United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against…
Workers at two Mercedes-Benz factories near Tuscaloosa, Alabama, voted overwhelmingly against joining the United Auto Workers on Friday, a setback in the union’s drive to organize plants in the historically nonunion South. The workers voted 56% against the union, according…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The apparent resurgence in the US meme-stock madness shows there are still plenty of idiots mucking around in public markets.…
OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a person familiar with the situation confirmed to CNBC on Friday. The person, who spoke on condition of…
An anti-tax advocacy group with ties to billionaire Jeff Yass and shipping magnate Richard Uihlein is jockeying for a fresh round of corporate levy cuts should Donald Trump win a second term in the White House. The Club for Growth…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water’s biggest shareholder has written off its investment in the utility in a sign of the escalating financial crisis…
Unprofitable bitcoin miners are starting to exit the network after the halving , as expected. That’s a relief to remaining miners by making it less expensive for them to produce a single bitcoin, but much of their performance relies on…
When politicians were battling over the debt ceiling last summer, many Americans believed Congress wouldn’t let the country run out of cash and default. After all, both parties need to agree for the sake of the American people, and Treasury…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. GameStop has announced plans to sell up to 45mn new shares, following a week in which its stock soared after…
Trucks wait to enter the Port of Los Angeles in Los Angeles, California, US, on Monday, Dec. 4, 2023. The US Census Bureau is scheduled to release trade balance figures on December 5. Photographer: Eric Thayer/Bloomberg via Getty Images Bloomberg…