Author: News Room

new video loaded: Boeing Union Members Vote to StriketranscriptBacktranscriptBoeing Union Members Vote to StrikeThousands of machinists and aerospace workers walked off the job on Friday, after rejecting a proposal that would have delivered raises and improvements to benefits but fell short of what the union initially sought.“Strike! Strike! Strike! Strike!” “This is about respect. This is about addressing the past. And this is about fighting for our future. Our members rejected the contract by 94.6 percent. And they voted to strike by 96 percent. We will be back at the table whenever we can get there to drive forward on…

In places like San Francisco, Phoenix and Las Vegas, robot taxis are navigating city streets, each without a driver behind the steering wheel. Some don’t even have steering wheels: But cars like this one in Las Vegas are sometimes guided by someone sitting here: This is a command center in Foster City, Calif., operated by Zoox, a self-driving car company owned by Amazon. Like other robot taxis, the company’s self-driving cars sometimes struggle to drive themselves, so they get help from human technicians sitting in a room about 500 miles away.Inside companies like Zoox, this kind of human assistance is…

What wins college football championships? A potent defense? An explosive offense? In the era of name, image and likeness, it is money.Lots of it.It can cost as much as $10.5 million for a title-contending starting offense and defense in the new Power Four conferences. The big-ticket item, of course, lines up behind the center.A blue-chip quarterback in a Power Four conference — schools like Alabama, Michigan and Washington — can expect to earn hundreds of thousands of dollars annually through name, image and likeness, or N.I.L., deals. A quarterback in the Southeastern Conference can bring in more than $1 million,…

ZK the Goat, a rising star in the world of social media, has recently made headlines with his decision to relocate to Dubai. Known for its luxury, innovation, and business-friendly environment, Dubai offers the perfect backdrop for ZK’s next chapter. With 1.3 million followers on TikTok, 858,000 subscribers on YouTube, and 485,000 followers on Instagram, ZK is not just an influencer but a global brand. His move to Dubai is a strategic one, aimed at expanding his reach and capitalizing on the city’s dynamic social media and business landscape. Dubai, often referred to as the “City of Gold,” is a…

Change in jobs +10% –10% +50% –50% The U.S. economy has added some 19 million jobs in the past four years — all the jobs lost in the pandemic plus millions more. The comeback has been faster and more complete than any in recent decades, or maybe ever.But it has also been uneven.In some parts of the country, jobs came back quickly once vaccines were available, if not earlier. In many of those places, more people are working, and earning more money, than ever before.In other places, the rebound has been much slower. As of 2023, more than two in…

new video loaded: Fed’s Powell Signals an Upcoming Rate Cut in Jackson Hole RemarkstranscriptBacktranscriptFed’s Powell Signals an Upcoming Rate Cut in Jackson Hole RemarksJerome H. Powell indicated the Federal Reserve will begin to cut interest rates in September, but stopped short of stating how large that move might be.The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks. We will do everything we can to support a strong labor market as we make further progress…

On New Year’s Day, a Telegram user in Portugal posted an ominous message that the wait was over. This was the year to stop the “Population Replacement” — a conspiracy theory that immigrants of color are taking over. On New Year’s Day, a Telegram user in Portugal posted an ominous message that the wait was over. This was the year to stop the “Population Replacement” — a conspiracy theory that immigrants of color are taking over. In the days and weeks that followed, thousands more posts like it appeared on Telegram, X, YouTube and elsewhere — with increasingly racist and…

Americans claimed more than $8 billion in climate-friendly tax credits under the Inflation Reduction Act last year, according to new data released by the Treasury Department, a “significant” number that is higher than initially expected, officials said.The bulk of the money, more than $6 billion, helped households install rooftop solar panels, small wind turbines and other renewable energy systems. These credits were most popular in sunny states, including much of the Southwest and Florida, the data shows. Credits that helped Americans improve the energy efficiency of their homes by installing an electric heat pump or boiler, adding insulation, replacing windows…

new video loaded: Rate Cut ‘Could Be on the Table’ at Next Fed Meeting, Powell SaystranscriptBacktranscriptRate Cut ‘Could Be on the Table’ at Next Fed Meeting, Powell SaysJerome H. Powell, the Federal Reserve chair, suggested an interest rate cut could be on the horizon after the central bank held rates steady at its most recent meeting.The labor market has come into better balance and the unemployment rate remains low. Inflation has eased substantially from a peak of 7 percent to 2.5 percent. We are strongly committed to returning inflation to our 2 percent goal in support of a strong economy…

300 New Jersey Avenue, N.W., Suite 900 Washington, D.C. 20001 Phone: 202-465-8728 July 30, 2024 Joseph C. Shenker Esq. Sullivan & Cromwell LLP 125 Broad Street New York, NY 10004 Re: Blacklisting detractors of the Israeli government provoked by the indiscriminate Israeli killings of infants, children, women, and men in Gaza, including a siege openly earmarked by no water, no food, no shelter, no power, no medicine, no journalists. Dear Mr. Shenker: This letter responds to your remarks reported in The New York Times, “A Wall Street Law Firm Wants to Define Consequences of Israel Protests,” by Emily…