Business

Via e U.S. Bureau of Labor Statistics (WASHINGTON) — U.S. hiring slowed in October, but fallout from hurricanes and labor strikes likely caused an undercount of the nation’s workers. A fresh jobs report marked the final piece of major economic data before Election Day. However, the data offers little more than a blurry snapshot of […]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — A newly filed lawsuit has accused Subway of “unfair and deceptive trade practices” and selling its steak-and-cheese sandwiches based on “false and misleading advertisements,” that the lawsuit claims show customers getting at least three times more meat than is actually in the product. The class-action complaint against […]

James Marshall via Getty Images (NEW YORK) — The U.S. economy grew at a robust pace over three months ending in September, slowing slightly from the previous quarter but continuing to dispel any concern about a possible slowdown. The fresh report marks one of the last major pieces of economic data before the presidential election. […]

JASON REDMOND/AFP via Getty Images (SEATTLE) — Boeing machinists overwhelmingly rejected a contract proposal this week, opting to extend a weekslong strike and send negotiators back to the bargaining table. Sixty-four percent of workers voted against the new contract, according to the International Association of Machinists and Aerospace Workers (IAM), the union representing 33,000 Boeing […]

David Ryder/Bloomberg via Getty Images (NEW YORK) — Tens of thousands of Boeing machinists on Wednesday will vote on a new contract proposal that could end a weekslong work stoppage against the embattled aerospace company. Workers overwhelmingly rejected a previous offer last month, putting the outcome of the impending vote in doubt. Hours before workers were set to cast […]

Cadillac (NEW YORK) — General Motors is “very serious about making Cadillac a premium brand again,” Michael Simcoe — the company’s senior vice president of global design — told ABC News in an interview about the “engineering and design tour de force” that is the new Celestiq. The interview below has been edited for clarity. […]

STEFANIA ROSINI/NETFLIX (NEW YORK) — Shares of Netflix climbed about 9% in early trading on Friday after a strong earnings report propelled by hit shows like “Nobody Wants This” and “The Perfect Couple.” The company added about 5 million subscribers over a three-month period ending in September, which marked a roughly 40% decline from the same period one year […]

General_4530/Getty Images (WASHINGTON) — Former President Donald Trump has proposed tariffs as the solution for a host of perceived ills: the decline of U.S. manufacturing, the arrival of undocumented immigrants and the costs of childcare, among others. “To me, the most beautiful word in the dictionary is ‘tariff,’” Trump said this week during an appearance […]

Tim Boyle/Getty Images (NEW YORK) — 7-Eleven will close more than 400 of its “underperforming stores” across the U.S. and Canada in an effort to reduce costs and bolster earnings before the end of the year. Seven & I Holdings, the Tokyo-based parent company of the convenience store chain, announced the news during an earnings […]

Dominika Zarzycka/NurPhoto via Getty Images (NEW YORK) — Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a letter to employees on Friday. That amounts to around 17,000 jobs, based on the company’s December 2023 total workforce numbers. Ortberg said due to the workforce […]