ECONOMICS NEWS

Democrats in Congress say federal mediators should let airline workers strike when it's 'necessary'
Union flight attendants are getting help from some members of Congress as they try to negotiate new labor contracts

Source: Associated Press
Wednesday, Jun 12 2024

NYC considers ending broker fees for tenants, angering real estate industry
A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry

Source: Associated Press
Wednesday, Jun 12 2024

Hochul and Dutch minister announce high-tech partnership during king, queen visit
King Willem-Alexander and Queen Maxima arrived in Albany Wednesday and toured regional semiconductor sites.

Source: Arin Cotel-Altman
Wednesday, Jun 12 2024

New Kikkoman plant bringing business to Wisconsin
Company set to hire more than 80 employees in Jefferson.

Source: Jason Fechner
Wednesday, Jun 12 2024

St. Pete city leaders discuss stadium deal, first official votes possible this week
The "Committee of the Whole" workshop was held at St. Pete City Hall and lasted for several hours.

Source: Erin Murray
Wednesday, Jun 12 2024

WeWork has emerged from bankruptcy. What's next for the co-working office space provider?
WeWork has officially emerged from bankruptcy — and appointed new leadership in the process

Source: Associated Press
Wednesday, Jun 12 2024

Wall Street climbs on hopes for coming cuts to interest rates
U.S. stocks closed higher following a surprisingly encouraging update on inflation.

Source: Associated Press
Wednesday, Jun 12 2024

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
Musk has threatened on X, his social media platform, to develop AI elsewhere if he doesn’t get a 25% stake in Tesla.

Source: Associated Press
Wednesday, Jun 12 2024

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies

Source: Associated Press
Wednesday, Jun 12 2024

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired
The CEO of Southwest Airlines says he is not resigning in the face of pressure from a hedge fund that wants him fired

Source: Associated Press
Wednesday, Jun 12 2024

Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain
Sony Pictures Entertainment is getting into the exhibition business

Source: Associated Press
Wednesday, Jun 12 2024

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired
Elliott Investment Management has said it bought a $1.9 billion stake in Southwest and wants to replace Jordan

Source: Associated Press
Wednesday, Jun 12 2024

Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain
Sony said it will continue to welcome content from all studios and distributors at the dine-in theaters.

Source: Associated Press
Wednesday, Jun 12 2024

From smart glasses to a rainbow rodeo, some Father's Day gift ideas for all kinds of dads
Whether you go big, small or DIY, there are lots of way to please dad on Father’s Day

Source: Associated Press
Wednesday, Jun 12 2024

Elon Musk drops lawsuit against ChatGPT-maker OpenAI without explanation
Elon Musk has dropped his lawsuit against OpenAI just ahead of a scheduled Wednesday hearing on the case

Source: Associated Press
Wednesday, Jun 12 2024

U.S. inflation cooled in May in sign that price pressures may be easing
Measured from a year earlier, core prices rose 3.4%, below last month's 3.6% increase.

Source: Associated Press
Wednesday, Jun 12 2024

Stock market today: Wall Street rallies after inflation surprisingly slows
U.S. stocks are rallying following a surprisingly encouraging update on inflation

Source: Associated Press
Wednesday, Jun 12 2024

Frito-Lay to lay off nearly 1/3 of its workforce in Middletown
The company cited economic reasons for the job cuts.

Source: Spectrum News Staff
Wednesday, Jun 12 2024

SentryWorld Golf Course bookings increased following U.S. Senior Open. Will the RNC do the same?
Central Wisconsin tourism officials and attractions don’t anticipate an influx of RNC-related business.

Source: Nathan Phelps
Wednesday, Jun 12 2024

German energy company Uniper says a tribunal awarded it billions in damages from Russia's Gazprom
German energy company Uniper says a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn’t supplied since 2022

Source: Associated Press
Wednesday, Jun 12 2024

The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat
The European Union has moved to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers

Source: Associated Press
Wednesday, Jun 12 2024

Stock market today: Asian shares are mostly lower ahead of Fed decision on interest rates
Shares are mostly lower in Asia ahead of a decision by the Federal Reserve on interest rates

Source: Associated Press
Tuesday, Jun 11 2024

Silicon Valley-backed voter plan for new California city qualifies for November ballot
A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot

Source: Associated Press
Tuesday, Jun 11 2024

Dog fight! Joey Chestnut 'gutted' to be out of July 4 hot dog eating contest over brand dispute
Organizers of America’s perennial July Fourth hot dog eating contest say the reigning champion won’t compete this year due to a contract dispute

Source: Associated Press
Tuesday, Jun 11 2024

Clean energy and supply chain issues top Retool'24 conference
The latest effort to connect, collaborate and create clean energy opportunities takes us to Jamestown for the third annual Retool conference.

Source: Mark Goshgarian
Tuesday, Jun 11 2024

Entrepreneur hopeful about new partnership to help small businesses
Many small businesses are continuing to deal with unique hardships, years after the COVID-19 pandemic hit.

Source: Jennifer Roberts
Tuesday, Jun 11 2024

Expert: Some upstate New York cities are heading for a 'fiscal cliff'
Greg Rabb joins Capital Tonight.

Source: Susan Arbetter
Tuesday, Jun 11 2024

John Oliver bear cakes flying out of Kingston bakery
Peter Deising, the owner of Deising's Bakery, is making the cakes following an interaction with the HBO host and comedian.

Source: John Camera
Tuesday, Jun 11 2024

Judges hear Elizabeth Holmes' appeal of fraud conviction while she remains in Texas prison
The hearing came nearly two-and-half years after a jury convicted Holmes for orchestrating a blood-testing scam.

Source: Associated Press
Tuesday, Jun 11 2024

Adaptive sleepwear line helps pediatric cancer patients
Hallegrace Heroes is a pajama line that creates adaptive sleepwear for pediatric cancer patients to feel more comfortable.

Source: Kennedy Chase
Tuesday, Jun 11 2024

Older worker accuses defense contractor of discriminating by seeking recent college grads
A defense contractor is being sued over allegations that it discriminated against older workers in job ads

Source: Associated Press
Tuesday, Jun 11 2024

Duke Energy is looking to raise base rates through 2027
The proposed increase could take effect Jan. 2025.

Source: Destiny Wiggins
Tuesday, Jun 11 2024

Waffle House raises worker pay after strikes and pressure from labor organizers
Waffle House is increasing pay for its U.S. workers after a push from labor advocates

Source: Associated Press
Tuesday, Jun 11 2024

GM board approves another $6 billion share repurchase as the automaker gains momentum
The board of General Motors has approved another $6 billion share repurchase as the Detroit automaker adds to its 2024 momentum

Source: Associated Press
Tuesday, Jun 11 2024

Wall Street drifts to a mixed close but still notches some records
Stocks drifted to a mixed close overall on Wall Street, but the S&P 500 and Nasdaq composite still managed to notch more record highs.

Source: Associated Press
Tuesday, Jun 11 2024

Wisconsin tourism sets another record-breaking year
The tourism industry had a $25 billion impact in 2023, an increase of 5.4% from the previous year.

Source: Rachel Ryan
Tuesday, Jun 11 2024

Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses
Thousands of Amazon delivery drivers have filed legal claims against the company

Source: Associated Press
Tuesday, Jun 11 2024

Boeing to open Daytona Beach facility at Embry-Riddle University
The site will open in the fall with 200 employees.

Source: Spectrum News Staff
Tuesday, Jun 11 2024

New York dairy farmers to get $21M for manure management
The funding can be used to for on-farm projects that protect water quality

Source: Emily Kenny, Report for America corps member
Tuesday, Jun 11 2024

Canadian government, border workers reach tentative agreement
The union says the workers have been without a contract for more than two years.

Source: Spectrum News Staff
Tuesday, Jun 11 2024

Key new features coming to Apple's iOS 18 this fall
Apple announced a slew of new features for iOS 18 at Monday’s developers conference event, many of which are designed to enhance the Siri assistant and bring artificial intelligence tools to iPhone users

Source: Associated Press
Tuesday, Jun 11 2024

California lawmakers fast-track bill that would require online sellers to verify their identity
The idea is that thieves will be less likely to resell stolen merchandise if authorities can track them down.

Source: Associated Press
Tuesday, Jun 11 2024

Watchdog investigates UAW president Shawn Fain, accuses union of being uncooperative
United Auto Workers president Shawn Fain is under investigation by a court-appointed watchdog who has been working to stamp out corruption at the union in wake of its stunning bribery and embezzlement scandal several years ago

Source: Associated Press
Tuesday, Jun 11 2024

Akronite app to be discontinued at end of month
Akronite was designed during the COVID-19 pandemic to help small businesses.

Source: Madison MacArthur
Tuesday, Jun 11 2024

What the new 'buy now, pay later' rule means for small businesses offering the service
“Buy now, pay later” services are a popular way that shoppers pay for goods

Source: Associated Press
Tuesday, Jun 11 2024

Program hopes to increase Black women in tech
The Black Women in Tech Program is through the Urban League.

Source: Katie Kapusta
Tuesday, Jun 11 2024

Production starts at Senegal's first offshore oil project
Production has started at Senegal's first offshore oil project

Source: Associated Press
Tuesday, Jun 11 2024

Food 4 Less workers voting on strike authorization; company makes new offer
Members of the union representing 6,000 Food 4 Less workers will begin voting this week on whether to authorize a strike.

Source: Spectrum News Staff
Tuesday, Jun 11 2024

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting
Asian stocks are mixed ahead of a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve

Source: Associated Press
Monday, Jun 10 2024

Baltimore shipping channel fully reopens after bridge collapse
The main shipping channel into Baltimore’s port has fully reopened to its original depth and width following the March 26 collapse of the Francis Scott Key Bridge

Source: Associated Press
Monday, Jun 10 2024

Apple leaps into AI with an array of upcoming iPhone features and a ChatGPT deal to smarten up
Apple has jumped into the race to bring generative artificial intelligence to the masses

Source: Associated Press
Monday, Jun 10 2024

New Skills Capital Grants funding will help enhance the development of workforce training for in-demand industries
State leaders toured Assabet Valley Technical High School Monday to see how Skills Capital Grants helped pay for instructional spaces.

Source: Olivia Lemmon
Monday, Jun 10 2024

New legislation aims to help grape growers after April freeze destroys crops
Mother Nature has once again wreaked havoc on the state's grape growers after a recent devastating freeze, spurring new legislation in Congress.

Source: Mark Goshgarian
Monday, Jun 10 2024

Alzheimer's drug that can slow disease gets backing from FDA advisers
Federal health advisers have endorsed a closely watched Alzheimer’s drug from Eli Lilly for people with mild dementia

Source: Associated Press
Monday, Jun 10 2024

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO
Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

Source: Associated Press
Monday, Jun 10 2024

Wall Street drifts up to more records ahead of this week’s Fed meeting
This week will bring top-tier reports on inflation, as well as the Federal Reserve’s latest meeting on interest rates.

Source: Associated Press
Monday, Jun 10 2024

Union representing Tops warehouse employees ratify new contract, ending strike
The employees have resumed working.

Source: Spectrum News Staff
Monday, Jun 10 2024

In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation
Bill Gates and his energy company are starting construction at their Wyoming site for a next-generation nuclear power plant he believes will “revolutionize” how power is generated

Source: Associated Press
Monday, Jun 10 2024

Extended power outage that hit Puerto Rico angers and worries many during heat advisories
Towns in central and southern Puerto Rico are struggling to emerge from a prolonged power outage that has forced authorities in the U.S. territory to activate an emergency response team

Source: Associated Press
Monday, Jun 10 2024

Facebook owner Meta seeks to train AI model on European data as it faces privacy concerns
Meta said Monday it wants to use data from users in privacy-conscious Europe to train its artificial intelligence models

Source: Associated Press
Monday, Jun 10 2024

Farm to table: How high-quality Wagyu beef hits CNY menus
A local beef producing is carving his niche in the market.

Source: Emily Kenny, Report for America corps member
Monday, Jun 10 2024

DeSantis approves $1.25 billion to increase teacher pay
The state budget funding would increase starting salaries to $48,000.

Source: Phillip Stucky
Monday, Jun 10 2024

Companies from the across the state make the Fortune 500 list
Fortune released their annual list of the 500 most profitable companies in the country.

Source: Jamilah Muhammad
Monday, Jun 10 2024

Students build a foundation for the future through Rochester construction training program
Construction training programs also present an opportunity many young people might not otherwise get.

Source: Seth Voorhees
Monday, Jun 10 2024

Hochul appoints new leadership to N.Y. state Office of Cannabis Management after assessment
Felicia A. B. Reid is named acting executive director.

Source: Luke Parsnow
Monday, Jun 10 2024

1199SEIU workers at Schoellkopf Health Center reach tentative agreement with employer
The agreement includes an average 11% wage increase retroactive to May 1.

Source: Keegan Trunick
Monday, Jun 10 2024

Effort underway to launch national stock exchange in Texas
Exchange would be electronic and headquartered in Dallas.

Source: Craig Huber
Monday, Jun 10 2024

As car prices go down slightly, what are the opportunities for buyers?
One economist says inventory is no longer an issue.

Source: Lacey Leonardi
Monday, Jun 10 2024

USDA reduces sugar and sodium limits, improves access to local food in school meals
These changes impact many popular breakfast items like flavored milk and cereal.

Source: Emily Kenny, Report for America corps member
Monday, Jun 10 2024

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating
After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch

Source: Associated Press
Monday, Jun 10 2024

Now Hiring: Amcor seeking people for office, manufacturing careers
Amcor employs about 4,600 people in Wisconsin.

Source: Nathan Phelps
Monday, Jun 10 2024

Diesel prices jump 56% as Malaysia revamps decades-old fuel subsidies
Diesel price in Malaysia have jumped by more than 50%, as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgit annually

Source: Associated Press
Sunday, Jun 09 2024

Construction to begin Monday on iconic beach ramp in Daytona Beach
While the work is being done, some businesses are concerned about lost patronage.

Source: Devin Martin
Sunday, Jun 09 2024

Greenville shop owner uses freeze dried techniques to make sweet treats
The freeze-drying process takes hours and entails slowly warming up the candy in a vacuum, which causes it to expand.

Source: Geno Perez
Sunday, Jun 09 2024

While overcoming adversity, 16-year-old entrepreneur celebrates one year of store
Freezin' with Aubrie now has partnerships with stores and attractions in 11 states, making more than 100 varieties of freeze-dried candies and treats.

Source: Ryan Hayes-Owens
Sunday, Jun 09 2024

Norwegian wealth fund to vote against Elon Musk's Tesla pay package
Norway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday

Source: Associated Press
Saturday, Jun 08 2024

Demand for food delivery has skyrocketed. So have complaints about some drivers
Since the COVID-19 pandemic, demand for food delivered fast has skyrocketed

Source: Associated Press
Saturday, Jun 08 2024

Mexico's outgoing president vows to pursue changes to Constitution despite market nervousness
Mexico’s outgoing president has pledged to press ahead with judicial reforms despite nervousness among investors, and suggestions from his own handpicked successor that he should wait

Source: Associated Press
Friday, Jun 07 2024

GameStop shares plunge even as meme stock booster 'Roaring Kitty' says company is on the right track
The investor at the center of the pandemic meme stock craze says he still believes GameStop’s management team can turn the struggling video game retailer around

Source: Associated Press
Friday, Jun 07 2024

What it takes to join the Louisville Fire Department
The application process includes multiple tests and takes months to complete, but the department said it's all to hire the best.

Source: Nikelle Delgado
Friday, Jun 07 2024

Kia recalls nearly 463,000 Telluride SUVs due to fire risk, urges impacted consumers to park outside
Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed

Source: Associated Press
Friday, Jun 07 2024

Stock market today: Stocks slip and bond yields jump following a hotter-than-expected jobs report
Stocks slipped and Treasury yields rose sharply after the government released a jobs report whose headline numbers came in hotter than expected

Source: Associated Press
Friday, Jun 07 2024

Stocks slip and bond yields jump following a hotter-than-expected jobs report
Markets may have to wait even longer for interest rate cuts from the Federal Reserve.

Source: Associated Press
Friday, Jun 07 2024

Sanford gets $5 million environmental grant to clean up abandoned Mill District building
The district has been the subject of ongoing renovation work. The property will be replaced with a parking lot.

Source: Sean Murphy
Friday, Jun 07 2024

Assembly passes bill to fix problem with farmworker overtime reimbursement
Currently, some farmers are excluded from the tax credit based on how they streamline their payroll.

Source: Spectrum News Staff
Friday, Jun 07 2024

Tangerine Plaza project takes a step forward with council vote
Council members voted 5-3 to approve a resolution that allows the mayor to execute an option agreement with Sugar Hill Group LLC.

Source: Sarah Blazonis
Friday, Jun 07 2024

In State of County address, Demings focuses on 'building better Orange County together'
The mayor said among his priorities are transportation, affordable housing, business and educational opportunities and environmental stability.

Source: Spectrum News Staff
Friday, Jun 07 2024

Practicing safety while planting, avoiding injury in the agriculture industry
Growers big and small need to practice safety when in the fields.

Source: Chuck Ringwalt
Friday, Jun 07 2024

Deli opened by celebrity chefs
Young Buck Deli is owned by Brian and Caitlin Young, who met on Top Chef

Source: Katie Kapusta
Friday, Jun 07 2024

Attorney General Ken Paxton opens investigation into car manufacturers over data privacy concerns
Paxton is investigating manufacturers over concerns they secretly collected and sold drivers’ data to insurance providers.

Source: Christine Sanchez
Friday, Jun 07 2024

China's exports grow 7.6% in May, beating expectations despite trade tensions
Official statistics say that China’s exports for May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations

Source: Associated Press
Friday, Jun 07 2024

U.S. employers added robust 272,000 jobs in May
The unemployment rate ticked up to 4%, snapping a streak of 27 consecutive months in which the rate had been lower than that number.

Source: Associated Press
Friday, Jun 07 2024

Tampa International Airport revises its 20-year master plan
By 2042, the airport estimates it will see up to 39 million passengers a year, an increase of 36 percent over today’s 25 million passengers.

Source: Jason Lanning
Friday, Jun 07 2024

South African opposition parties holding crunch talks on the ANC's unity plan. But deep rifts remain
South African opposition parties are meeting and will continue crunch talks into next week to consider the ruling African National Congress’ offer to become part of a government of national unity

Source: Associated Press
Friday, Jun 07 2024

Stock market today: Asian stocks are mixed ahead of key U.S. jobs data
Asian stocks are mixed after a steady Thursday on Wall Street as markets anticipate the key U.S. jobs data that will be revealed later in the day

Source: Associated Press
Thursday, Jun 06 2024

On the road again: Boone County's hiring blitz addresses bus driver shortage
The district needs 10 to 15 drivers and aids just to prevent current drivers from taking on double routes, but there are about 50 openings in total.

Source: Sam Knef
Thursday, Jun 06 2024

Wall Street’s momentum cools after its latest record-setting day
U.S. stocks drifted to a mixed finish as Wall Street’s momentum cooled following its latest record-setting day.

Source: Associated Press
Thursday, Jun 06 2024

Gov. Beshear pushes back at attacks against electric vehicles
The thousands of EV-related jobs across the country should be enough to overcome the political backlash against the technology, he said.

Source: Associated Press
Thursday, Jun 06 2024

NTSB says an air traffic controller's faulty assumption led to a close call between planes in Texas
Federal investigators say an air traffic’s controller’s faulty assumption nearly caused a runway collision at a Texas airport last year

Source: Associated Press
Thursday, Jun 06 2024

Little relief: Mortgage rates ease, pulling the average rate on a 30-year home loan to just below 7%
The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market

Source: Associated Press
Thursday, Jun 06 2024