GM makes ‘insulting proposal’ ahead of autoworker deadline, UAW president says
General Motors has offered a 10% wage increase to the United Auto Workers in what the union’s president is calling an “insulting proposal."
Wall Street's easy days are over, time to get back to fundamentals: David Trainer
Seaport Securities founder Ted Weisberg and New Constructs CEO David Trainer discuss whether investors should buy into the stock market now or wait for deeper discounts on 'The Claman Countdown.'
JPMorgan warns auto strike will cut new vehicle production, driving used car prices higher
Analysts at JPMorgan said the looming United Auto Worker (UAW) strike at Ford, GM and Stellantis would slow new vehicle production and subsequently spike the value of used cars.
September is always ‘nowhere land’ for US markets: Ken Mahoney
Mahoney Asset Management CEO Ken Mahoney discusses the state of the economy as new data from the Labor Department suggests the U.S. will have slower job growth through 2032.
Party City's bankruptcy plan approved, with bad news for shareholders
Party City's Chapter 11 bankruptcy plan was given the all-clear by a judge on Wednesday, allowing the company to offload $1 billion in debt and leaving shareholders out of luck.
Roku cuts 10% of workforce, slows down on new hiring
Roku said Wednesday that it will trim its workforce, slow down on hiring and consolidate office space in an effort to slow down its annual operating expense growth rate.
August jobs report is another strong one, but signs of cooling emerging
August's job growth was seen across several industries, primarily driven by health care, leisure and hospitality, social assistance and construction jobs, according to the Bureau of Labor Statistics.
Former labor secretary warns Americans are going to be working for AI platforms: ‘Extremely destabilizing’
Ex-Labor Secretary Robert Reich warns that Americans will be working for "AI intermediaries and platforms" as he says the technology will transform the employment relationship.
Meta starts its return-to-office policy mandating three in-person days for some workers
Some workers at Meta Platforms had to start reporting for work in person three times per week under the social media company's office policy that came into force after Labor Day.
Southwest Airlines reaches tentative agreement with Teamsters on new contract for material specialists
Southwest Airlines and the International Brotherhood of Teamsters announced a tentative agreement on a new contract for more than 480 material specialists.
Company looking to pay someone to watch ‘The Great British Bake Off’ and eat dessert
A company in the United Kingdom is looking to hire a "Great British Bake Off" and baked goods tester to watch the upcoming season while trying out the treats.
President’s ‘Bidenomics’ messaging may not have effect on Americans he thinks it does, new poll finds
A poll shows 37% of voters approve and 59% disapprove of President Biden's handling of the economy, suggesting his "Bidenomics" messaging is falling flat.
Biden touts America as having 'strongest economy,' 'lowest inflation rate' in the world despite soaring prices
President Biden touted the U.S. as having the strongest economy and lowest inflation rate in the world during Labor Day remarks at a union event.
Labor Day by the numbers: Facts and stats about the holiday
Labor Day is celebrated on the first Monday of September. Here are a few facts and statistics that are worth knowing about the American workforce and the upcoming holiday.
'Employee whisperer' warns of major issue 'killing' companies right now
Wage compression is "destroying" companies right now according to labor relations expert Jason Greer, who says the problem is driving up turnover and unionization efforts.
5 most and least expensive states for singles
In the two most expensive states to live, single Americans need to earn over $108,000 and $84,000. On the flip side, singles can get by with just $47,500 in a handful of states.
Biden admin's overtime rule would hurt small businesses, trade groups warn
The Biden administration's proposed overtime rule would be disruptive to small businesses, trade groups warn
Worker shortages hitting these five professions
Jobs in a wide range of industries have been dealing with worker shortages. They include air traffic controllers, teachers, bus drivers, construction workers and others.
AI will impact 'everything,' businesses not adapting won't exist: Keith Fitz-Gerald
Geltrude & Company founder Dan Geltrude and The Fitz-Gerald Group principal Keith Fitz-Gerald discuss how the August jobs report could affect Fed rate hikes and the impact of A.I. on 'The Claman Countdown.'
August jobs breakdown: Which industries hired the most workers last month?
The U.S. Department of Labor reported Friday the U.S. economy added 187,000 jobs in August, driven by a burst of hiring in health care and leisure and hospitality.