipping by 0.4% to $1,972.10 an ounce, while climbed 1.5% to $77.05 per barrel. In the cryptocurrency space, saw a gain of two percent, closing at $37,160 amid these broader market movements. The euro and…
Texas Gov. Greg Abbott endorses Trump in 2024 Washington Examiner deputy editor Kaylee McGhee White joined ‘FOX & Friends First’ to discuss the impact of Abbott’s endorsement and the role immigration will play in the 2024 presidential election. Illinois Gov. J.B. Pritzker appeared to take a page out of the White House’s playbook in likening GOP front-runner and former President Donald Trump to Adolf Hitler and Benito Mussolini over his use of the term “vermin” to describe his political enemies ahead of the 2024 presidential election. The Democrat, one of the leading Jewish governors in the country, told MSNBC’s “Inside with…
Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Welcome back! The holiday season is basically here, so here’s a rundown of the difference between Michaels and Hobby Lobby’s holiday decorations. In today’s big story, we’re looking at Sam Altman’s shocking ouster at OpenAI.What’s on deck: But first, a leadership transition.The big storySee ya, Sam Richard A. Chance for Insider Roughly a year ago, Sam Altman was the CEO of the company at the center of one of the biggest tech revolutions in recent memory. Then he…
This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Good morning. The language of JPMorgan’s latest annual climate report reflects an increasingly mainstream vision of the green transition among banks and some analysts, in which financing clean energy is at least as important as stepping away from fossil fuels. But the US banking giant’s decision to no longer hold itself to a target focused specifically on oil and gas…
© Reuters. Argentine president-elect Javier Milei greets supporters after winning Argentina’s runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Cristina Sille/ File Photo By Hernan Nessi and Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s libertarian President-elect Javier Milei has won a closely fought election. Now comes the hard part: dealing with economic crises. Inflation is at 143%, net reserves of foreign currency are deep in the red, savers are ditching the peso, and a recession is looming – if not already here. Four in 10 Argentines live in poverty and a sharp peso devaluation is likely. Milei, who…
2/2 © Reuters. Lauren Maginness rides an exercise bike wearing Dupes, short for duplicate, at her apartment in New York City, U.S., November 10, 2023. REUTERS/Shannon Stapleton 2/2 By Katherine Masters NEW YORK (Reuters) – Lauren Maginness is a fan of Lululemon (NASDAQ:). But the 31-year-old product marketer in New York City is increasingly supplementing her activewear with less-pricey brand duplicates she picks up through e-commerce site Amazon.com (NASDAQ:). One of her favorites: CRZ Yoga’s $32 high-waisted yoga pants, resembling Lululemon’s popular $98 Align (NASDAQ:) leggings. Maginness learned about CRZ from an influencer on short-video platform TikTok who describes herself…
© Reuters. FILE PHOTO: Austrian police officers stand in front of the OPEC headquarters in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger/File Photo (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on Nov. 26 to discuss their joint output policy. Below are key facts about OPEC+ and its role. What are OPEC and OPEC+? OPEC was founded in 1960 in Baghdad by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela with an aim of coordinating petroleum policies and securing fair and stable prices. Now,…
Scott Olson/Getty Images News Krispy Kreme (NASDAQ:DNUT) fell in early trading on Monday after JPMorgan downgraded the restaurant stock to a Neutral rating from a prior stance of Overweight. The firm thinks the 25% year-to-date rally for Krispy Kreme (DNUT) has already baked in much of the upside potential. Analyst John Ivankoe and team view Krispy Kreme (DNUT) as a large and widely admired brand, and believe increased accessibility will allow the company to more fully participate in the $650B global indulgence market. However, the JPMorgan view is that execution has not always been consistent in terms of every Krispy…
When the Supreme Court heard arguments this month on whether the Second Amendment allows the government to disarm domestic abusers, Justice Amy Coney Barrett made a cryptic reference that puzzled many in the courtroom. She asked, according to the court’s official transcript, about “the range issue.”Sentencing range? Firing range? She was, it turned out, referring to a person, Bryan Range, who has challenged a federal law prohibiting people who have been convicted of felonies from owning guns.Mr. Range is a far more sympathetic figure than the defendant in the domestic violence case, Zackey Rahimi. According to court records, Mr. Rahimi…