Federal Reserve official warns Trump’s deportation plan could disrupt labor supply

Mass deportations of illegal immigrants working in the US would likely disrupt the labor supply at some businesses, but it’s uncertain what impact it would have on inflation and the economy at large, Minneapolis Federal Reserve President Neel Kashkari said on Sunday. Kashkari appeared on CBS’ “Face the Nation” and outlined his views on the impact…

Justice Department sues to block UnitedHealth Group’s $3.3 billion purchase of Amedisys

NEW YORK — The Justice Department is suing to block UnitedHealth Group’s $3.3 billion purchase of Amedisys, citing concerns the combination would hinder access to home health and hospice services in the U.S. The antitrust complaint was filed in Maryland federal court Tuesday. In a statement, U.S. Attorney General Merrick Garland said the government is…

X rivals Bluesky, Threads see influx of users after Trump election

Left-leaning social media users have reportedly flocked to upstarts Bluesky and Threads — two rival apps to X, the site owned by Donald Trump-backing billionaire Elon Musk — after the former president’s victory last week. Bluesky, the decentralized platform which was founded by former Twitter CEO Jack Dorsey, added 700,000 users since last Tuesday, growing…

Chris Wallace is leaving CNN. He says he wants to see what the new media environment has to offer

Veteran broadcaster Chris Wallace is leaving CNN after three years but, at age 77, he’s not interested in retiring Chris Wallace says he’s leaving CNN after three years and, at age 77, is eager to see what a transformed media environment has to offer. “When I look at the media landscape right now, the people…

Trump has promised to ‘save TikTok’. What happens next is less clear

After a tumultuous year filled with anxiety and a legal battle about its future in the U.S., TikTok may have just been thrown a lifeline by the man who was once its biggest foe: Donald Trump. President-elect Trump, who tried to ban the social media platform the last time he was in the White House,…

Wall Street makes wagers on the likely winners and losers in a second Trump term

NEW YORK — Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy. Since Election Day, investors have sent prices zooming for stocks of banks, fossil-fuel producers and other companies expected to benefit from Trump’s preference for lower tax rates and…

NY Times tech workers union ends strike without contract

The union representing tech workers at the New York Times on Monday ended its strike — launched days before Election Day — without securing a new contract. The Tech Guild, which represents some 600 software engineers and programmers at the Gray Lady’s digital platforms, returned to work on Tuesday morning without management having met their…

Canada moves to end port lockouts and orders binding arbitration

OTTAWA, Ontario — Canada’s labor minister said Tuesday he is intervening to end lockouts at the country’s two biggest ports. Labor Minister Steven Mackinnon said the negotiations have reached an impasse and he is directing the Canada Industrial Relations Board to order the resumption of all operations at the ports and move the talks to…

Boeing says it will take several weeks to resume production of planes after the strike

Boeing says it will be several weeks before it fully resumes building passenger planes, as factory workers return following a strike that lasted nearly two months. A Boeing spokesperson said Tuesday that the delay in restarting plants in Washington state and Oregon is due to multiple steps needed to resume production. Each employee will be…

End of content

End of content