Month: September 2022

Chick-fil-A employee hailed for stopping man from carjacking mother with infant

An employee of a Chick-fil-A restaurant in Florida is being praised as a hero after he fought off a man trying to steal a car from a woman getting her infant out of the vehicle in a harrowing parking lot confrontation captured on video. Incredibly, it wasn’t even the first time that 26-year-old Thomas “Mykel” …

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Pilots at Alaska-owned Horizon Air win huge pay hikes in new contract

Pilots at Alaska-owned Horizon Air win huge pay hikes in new contract

The more than 700 pilots at Horizon Air, the lower-wage regional sister carrier to Alaska Airlines, have won a blowout contract that provides stunning pay increases. Captains will get an average pay hike of 74% while first officers will get a pay raise of 85%, the pilot union announced Friday. First-year captains at Horizon will …

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Worker shortages are fueling America’s biggest labor crises

Worker shortages are fueling America’s biggest labor crises

Exhausted workers in education, healthcare and the railroad industry are pushing back after months of staffing shortfalls September 16, 2022 at 4:34 p.m. EDT Striking nurses demonstrate for better working conditions on the public sidewalks outside Riverside Hospital on Sept. 13 in Minneapolis. (Annabelle Marcovici for The Washington Post) The U.S. economy came within hours …

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Across Minnesota, higher mortgage rates take a toll on home sales and listings

Across Minnesota, higher mortgage rates take a toll on home sales and listings

The doubling of mortgage rates over the past year is beginning to take a toll on home sales across Minnesota. This week, mortgage rates topped 6% for the first time in 14 years as lenders continue leaping ahead of the expected hikes to the main rate set by the Federal Reserve. On Friday, a new …

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After a serious breach, Uber says its services are operational again

After a serious breach, Uber says its services are operational again

An Uber sign is displayed at the company’s headquarters in San Francisco on Monday. Jeff Chiu/AP hide caption toggle caption Jeff Chiu/AP An Uber sign is displayed at the company’s headquarters in San Francisco on Monday. Jeff Chiu/AP The ride-hailing service Uber said Friday that all its services are operational following what security professionals were …

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The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones Industrial Average DJIA, -0.45% was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark S&P …

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Fed's inflation fight will likely lead to stagflation: Ray Dalio

Billionaire Ray Dalio warns stocks could plunge 20% if interest rates rise to 4.5%

Billionaire investor Ray Dalio gives his takes on the latest world news and provides expert analysis on the state of the economy on ‘Cavuto: Coast to Coast.’  Billionaire Ray Dalio, the founder of one of the world’s largest hedge funds, warned that stocks could tumble even lower this year after the hotter-than-expected August inflation data …

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Stocks fall after FedEx warns of global recession | CNN Business

Stocks fall after FedEx warns of global recession | CNN Business

New York CNN Business  —  US stocks fell on Friday after FedEx served investors a brutal pre-earnings announcement about the state of the global economy. The Dow closed down 140 points, or 0.5%, lower. The S&P 500 fell 0.7% and the Nasdaq Composite was down 0.9%. All three major indexes logged their fourth losing week …

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What’s next for Bitcoin and the crypto market now that the Ethereum Merge is over?

What’s next for Bitcoin and the crypto market now that the Ethereum Merge is over?

The Ethereum Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter Space with Capriole Fund founder Charles Edwards, the analyst mentioned that excitement over the Ethereum Merge and its bullish price action had somewhat been holding up hope across the market. …

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