Jonathan Wong
The Latest
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UAW Strike Update: Ford Commits $8.1B as UAW Eyes Broader Labor Horizon
In an unparalleled move that may redefine labor movements across the auto industry, the United Auto Workers (UAW) union on Sunday greenlit a 4½-year provisional contract with Ford Motor. This groundbreaking deal commits Ford to $8.1 billion in new plant investments and entitles UAW members to $5,000 ratification bonuses. Furthermore, the contract promises significant economic advancements, such as a compounded 25% wage increment and augmented profit-sharing packages. 
In an unparalleled move that may redefine labor movements across the auto industry, the United Auto Workers (UAW) union on Sunday greenlit a 4½-year provisional contract with Ford Motor. This groundbreaking deal commits Ford to $8.1 billion in new plant investments and entitles UAW members to $5,000 ratification bonuses. Furthermore, the contract promises significant economic advancements, such as a compounded 25% wage increment and augmented profit-sharing packages. -
UAW Strike Update: UAW and Stellantis Reach Tentative Agreement, GM Strike Expands
The United Auto Workers (UAW) union has reached a significant milestone in its ongoing labor negotiations. On Saturday, the union announced a tentative agreement with Stellantis, the automaker behind brands such as Dodge, Ram, Chrysler, and Jeep. This development comes after approximately six weeks of targeted labor strikes across the U.S. 
The United Auto Workers (UAW) union has reached a significant milestone in its ongoing labor negotiations. On Saturday, the union announced a tentative agreement with Stellantis, the automaker behind brands such as Dodge, Ram, Chrysler, and Jeep. This development comes after approximately six weeks of targeted labor strikes across the U.S. -
UAW Strike Update: GM and UAW Edge Closer to Labor Agreement After Intense Negotiations
General Motors (GM) and the United Auto Workers (UAW) union have been engaged in intense negotiations, with talks stretching until the early hours of Friday morning. The discussions, which have been described as "marathon bargaining," have been aimed at reaching a labor contract deal to end the ongoing strike that has significantly impacted the automotive industry. 
General Motors (GM) and the United Auto Workers (UAW) union have been engaged in intense negotiations, with talks stretching until the early hours of Friday morning. The discussions, which have been described as "marathon bargaining," have been aimed at reaching a labor contract deal to end the ongoing strike that has significantly impacted the automotive industry. -
Sam Bankman-Fried's Day in Court: The FTX Founder's Defense Amid Multi-Billion Dollar Fraud Allegations
In a courtroom drama that has captured the attention of the financial world, Sam Bankman-Fried, the co-founder of the now-bankrupt cryptocurrency exchange FTX, took the stand in Manhattan federal court. Facing severe allegations of fraud and money laundering, Bankman-Fried's testimony was a blend of admissions and defenses, painting a picture of a man who, while acknowledging "significant oversights," vehemently denies committing fraud. 
In a courtroom drama that has captured the attention of the financial world, Sam Bankman-Fried, the co-founder of the now-bankrupt cryptocurrency exchange FTX, took the stand in Manhattan federal court. Facing severe allegations of fraud and money laundering, Bankman-Fried's testimony was a blend of admissions and defenses, painting a picture of a man who, while acknowledging "significant oversights," vehemently denies committing fraud. -
Ford's Stock Plummets Amid Concerns Beyond Electric Vehicles
On Friday, October 27, Ford Motor Company's stock tumbled by 10%, marking its lowest point since January 2021 and a year-to-date decline of over 11%. This performance contrasts sharply with the nearly 8% rise in the S&P 500 index over the same period. 
On Friday, October 27, Ford Motor Company's stock tumbled by 10%, marking its lowest point since January 2021 and a year-to-date decline of over 11%. This performance contrasts sharply with the nearly 8% rise in the S&P 500 index over the same period. -
Intel's Q3 Earnings Surge Past Expectations, Fuels Optimism for Chip Sector
In the face of economic fluctuations and challenges in the PC market, Intel Corporation, the multinational tech giant, reported better-than-anticipated earnings for its third quarter, fueling optimism for a potential turnaround in the chip industry. 
In the face of economic fluctuations and challenges in the PC market, Intel Corporation, the multinational tech giant, reported better-than-anticipated earnings for its third quarter, fueling optimism for a potential turnaround in the chip industry. -
Amazon's Q3 Earnings Surpass Expectations with Robust Ad Revenue Growth
Amazon has once again demonstrated its financial prowess, surpassing Wall Street's predictions. The tech giant reported a total revenue of $143.1 billion, with a net income of $9.9 billion for the third quarter. These figures not only reflect the company's continued dominance in the e-commerce sector but also highlight its growing influence in the digital advertising realm. 
Amazon has once again demonstrated its financial prowess, surpassing Wall Street's predictions. The tech giant reported a total revenue of $143.1 billion, with a net income of $9.9 billion for the third quarter. These figures not only reflect the company's continued dominance in the e-commerce sector but also highlight its growing influence in the digital advertising realm. -
Google's Tactics to Curb Apple's Search Ambitions Revealed in Court Documents
The U.S. Department of Justice claims that Google pays Apple between $40 billion and $70 billion annually to ensure that Google Search remains the default search engine on Apple devices, including iPhones and iPads. 
The U.S. Department of Justice claims that Google pays Apple between $40 billion and $70 billion annually to ensure that Google Search remains the default search engine on Apple devices, including iPhones and iPads. -
Ford and UAW Reach Tentative Agreement, Ending Weeks of Strikes: Here's What It Means for Workers
In a significant development, the United Auto Workers (UAW) union and Ford Motor Co. have announced a tentative agreement, potentially concluding a nearly six-week-long strike that has affected the automaker. The announcement was made by the UAW on Wednesday night, marking a pivotal moment in the ongoing labor disputes that have gripped the automotive industry. In a significant development, the United Auto Workers (UAW) union and Ford Motor Co. have announced a tentative agreement, potentially concluding a nearly six-week-long strike that has affected the automaker. The announcement was made by the UAW on Wednesday night, marking a pivotal moment in the ongoing labor disputes that have gripped the automotive industry. -
Meta's Remarkable Q3 Earnings: Record Profits Amid Ad Resurgence and Efficiency Drive
After a challenging 2022, Meta, formerly known as Facebook, has made a significant comeback, showcasing its strongest sales and profits in its history for the third quarter. The company's recent earnings report has not only impressed Wall Street but also highlighted the resilience and adaptability of Mark Zuckerberg's social media empire. 
After a challenging 2022, Meta, formerly known as Facebook, has made a significant comeback, showcasing its strongest sales and profits in its history for the third quarter. The company's recent earnings report has not only impressed Wall Street but also highlighted the resilience and adaptability of Mark Zuckerberg's social media empire.
