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The Latest Breaking News on Business

T-Mobile Holds 'Upbeat' Capital Markets Day, Hikes Wireless Broadband Target

T-Mobile aims to grow its wireless broadband subscriber base to 12 million by the end of 2028, in a bearish development for cable TV stocks.

Investors Business Daily

Is Warner Bros. Discovery Stock Underperforming the Nasdaq?

Despite Warner Bros. Discovery’s underperformance relative to the Nasdaq Composite over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Barchart

Tupperware sounds the alarm on a trend that led to bankruptcy

Tupperware has called out a major shift in consumer behavior that contributed to shrinking sales.

The Street

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Online shopping startup Rebelstork raises $18 million from Maveron, Serena Williams to solve returns crisis

The Toronto-based startup, founded by Emily Hosie, is working with retailers and brands like Target and BabyBjörn.

Fortune

US cannabis company Eaze pays supervisors less than those they oversee, workers say

Shift supervisors unable to unionize are left in limbo, despite workers claiming low pay and lack of authority

The Guardian - US

Boeing accused of being ‘unprepared’ for federal mediation as strike continues

Union members ‘frustrated’ that company was allegedly unwilling to discuss wages and pensions in negotiations

The Guardian - US

Amazon Raises Warehouse Workers' Minimum Pay To $22/Hour

Amazon has also announced an increase in wages for contract delivery drivers to around $22 an hour as part of its $2.1 billion investment this year in a third-party logistics program.

International Business Times

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Republicans pour money into attacking Texas Democrats on LGBTQ+ issues ahead of Election Day

In his largest ad buy to date, U.S. Sen. Ted Cruz attacks U.S. Rep. Colin Allred for his support of the Equality Act. It would have prohibited gender discrimination in public places.

The Texas Tribune

Federal Reserve cuts US interest rates for the first time in four years

Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation

The Guardian - US

Trump's campaign shields his new grift

Trump's been getting away with scams, cons and crimes his entire life. Can he wriggle out of his new crypto scheme?

Salon

Jamie Dimon tells Gen Z to ditch TikTok and read books on Abraham Lincoln instead

"If you're a Democrat, read the Republican opinion ... if you're a Republican read the Democrat one. Read history books. You can't make it up."

Fortune

Boeing To Start Large-scale Furloughs With Seattle Strike Talks Stalled

Boeing said Wednesday it would start furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that shuttered Seattle manufacturing plants -- while talks with a union stalled.

International Business Times

UAW President Shawn Fain is hitting Stellantis where it hurts

The union head is threatening drastic action against the automaker.

The Street

Fed cuts interest rates by half point for first time in years. Here’s what that means for you

The major move signals end to inflation fight while shoring up job market for ‘soft landing’ as borrowing to get cheaper

The Independent UK

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The Independent UK

MrBeast and Amazon sued by competitors from his $5M reality show over alleged 'unsafe' conditions

MrBeast is accused of creating “unsafe” employment conditions and misrepresenting contestants’ odds at winning his new Amazon reality show’s $5 million grand prize

Barchart

Is Kellanova Stock Outperforming the Dow?

Despite Kellanova’s outperformance relative to the Dow Jones Industrials Average, Wall Street analysts remain cautious about the stock’s prospects.

Barchart

1 Defensive ETF to Buy Now Before the Fed Cuts Rates

As the Federal Reserve is expected to cut interest rates, investors are seeking defensive strategies, and the Utilities Select Sector SPDR Fund (XLU) stands out as a reliable option, offering stability, income, and a low expense ratio.

Top News

Loopholes In Sanctions Allow Western Nations To Purchase Russian Oil

Discover how Western nations exploit sanctions loopholes to indirectly purchase Russian oil through Turkey, supporting Russia's war efforts.

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news in one place.

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International Business Times

Boeing Not Taking Strike Talks Seriously, Union Says

The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract dispute, effectively shutting down two Seattle-area plants.

International Business Times UK

US Insurance Industry Fights Regulation To Scrap Agent Commissions, Boosting Retirement Savings By $3B Annually

A dozen insurance industry groups have secured national stay orders from two Federal courts on a new retirement protection regulation that compels agents to sell products in their client's best interests during 401(k)-IRA rollovers.

The Street

Spectrum makes a desperate move to win back fleeing customers

The telecommunications giant is rolling out a new initiative aimed at curbing a concerning trend.

The Street

New study exposes huge flaw with Tesla Autopilot and its copycats

Insurance Institute for Highway Safety and Massachusetts Institute of Technology research suggests that drivers outsmart technology with abhorrent effects.

Investors Business Daily

Zscaler, Palo Alto, Cisco Face Slowdown In Key Cybersecurity Market

Cybersecurity stocks including Zscaler and Palo Alto face a slowdown in the Secure Access Service Edge, or SASE, market, says Dell'Oro Group.

International Business Times

End Of The Party? Tupperware Files For Bankruptcy

Tupperware Brands and some of its subsidiaries have filed for Chapter 11 bankruptcy protection and are seeking a buyer, the food container firm said, after years of dwindling sales.

International Business Times

Microsoft, BlackRock join hands to raise $100 billion for AI data centers

The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, and the other participants in the group are Global Infrastructure Partners, an infrastructure investor soon to be part of BlackRock, and MGX, a tech investor in the UAE.

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