United Auto Workers members attend a solidarity rally as the UAW strikes the Big Three automakers on September 15, 2023 in Detroit, Michigan.Bill Pugliano | Getty ImagesDETROIT — The most recent contract proposal by automaker Stellantis to the United Auto Workers union could lead to the closure of 18...
Members of the Writers Guild of America East are joined by SAG-AFTRA members as they picket at the Warner Bros. Discovery NYC office on July 13, 2023 in New York City.Michael M. Santiago | Getty ImagesThe Writers Guild of America said Monday that the union will resume negotiations with...
Morgan Stanley was sued for at least $750 million by private equity firms that claim they were defrauded in a deal to invest in a credit agreement for a luxury high-speed rail line. Certares Management and Knighthead Capital Management filed suit Monday in New York state court, alleging that Morgan...
Proxy voting for investors is about to become a whole lot easier. Envestnet and iconik, a voting technology provider, announced Monday they’re teaming up to provide enhanced proxy voting solutions for those using Envestnet’s Sustainable Quantitative Portfolios. The firms say the move, which comes after an increase in investor demand, will...
U.S. consumers have cut back on spending this year, and they plan to continue to do so through the holidays, a new CNBC-Morning Consult survey has found.The vast majority of adults (92%) have reduced their spending over the past six months, according to a poll fielded on behalf of...
A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis.Spencer Platt | Getty Images News | Getty ImagesNew York officials are ramping up efforts to stop the statewide proliferation of unlicensed...
Legendary golfer Gary Player thinks government and sports shouldn't mix, as the golf world goes through a major merger that has triggered antitrust concerns.Speaking to CNBC at the Berenberg Invitational on Monday, the South African golfer said the two have become "too intertwined.""We've got to get governments to stay...
The auto workers' strike is the latest in a series of labor-management conflicts that economists say could start having significant growth impacts if they persist.So far, the United Auto Workers stoppage has impacted just a small portion of the workforce with limited implications for the broader economy.But it is...