Recently, the United Auto Workers union made a bold move by challenging the results of a vote held for Mercedes-Benz workers in Alabama. Despite the fact that 56% of the workers voted against union representation, the UAW is requesting a new election. The union has claimed that the German automaker fired four pro-union workers, forced
Boeing and NASA are pushing forward with the launch of Boeing’s Starliner capsule, which is set to carry U.S. astronauts for the first time. This decision comes in light of a “stable” leak detected in the spacecraft’s propulsion system. Boeing’s vice president and manager of the company’s Commercial Crew program, Mark Nappi, assured during a
Many Americans are currently facing the harsh reality of rising grocery prices, even as high inflation is starting to subside. Shoppers are experiencing frustration as they notice certain grocery products, such as chicken breasts or bread, increasing in price from week to week. In addition, other items like cereal or spaghetti are being packaged with
Saving for retirement is a crucial aspect of financial planning, and many employers are now automating the process to help employees build a substantial nest egg for the future. One common mechanism used for this purpose is automatic escalation, where the savings rate of workers in a company 401(k) plan is automatically raised each year.
The CNBC Investing Club with Jim Cramer held its “Morning Meeting” livestream, where they discussed the market rebound after a “really bad day” on Wall Street. The previous session saw a decline in late-day trading as bond yields rose due to good economic data being perceived as bad news. Despite a 9% post-earnings increase in
Aspiring homeowners often find themselves struggling to come up with the down payment required to secure a home loan. According to a survey by Clever.com, 77% of future homebuyers have started saving for a down payment, with 57% planning to put down less than 20%. While many believe that a 20% down payment is necessary
The rapid growth of the private credit industry has raised significant concerns about its ability to withstand a major downturn. While traditional banks tend to work with borrowers in times of crisis, the private credit sector lacks the same level of flexibility. CEO Jamie Dimon expressed worry about the potential impact on the United States
Opening a retirement account for your teenager while they are working summer jobs can be a highly advantageous move. According to certified financial planner Carol Fabbri, Roth individual retirement accounts are “triple-tax efficient” for teenagers. This means that Roth IRAs are funded with after-tax dollars, but teenagers often earn less than the standard deduction, which
The sales of newly built homes have seen a significant drop of 4.7% in April compared to March, with a larger decline of 7.7% from the prior year. One of the key factors contributing to this decline is the increase in mortgage rates. The average rate on a 30-year fixed mortgage rose from the high
Norfolk Southern recently came to an agreement to pay a staggering $310 million to settle charges related to a hazardous train derailment that took place in East Palestine, Ohio. The incident, which occurred in February 2023, resulted in significant environmental damage, contamination of soil and waterways, and forced local residents to evacuate. The majority of