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December 13, 2025
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Amazon fires 2 union organizers tied to first U.S. labor win

The Cheap Investor4 years ago4 years ago03 mins

Amazon has fired two employees with ties to the grassroots union that led the first successful U.S. organizing effort in the retail giant’s history. The company confirmed Tuesday that it fired Michal, or ‘Mat,’ Cusick and Tristan Dutchin of the Amazon Labor Union on Staten Island, New York. But it claims the “cases are unrelated…

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Musk says he would reverse Twitter’s ban of Donald Trump

The Cheap Investor4 years ago4 years ago05 mins

LONDON (AP) — Elon Musk said Twitter would reverse its ban of former President Donald Trump if his purchase of the social media company goes through, signaling just how permissive the platform could become toward free speech under his ownership. Speaking virtually at an auto conference, the Tesla CEO said Tuesday that Twitter’s ban of…

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EXPLAINER: Why is Hungary blocking sanctions on Russian oil?

The Cheap Investor4 years ago4 years ago05 mins

BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc’s 27 member nations. The president of the EU’s executive commission, Ursula von der Leyen, last week proposed phasing out…

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Peloton headwinds stiffen as people break pandemic routines

The Cheap Investor4 years ago4 years ago04 mins

Peloton’s uphill ride to get more sales is getting rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options. The maker of high-end exercise bikes and treadmills, once highflying in the early days of the pandemic, on Tuesday reported mounting losses and slowing sale. It also offered a bleak…

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Pfizer to spend $11.6B on migraine treatment maker Biohaven

The Cheap Investor4 years ago4 years ago03 mins

Pfizer is starting to put its COVID-19 cash influx to use by spending $11.6 billion to venture deeper into a new treatment area. The New York vaccine and cancer drug maker said Tuesday it will use cash on hand to buy the remaining portion of migraine treatment developer Biohaven Pharmaceutical it does not already own….

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Sony’s profit surges on healthy film, game, music growth

The Cheap Investor4 years ago4 years ago02 mins

TOKYO (AP) — Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen ($852.7 million) from the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions. Tokyo-based Sony Corp.’s January-March quarterly sales edged up 1% to 2.26 trillion yen ($17 billion), as its music operations also…

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With pomp but no queen, UK govt sets out the year’s agenda

The Cheap Investor4 years ago4 years ago05 mins

LONDON (AP) — Britain’s Conservative government set out its agenda for the next year on Tuesday with sweeping promises to cut crime, improve health care and revive the U.K.’s pandemic-scarred economy — but no new help for millions of Britons struggling to pay their bills as the cost of living soars. Prime Minister Boris Johnson…

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Timeline of NATO expansion since 1949

The Cheap Investor4 years ago4 years ago02 mins

STOCKHOLM (AP) — Finland and Sweden are nearing decisions on whether to ditch their long-standing policy of military nonalignment and join NATO in the wake of Russia’s invasion of Ukraine. They would become the 31st and 32nd members of the trans-Atlantic alliance, which was founded by the U.S. and 11 other countries following World War…

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Crucial NATO decisions expected in Finland, Sweden this week

The Cheap Investor4 years ago4 years ago06 mins

STOCKHOLM (AP) — To join or not to join? The NATO question is coming to a head this week in Finland and Sweden where Russia’s invasion of Ukraine has shattered the long-held belief that remaining outside the military alliance was the best way to avoid trouble with their giant neighbor. If Finland’s president and the…

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Stocks turn mixed on Wall Street a day after big sell-off

The Cheap Investor4 years ago4 years ago04 mins

NEW YORK (AP) — Stock indexes on Wall Street ended a choppy day of trading with a mixed finish Tuesday, after an afternoon rally in technology companies helped reverse an early slide. The S&P 500 closed 0.2% higher, snapping a three-day losing streak, after swinging between a gain of 1.9% and a loss of 0.8%….

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