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The GM strike marches on

Sep 20, 2019

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Latest Stories

Latest Stories

When interest rates drop, savers feel the pinch first

by Justin Ho Sep 19, 2019
Savers can be the first to lose when the Fed lowers the interest rate.
The potential to earn in a savings account has gone down with interest rate cuts. Above, a Chase Bank in New York.
Spencer Platt/Getty Images

From fracking to "Fortnite": Company pivots from oil to esports

by Andy Uhler Sep 19, 2019
For one investment firm, competitive video gaming suddenly looked better than the volatile energy industry.
Gamers play "Fortnite" against Twitch streamer and professional gamer Tyler "Ninja" Blevins during Ninja Vegas '18 at Esports Arena Las Vegas in April 2018.
Ethan Miller/Getty Images
Restaurant industry

What unlimited breadsticks tell us about the economy

by Kimberly Adams Sep 19, 2019
The group's diverse set of restaurants tells a story about a wide and equally diverse customer base.
Breadsticks anyone? Above, freshly baked breadsticks seen at Arizmendi Bakery in San Francisco, California.
Justin Sullivan/Getty Images

Can BET's new streaming service improve the odds for black TV talent?

by Erika Beras Sep 19, 2019
Just launched, Bet+ is expected to put pressure on incumbent services to make their content more diverse.
Filmmaker Tyler Perry’s entire catalogue will be available on BET Plus. Above, Perry and Taraji P. Henson at the 2019 BET Awards where Perry received the Ultimate Icon Award.
Liliane Lathan/Getty Images for BET

What exactly is the repo market?

by Kai Ryssdal and Bennett Purser Sep 18, 2019
It's how banks borrow money overnight. And it got a little crazy this week.
Federal Reserve Chairman Jerome Powell speaks at a news conference Wednesday in Washington, D.C., about the Fed's decision to cut interest rates.
Photo by Olivier Douliery/AFP/Getty Images

Striking GM workers’ concerns include health care, temp workers

by Tracey Samuelson Sep 18, 2019
"It's important to me that we all get treated fairly ... we don't want GM to keep the divide between us."
Members of the United Automobile Workers who are employed at the General Motors Co. Flint Assembly plant in Flint, Michigan, slow down salaried employees entering the plant as they strike early on Sept. 16.
Jeff Kowalsky/AFP/Getty Images

For renters, this economy and housing market are a mixed bag

by Erika Beras Sep 18, 2019
Economic uncertainty leaves some people content to rent. Others? Not so much.
A for rent sign is seen on a building Hollywood, California in 2016.
Robyn Beck/AFP/Getty Images

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Why the battle over fuel standards might be irrelevant for automakers

by Justin Ho Sep 18, 2019
The Trump administration is battling California over its strict fuel standards. Regardless of who ends up winning, automakers are likely to keep increasing fuel standards.
Sean Gallup/Getty Images

A divided Fed reduces rates but may not cut again this year

by Associated Press Sep 18, 2019
The modest cut — to a range of 1.75% to 2% — irritates Trump, who has insisted on more aggressive action.
Jerome Powell, chair of the Federal Reserve's board of governors, speaks during a conference at the Federal Reserve Bank of Chicago in June.
Scott Olson/Getty Images

Why Netflix and WarnerMedia want sitcoms for the streaming wars

by Ben Bradford Sep 18, 2019
Netflix hopes "Seinfeld" will keep the streaming giant master of its domain, while HBO Max hopes to enter the field with a "Big Bang."
The cast of "Seinfeld."
Getty Images