Union’s Fain says ‘more to be won’ despite record offers

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023.Rebecca Cook | ReutersDETROIT – The United Auto Workers union believes there is "more to be won" in ongoing contract negotiations with the Detroit automakers following five weeks of...

Read more...

U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Pool | Via ReutersThe federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the Treasury Department announced Friday.Wrapping up a year...

Read more...

Stocks making the biggest moves midday: SEDG, RF, MRK

Check out the companies making headlines in midday trading. Schlumberger — The oilfield services stock dropped 2% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG, formerly known as Refinitiv....

Read more...