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The Latest Breaking News on Business

US Department of Commerce finalizes $458 million grant for SK Hynix to build Indiana packaging plant — plans to lend an additional $500 million for Lafayette project

SK Hynix gets $458 million from the U.S. government via the CHIPS Act to build an HBM packaging plant in Indiana.

Tom’s Hardware

Holiday Packages Likely Delayed as Amazon Workers Walk Out In Hubs Across 4 States: 'Blame Amazon's Insatiable Greed'

Amazon delivery drivers have gone on strike at seven facilities across four states just days before Christmas, potentially disrupting holiday deliveries.

Latin Times

AMD's 'Golden Rabbit' GPU reportedly hits 'end of life' status — Radeon RX 7900 GRE is no longer available at any retailer

Tweakers reports that several AMD add-in board partners confirmed the upper mid-range RX 7900 GRE is now declared "end-of-life" and is no longer being produced.

Tom’s Hardware

From analysis to the latest developments in health,
read the most diverse news in one place.

Thousands Of US Amazon Staff Strike Days Before Christmas

Thousands of Amazon workers on Thursday launched what they called the "largest strike against Amazon in US history" seeking to maximize pressure on the retail behemoth at the height of the holiday shopping season.

International Business Times

Why are Amazon workers on strike – and what does it mean for Christmas deliveries?

Amazon Labor Union – comprising 10,000 workers across the US – is striking over the company’s refusal to negotiate

The Guardian - US

U.S. Existing Home Sales Rise To Fastest Pace Since March

Learn about the recent surge in existing home sales in the U.S. driven by increased inventory despite rising mortgage rates.

Top News

Amazon strike threatens holiday packages

The Teamsters union said that Amazon failed to come to the bargaining table by a Dec. 15 deadline

Salon

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Amazon’s labor strife puts Christmas delivery in question as strikes launched across nation

Amazon insists its operations will not be affected by the strike

The Independent UK

Amazon stops return to office policy for US workers due to lack of office space

Despite announcing RTO plans months before they were set to roll out, Amazon still isn’t ready.

TechRadar

No, California's $20 Minimum Wage for Fast-Food Workers Did Not Create Jobs

A University of California, Berkeley, study trumpeted in the media doesn't say what the press release claims.

Reason

US Amazon workers go on ‘largest’ strike against company, Teamsters union says

Employees at seven facilities including New York, Atlanta and San Francisco take action in demand of contract talks

The Guardian - US

Strong AI Data-Center Business Not Enough To Help Micron

Strong sales of memory chips for data centers weren't enough to offset weakness in PC and smartphone markets for Micron in Q1.

Investors Business Daily

Analyst Sees 'Buying Opportunity' After Uber Stock Sell-Off On Waymo, Tesla Robotaxi Concerns

An Uber stock analyst with Oppenheimer says the ride-hail market leader's recent sell-off is an opportunity for investors.

Investors Business Daily

FedEx Stock Retreats After 'Market Cheers' Freight Spin Off

FedEx stock has outperformed UPS in 2024.

Investors Business Daily

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Investors Business Daily

Boeing Jet Production Resumes, Starliner Astronauts Delay Extended

Boeing finally resumes aircraft production at its Pacific Northwest facilities. Starliner astronauts will be stuck on the ISS until March.

International Business Times

This Is The Biggest Financial Move Americans Want To Make In 2025

A Bankrate survey revealed the top financial goals for consumers in the coming year.

Digital Camera World

Adobe hikes Photoshop prices by HUGE 50% amid stock downturn. Is it all AI’s fault?

Has Adobe’s move toward AI forced it to revise its photography pricing plans or is there an ulterior motive? Here’s my hot take…

The Independent UK

Number seeking unemployment drops right before holidays after big jump a week ago

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before

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Creative Bloq

When two advertising giants merge, how are creatives affected?

The true impact of the Omnicom/IPG merger: explained.

Barchart

Is Diamondback Energy Stock Underperforming the S&P 500?

Diamondback Energy has underperformed the S&P 500 over the past year, but analysts are highly optimistic about the stock’s prospects.

Top News

Teamsters Announce Strike At Seven Amazon Facilities

Teamsters plan strike at Amazon facilities for labor negotiations, while Amazon disputes claims regarding worker representation and control over delivery d...

International Business Times

Amazon Workers Strike: How It Could Impact Your Holiday Deliveries

The strike follows Amazon's failure to meet a Dec. 15 deadline to negotiate contracts that would secure better wages and working conditions.

International Business Times UK

Amazon Workers in New York, San Francisco, Atlanta, and Other Cities Plan Walkout on Thursday

Amazon faces a potential strike by thousands of Teamsters Union workers during the holiday season. The union is demanding better wages and working conditions.

Salon

Fed makes third rate cut this year

The final rate cut of 2024 had been widely expected by economists and investors

Fortune

SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy

Former chief executive Tim Baxter left the retailer in September 2023, seven months before Express filed for Chapter 11 bankruptcy.

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