NEW YORK (AP) — The federal labor board has scheduled a November vote on a petition from Home Depot workers in Philadelphia to form what could be the first storewide union at the world’s largest home improvement retailer. The National Labor Relations Board said Wednesday the vote will take place Nov. 2 at the Philadelphia…
NEW YORK (Reuters) – Bank of America Corp Chief Executive Officer Brian Moynihan said U.S. consumers are still in good financial health. “Right now, they’re in very good shape,” Moynihan told attendees at an Institute of International Finance conference in Washington. He cited high savings rates, strong credit quality, and a 10% increase in consumer…
(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Mortgage rates have more than doubled since the beginning of the year…
WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen sought Wednesday to project confidence in the U.S. financial outlook while pledging vigilance in responding to “risks on the horizon.” She is offering that message as global finance leaders gather in Washington to discuss the increasingly dismal view of the global economy. “Our economy remains resilient in…
WASHINGTON (AP) — Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for a third straight time and signaling more large rate hikes ahead. In minutes from their Sept. 20-21 meeting released…
By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration is weighing restricting imports of Russian aluminum as it charts possible responses to Moscow’s military escalation in Ukraine, a person briefed on the conversations told Reuters. Such a move, which has not been finalized, would likely boost global prices for the metal used in a wide range…
BRUSSELS (Reuters) – The European Commission has approved the proposed $11 billion acquisition of Dupont’s mobility and materials business by U.S. chemicals company Celanese Corp, on the condition that the latter divests a plastics-producing business. Celanese announced the deal in February but had to offer remedies to address EU antitrust concerns. The combined entity would…
A specialist in plastic waste management, artists, musicians, computer scientists, and a poet-ornithologist who advocates for Black people in nature are among this year’s 25 winners of the John D. and Catherine T. MacArthur Foundation’s prestigious fellowships known as “genius grants” that honor discipline-bending and society-changing people whose work offers inspiration and insight. The Chicago-based…
LONDON (Reuters) – Aluminium prices on the London Metal Exchange (LME) soared on Wednesday after Bloomberg reported that the United States was considering a ban on Russian aluminium in response to the conflict in Ukraine. Benchmark aluminium was up 3.3% at $2,309 a tonne at 1612 GMT after briefly spiking 7.3% to $2,400 a tonne….
WASHINGTON (Reuters) -The Biden administration is considering a complete ban on Russian aluminum in response to Russia’s military escalation in Ukraine, Bloomberg reported on Wednesday. The White House is weighing an outright ban, raising tariffs to levels so punitive they would impose an effective ban, or sanctioning United Co Rusal International PJSC, the company that…
