The strike was the first by the ILA since 1977, and it impacted port operations at 36 different ports, including…
Tag: Source : CNBC
The East and Gulf coast ports strike could be a no-win situation for the Biden administration
President Biden is sticking to his position of not forcing striking port union workers back on the job, a political…
Levi Strauss trims guidance as it weighs sale of Dockers business
Denim-maker Levi Strauss is looking to sell its Dockers brand as the khaki maker drags down the company's overall performance.…
Port strike could reignite inflation, with larger economic impact dependent on how long it lasts
Manufacturers of everything from trucks to toys to artificial Christmas trees face obstacles now that the ILA has called a…
China’s stock surge has echoes of the 2015 bubble. What’s different this time
The rocket up in Chinese stocks so far looks different from the market bubble in 2015, analysts said. ...
East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade
ILA union longshoremen at East Coast, Gulf Coast ports walk off the job after ownership and labor failed to reach…
Major CVS shareholder plans activist push, will meet with management, sources say
Glenview Capital is expected to meet with CVS management on Monday to discuss its plans for value creation at the…
Netanyahu says killing of Hezbollah leader Hassan Nasrallah in Israeli airstrike ‘will not be enough’
Nasrallah has led the Lebanon-based group since 1992, taking the reins after Israel assassinated the group's previous leader, Abbas al-Musawi.…
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures…
EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming, sources say
While EchoStar and DirecTV hope to complete a deal by Monday, no deal is assured, and the talks may still…
The U.S. wants to triple nuclear power by 2050. America’s coal communities could provide a pathway
The U.S. needs to add 200 gigawatts of nuclear power, a senior official at the Department of Energy said. ...
Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a "giant equity stake" in the…