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Investing
GM said the strike cost it $1.1 billion. But it could post a record profit this year
A 46-day strike took only a modest bite out of General Motors earnings for 2023, and America’s largest automaker said it expects profit to…
AMD earnings are coming. Can they help justify the stock’s huge increase?
Advanced Micro Devices Inc. shares have rocketed roughly 80% since the company last posted earnings. That means the pressure is on heading into Tuesday…
She says she was raped by a Lyft driver and had a child. Now she’s suing
A Florida woman sued Lyft earlier this month, alleging that she was raped by her Lyft driver in 2019 and that the assault resulted in the…
US job openings grew in December
The number of available jobs in the United States unexpectedly rose last month, according to Bureau of Labor Statistics data released Tuesday.…
Investors parked in cash should consider bonds before the Fed pivots, Nuveen says
Bonds have been rallying in anticipation of the Federal Reserve’s pivot to rate cuts this year, but today’s higher yields still leave room for buying…
NY AG sues Citibank for failing to protect customers from hackers and scammers
New York Attorney General Letitia James filed a lawsuit against Citibank on Tuesday, alleging the big bank failed to do enough to protect and…
Treasury cuts its first-quarter borrowing estimate
The Treasury Department said Monday it expects to borrow $760 billion in the first quarter, which is $55 billion lower than previously estimated. The decline…
UPS is cutting 12,000 jobs
UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up…
News channel sparks outrage over ‘sexist editing’ of female lawmaker’s image
An Australian news channel has apologized after broadcasting an edited picture of a female lawmaker that enlarged her breasts and exposed her…