Author: IA PressRoom

(Photo by Karen Ducey/Getty Images)Getty Images Key takeaways Nearly 2,000 Amazon corporate employees took part in a staged walkout yesterday, with 900 protesting at the company’s headquarters Corporate workers are unhappy with senior management decisions on climate change, back-to-work mandates and mass layoffs Amazon’s share price was down 0.89% yesterday but still has long-term growth potential thanks to its AI and AWS business strands Amazon can’t seem to catch a break lately. On top of flagging retail sales and a tricky economic environment to contend with, it now has unhappy corporate workers to add to its list of woes. Nearly…

WASHINGTON, DC – MAY 22: U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in … [+] the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government. (Photo by Drew Angerer/Getty Images)Getty Images The House of Representatives has passed the debt ceiling compromise bill negotiated by President Joe Biden and House Speaker Kevin McCarthy (R-CA). The bill passed with a comfortable bipartisan majority, and now heads to the Senate. Biden is expected…

© Reuters. FILE PHOTO: U.S. President Joe Biden salutes as he boards Air Force One to depart from Joint Base Andrews in Maryland, U.S., May 31, 2023. REUTERS/Kevin Lamarque By Andy Sullivan WASHINGTON (Reuters) – The bipartisan debt-ceiling deal that could clear Congress as soon as Thursday would stave off an imminent U.S. default, but might deliver less budget savings than Republicans have hoped for, according to nonpartisan budget analysts. The agreement ensures that President Joe Biden will not have to grapple with another debt-ceiling showdown until after the November 2024 election. Top congressional Republican Kevin McCarthy, for his part,…

© Reuters Analysts watch closely as Chinese EVs battle for market share in Europe As new EV competitors push into Europe’s mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake. The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow…

City Council members in Portland were considering on Wednesday whether to ban homeless camping during daytime hours in most public places, a move that aims to bring the city into compliance with a new state law and appease the growing number of residents frustrated by a deepening yearslong homelessness crisis.Portland is among progressive West Coast cities moving to adopt stricter rules on camping while grappling with intertwined homelessness, housing, mental health and addiction crises. In Portland, homelessness jumped more than 30% between 2019 and 2022, according to federal data.Homeless people would have to dismantle their camp every morning and remove…

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Our experts answer readers’ student loan questions and write unbiased product reviews (here’s how we assess student loans). In some cases, we receive a commission from our partners; however, our opinions are our own. SoFi Undergraduate Student Loans 4/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star SoFi Undergraduate Student Loans 4/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Regular Annual Percentage Rate (APR) Variable: 5.16% – 13.07%, Fixed: 4.49% – 13.80% with AutoPay Compare…

Taxpayers dread owing money to the government.

Summer heralds the start of peak US beer drinking season. Warm weather and barbecues are traditionally accompanied with cold beers. The four months between May and August can generate anywhere between 35 and 40 per cent of total annual beer sales.One brewer has little to raise a glass to. US conservatives are angry with Anheuser-Busch InBev, the Belgian company behind Budweiser. They object to a Bud Light marketing campaign that featured a transgender influencer. The furore has hit Bud Light sales hard. They declined 24.3 per cent year over year in the week ending May 20, ​​according to Bump Williams…

2/2 © Reuters. An aerial view shot through a window shows Moscow International Business Centre, also known as Moskva-City, and its surroundings in Russia March 28, 2023. REUTERS/Maxim Shemetov 2/2 By Alexander Marrow and Elena Fabrichnaya (Reuters) – Russia will hold its key lending rate at 7.5% next week, a Reuters poll showed on Thursday, with persistent inflation risks seen preventing the central bank from easing the cost of borrowing and limiting Russia’s growth this year to 0.7%. Last year, the Bank of Russia gradually reversed a late February emergency rate hike to 20% after Moscow despatched tens of thousands…