The United Auto Workers union is not backing down after the organizing vote of Mercedes-Benz workers in Alabama resulted in a 56% vote against union representation. The UAW is alleging that the German automaker engaged in unfair practices, including firing four pro-union workers, coercing workers to attend anti-union meetings, and obstructing workers from advocating for
Saving for retirement is a crucial aspect of financial planning that often requires self-discipline and consistent contributions. However, many individuals struggle to reach their desired savings goals due to inertia and a lack of proactive measures. In response to this challenge, an increasing number of employers are introducing automation in their company 401(k) plans to
Boeing and NASA are facing delays in launching the Starliner capsule, which is set to carry U.S. astronauts for the first time. Despite a “stable” leak in the spacecraft’s propulsion system, Boeing Vice President Mark Nappi assures that they have identified the cause of the leak and can manage it effectively. The first crewed launch
The issue of high inflation is slowly subsiding across the country, but many Americans are still feeling the pinch when it comes to the prices at the grocery store. According to Senator Elizabeth Warren, grocery prices experienced a significant increase during the pandemic, and even after the pandemic has ended, these prices have continued to
After a turbulent day on Wall Street, Friday saw a rebound in the market, with Jim Cramer attributing the previous day’s decline to rising bond yields fueled by positive economic data. Despite this, shares of Nvidia saw a 9% increase post-earnings, giving a glimmer of hope to investors. Goldman Sachs has adjusted its forecast for
Purchasing a home is a significant milestone for many individuals, but the path to homeownership is not without its challenges. A recent survey by Clever.com reveals that 77% of future homebuyers have already commenced saving for a down payment. However, the majority of these potential buyers are planning to put down less than the traditional
The recent surge in private credit has raised a myriad of concerns, with one of the most prominent being the lack of experience in managing a widespread downturn. As the sector continues to grow, questions arise regarding the potential repercussions for borrowers during times of crisis. During JPMorgan’s Investor Day, Chairman and CEO Jamie Dimon
Norfolk Southern recently made headlines for agreeing to pay a hefty $310 million settlement to address a toxic train derailment that occurred in East Palestine, Ohio in February 2023. This agreement comes after facing charges related to the incident, including violations of the Clean Water Act. Settlement Details The bulk of the settlement, totaling around
The U.S. Census Bureau reported a 4.7% drop in newly built home sales in April compared to March. Additionally, sales fell by 7.7% year-over-year, highlighting the challenges faced by the housing market. The decline in sales can be attributed to the impact of higher mortgage rates on prospective buyers. March sales figures were also revised
Teenagers working summer jobs have a golden opportunity to start saving for their future by opening a Roth individual retirement account (IRA). These accounts are considered to be “triple-tax efficient” for teenagers, as explained by certified financial planner Carol Fabbri. Roth IRAs are funded with after-tax dollars, but teenagers often earn less than the standard