Business

Westend61/Getty Images (NEW YORK) — Five days after a cyberattack crippled operations of MGM Resorts International, including its signature Las Vegas properties the Bellagio and the MGM Grand, the company said Thursday morning it is still working to resolve issues as another major resort operation, Caesars Entertainment, acknowledged it was also the target of a […]

ABC News (DETROIT) — As the strike deadline set by the United Auto Workers union approaches, the union’s president said that, for the first time in history, they are prepared to strike all three automakers at once. “We’re going to be doing things differently this time around,” the union’s president, Shawn Fain, said during an update […]

ABC News (DETROIT) — As the strike deadline set by the United Auto Workers union approaches, the union’s president said that, for the first time in history, they are prepared to strike all three automakers at once. “We’re going to be doing things differently this time around,” the union’s president, Shawn Fain, said during an update […]

Anton Petrus/Getty Images (NEW YORK) — Consumer prices rose 3.7% in August compared to a year ago, marking the second consecutive month of increased inflation and suggesting a bumpy path in the effort to bring inflation back down to normal levels, government data on Wednesday showed. The fresh data follows an uptick in July that reversed […]

ABC News (NEW YORK) — About 146,000 auto workers are prepared to strike this week if their demands are not met by their employers – Big Three automakers General Motors, Ford and Stellantis. Members of the United Auto Workers union are threatening to walk off their jobs in multiple states if the auto companies do not […]

ABC News (DETROIT) — As the strike deadline set by the United Auto Workers union approaches, negotiations with the Big Three automakers are making “slow” progress, with at least one meeting planned for Wednesday, said Shawn Fain, president of the union. “Can we get there? Yes, we can, but they need to buckle down and get […]

fhm/Getty Images (WASHINGTON) — The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau. In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income […]

Michael M. Santiago/Getty Images (NEW YORK) — A surge of work stoppages this year involving hundreds of thousands of employees has drawn attention to bold demands over wage increases and benefits as unions pursue raises that outpace rapid price hikes. However, at a moment when a tight job market affords unions considerable leverage, many workers […]

Anton Petrus/Getty Images (NEW YORK) — Wall Street and Washington, D.C., will closely watch the release of fresh inflation data on Wednesday that could reveal whether a monthslong cooldown of price increases returned to form in August or struck a rough patch as inflation nears normal levels. The fresh data follows an uptick in July […]

Justin Sullivan/Getty Images (NEW YORK) — Apple released a new iPhone 15 model on Tuesday that offers a USB-C charging port and improved camera. A fresh version of the Apple Watch was also unveiled. The top-end models of the iPhone 15, however, deliver a sizable markup. The prices of the standard iPhone 15 and iPhone 15 […]