Ford's October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023

Ford on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued levels during a union strike in October 2023.

Business - CNBC - 22 hours ago

G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions

Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.

Business - The New York Times - 5 days ago

New-home sales jump to highest level since May 2023, as lower mortgage rates drew buyers in

New-home sales surged in September, as home buyers seized on lower mortgage rates.

Business - MarketWatch - October 24

Record levels of heat-related deaths in 2023 due to climate crisis, report finds

Almost half of global land area saw extreme drought for at least one month, according to Lancet Countdown. Heat-related deaths, food insecurity and the spread of infectious diseases caused by the ...

World - The Guardian - 6 days ago

Boeing machinists end strike after approving labor contract with 38% raises

The vote is the third time since September that Boeing's machinists are considering a new labor deal.

Business - CNBC - 11 minutes ago

Boeing strike ends after machinists approve new labor contract with 38% wage increases

Boeing machinists approved a new labor deal Monday, ending a more than seven-week strike that halted most of the aircraft production at the company that was already struggling with mounting losses.

October jobs take a hit from hurricanes, strike

This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.

Politics - CBS News - 3 days ago

After Decades of Increases, CEO Pay Dipped in 2023

An annual study of chief executive compensation found average pay dropped nearly 20 percent last year, reflecting a reduction of stock options in their pay packages.

Business - Inc. - October 17

Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo

Ports of Vancouver and Prince Rupert are at a standstill after ILWU union workers walked off the job, the latest in a string of Canadian labor strikes.

Business - CNBC - 16 hours ago

Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix

World - Financial Times - 5 days ago

Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’

World - Financial Times - 5 days ago

UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - 5 days ago

Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts

World - Financial Times - 5 days ago

FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result

World - Financial Times - 5 days ago

Making sense of sentiment

And Trump equity trades

World - Financial Times - 5 days ago

Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory

World - Financial Times - 5 days ago

Ford’s CEO loves his electric vehicle. One issue — it’s not a Ford. And it’s made in China.

Ford CEO Jim Farley has fallen in love with an electric vehicle, and it’s not made by his company.

Business - MarketWatch - October 25

Roche Increases Dividend on Higher Sales

Roche said it would increase its dividend after its hemophilia injection Hemlibra and multiple sclerosis treatment Ocrevus lifted sales in the first nine months of the year.

Business - The Wall Street Journal - October 23

Planet-heating pollutants in atmosphere hit record levels in 2023

Carbon dioxide concentration has increased by more than 10% in just two decades, reports World Meteorological Organization. The concentration of planet-heating pollutants clogging the atmosphere ...

World - The Guardian - October 28

Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB

Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warming

World - Financial Times - 5 days ago

Chinese sanctions hit US drone maker supplying Ukraine

Beijing’s move leaves California company rushing to find new battery providers

World - Financial Times - 5 days ago

A strike by Greek teachers triggers a broader labor dispute

Striking Greek public school teachers have marched in protest through central Athens as tensions grow between labor organizations and the center-right government over workers’ rights

World - ABC News - October 23

EU markets watchdog pushes for extra cyber defences in new crypto rules

Esma asks for amendment to tighten regulation with demand for external audits of defences against hackers

World - Financial Times - October 16

How big is ‘big enough’ for China’s stimulus?

Some estimates and theories

World - Financial Times - October 16

L’Oréal sales disappoint due to weak Chinese demand

Revenue at world’s biggest beauty company grew 3.4 per cent in third quarter, when analysts expected 6 per cent

Business - Financial Times - October 22

Mortgage rates rise to highest level since July due to these 3 reasons

Mortgage applications fell 0.1% in the last week, the Mortgage Bankers Association said.

Business - MarketWatch - 6 days ago

Holiday Sales Growth Expected to Normalize to Prepandemic Levels

Despite shoppers’ election-year concerns and worries about the economy, retail executives predict sales to increase as much as 3.5 percent over last year’s holiday season.

Business - The New York Times - October 15

Georgia election official appeals to Musk over foreign disinformation on X

Brad Raffensperger says viral post alleging repeat voting in US state is likely from ‘Russian troll farms’

World - Financial Times - 4 days ago

Inflation vs consumption

Plus imports, and utilities

World - Financial Times - 4 days ago

Low-volatility ETFs lose favour as investors jump to buffered peers

Despite poor returns in recent years, analysts say people could be missing out on their long-term investment potential

World - Financial Times - 4 days ago

Boeing’s labor strike is forcing this company to send hundreds of employees home

Spirit AeroSystems is furloughing 700 employees due to the impact of the strike by Boeing’s machinists.

Business - MarketWatch - October 18

Boeing machinists reject new labor contract, extending strike

Nearly six weeks after walking off the job, members of the union representing more than 30,000 machinists voted Wednesday to reject Boeing's latest offer, a 35 percent raise over four years, and ...

White House blames jobs reports on hurricanes and labor strikes

The White House on Friday blamed the stall in job growth in October on the hurricanes and labor strikes in recent weeks. The U.S. added 12,000 jobs and the jobless rate stayed flat at 4.1 percent ...

Politics - The Hill - 3 days ago

Boeing machinists accept labor contract, ending 7-week strike

Boeing sweetened its offer to thousands of striking factory workers, leading machinists union to back the deal.

U.S. consumer confidence surges in October to highest level in nine months

The U.S. consumer-confidence index surged to 108.7 in October from a revised 99.2 reading in the prior month, the Conference Board said Tuesday. This is highest level of confidence since January.

Business - MarketWatch - 6 days ago

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