Author: Press Room

“We won this round,” UAW President Shawn Fain said in a video address on Saturday. “This contract will change thousands of lives overnight.” Now that preliminary approvals for all three contracts are done, UAW leaders will spend the next two weeks working to win “yes” votes from rank-and-file union members at the Detroit Three. The main economic provisions of the agreement follow the pattern set at Ford (NYSE:) and Chrysler parent Stellantis (NYSE:), providing 25% base wage increases for full-time workers, which could total as much as 33% including newly negotiated cost-of-living allowances. Temporary workers will have a faster path…

Bim The Industrial Select Sector (XLI) halted its two week losing streak to close the week ending Nov. 3 +5.35%, and so did the SPDR S&P 500 Trust ETF (SPY) which gained +5.85%. All the 11 S&P 500 sectors were in the green for the week, which saw the Federal Reserve keeping the interest rates steady. Year-to-date, XLI has risen +3.45%, while SPY has soared +13.67%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +20% each this week. YTD, all these 5 stocks are in the green. Granite…

Tom Homan: Biden’s border crisis is ‘by design’ Former Acting ICE Director Tom Homan reacts to reports of a terror suspect allowed to stay in the U.S. for two weeks before being arrested and discusses the ongoing national security threat posed by the border crisis.As another caravan consisting of thousands of migrants makes its way to the U.S.-Mexico border, Republicans in the House and Senate are renewing their calls for additional border security, calling on the Biden administration and Congress to change U.S. policies to stop more entries.Organizers have told media outlets that there are an estimated 7,000 people in…

Steven Ehrlich, the director of digital assets for Forbes, joins “Forbes Talks” to discuss why crypto tokenization is failing despite having top-tier backers such as Goldman Sachs and McKinsey.

(Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty Images Like any common crime, online scams follow patterns. If you know how to protect yourself, you won’t be a victim. According to a recent report from Callsign.com, scams are multiplying across the world as more people engage in ecommerce. The report reveals “the exponential global growth of scams, the role social media plays in proliferating scams, the different definitions and attack vectors used in different geographies, and the impacts on businesses and consumers.” Some key findings from the report include: Social media is a breeding ground for scams: 1 in…

© Reuters. Mercury General Corporation (NYSE:) has announced its intention to issue a $0.3175 dividend on December 28th, outperforming industry averages with an annual yield of 3.5% relative to the current stock price. The company’s robust free cash flows are expected to secure this dividend despite its current unprofitability. The firm is forecasting a significant rise in earnings per share (EPS) in the coming year, which could elevate the dividend yield to 8.0%. This optimistic outlook contrasts with Mercury General’s past dividend cuts, including a notable reduction from $2.45 in 2013 to $1.27 recently, representing an annual decrease of nearly…

justhavealook/iStock Unreleased via Getty Images Apple (NASDAQ:AAPL) fell upon reporting quarterly earnings and providing a lukewarm forecast. Despite the somewhat negative sentiment from some on Wall Street, others are still feeling pretty good about the iPhone-maker. Goldman Sachs: BUY Goldman Sachs noted that Apple’s (AAPL) total device active installed base of more than 2B reached a record high across all products and geographic segments. Its iPhone installed base also grew to a new high, and Apple noted that fiscal 2023 was a record year for switchers driven by the iPhone’s success in emerging markets like India, Latin America, the Middle…

The Republican National Committee has set a date for the fourth debate of the 2024 primaries — over the objection of the party’s front-runner, Donald J. Trump — and incrementally ratcheted up the criteria to make the stage, according to a memo sent to campaigns on Friday.The next debate, the party told campaigns, will be in Tuscaloosa, Ala., on Dec. 6. Candidates will be required to have a minimum of 80,000 unique donors and to have reached 6 percent in two national polls, or in one national poll and in one poll in one of the four early states.The previous…

The IDF released a video showing injured troops being evacuated from Gaza in helicopters. The 669 Unit has evacuated 260 wounded soldiers since the war began. The IDF has released the names of 25 soldiers killed during the ground invasion. 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 The Israel Defense Forces have released a video showing the evacuation of troops injured during the ground invasion of Gaza.The elite 669 Unit has carried out 150 ground and rescue operations and evacuated 260 wounded soldiers…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Warren Buffett’s Berkshire Hathaway continued to sell off stakes in publicly traded companies, shedding more than $5bn of exposure to US and foreign stocks in the third quarter as the firm struggled to find appealing investments in a volatile market.The sales mean the sprawling conglomerate has sold stocks for four straight quarters, with divestments approaching $40bn. It has cut positions in companies such as oil major Chevron, automaker General Motors and insurer Marsh & McLennan. The value of Berkshire’s stock portfolio shrank…