Business

The United Auto Workers' success this week in organizing its first joint-venture battery plant owned by a Detroit Three automaker will aid the union in its fight to organize other similar plants and bolster its position in the changing industry, experts say.Workers at the General Motors Co. and LG Energy Solution joint-venture Ultium Cells LLC…

A driver uses the Uber app to drop off a passenger.Chris J. Ratcliffe | Bloomberg via Getty ImagesIn the annual ranking of top U.S. companies on ESG metrics conducted by research nonprofit Just Capital, there were some major moves in 2022, both up and down the list. Meta Platforms dropped 691 spots due to concerns about spread of misinformation…

Oil has been falling for four out of five last weeksKeystone pipeline shut, Russia threatens to cut outputLONDON, Dec 12 (Reuters) - Oil prices steadied on Monday after several weeks of declines as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a…

Emirates, Air India, All Nippon Airways and Japan Airlines all announced service cuts citing the issue. Emirates said it would suspend flights into nine US airports: Boston, Chicago O'Hare, Dallas Fort Worth, George Bush Intercontinental in Houston, Miami, Newark, Orlando, San Francisco and Seattle. It said it would continue flying into New…

GameStop (GME): The retailer missed on both the top and bottom lines as sales declined amid a gaming slowdown. Third-quarter net sales of $1.19 billion were down 8.5% from a year ago, driven by a 19% drop in software sales. GameStop reported losses of $94.7 million in the third quarter, its seventh quarterly loss in a row. Inventory was $1.13…

VideoDuring an interview at The New York Times’ DealBook Summit, President Volodymyr Zelensky of Ukraine rebuked Elon Musk’s peace proposal that included ceding territory to Russia.CreditCredit...Hiroko Masuike/The New York TimesPresident Volodymyr Zelensky of Ukraine on Wednesday invited Elon Musk to visit Ukraine to see the damage done to the…

<!-- -->X AE A-Xii is Elon Musk's first child with Canadian musician Grimes.The day Elon Musk took ownership of Twitter, the tech billionaire brought his 2-year-old son X AE A-Xii with him to intense talks at the company's headquarter's in San Francisco, US. The Washington Post reported that on October 27 Mr Musk and his team met with…

FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities. The source familiar with the matter told Cointelegraph that the three former FTX executives, as well as Alameda Research CEO Caroline Ellison, are looking for…

US airline chiefs have warned that the introduction of a new 5G service could cause US commerce to “grind to a halt” due to possibly grounding a significant number of aircraft and might “strand tens of thousands of Americans overseas”.Warnings of an impending “catastrophic” crisis in aviation came in a letter sent to White House National…

London CNN Business  —  The stunning downfall of the FTX exchange, one of the biggest and most reputable players in the market for digital assets, is sparking alarm among people who own cryptocurrencies as investors run for cover. There are still many unanswered…