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Nasdaq and S&P 500 End Month at All-Time Highs; Top Stocks in February
The stock markets finished February just as they began: with gains, resulting in a record month for the major benchmarks. Most notably, the Nasdaq Composite closed at 16,092 on Feb. 29, marking an all-time closing high for the index. The…
Truth Social Co-Founders Sue Company, Claim Trump Tried To Dilute Shares
An estimated $4 billion business merger involving former President Donald Trump’s social media company could hit a major snarl after a lawsuit was filed Wednesday accusing Trump of trying to dilute the co-founders’ shares.Andy Litinsky and…
Anheuser-Busch Reaches Tentative Deal With Teamsters, Potentially Avoiding Strike
Anheuser-Busch and the International Brotherhood of Teamsters reached a tentative agreement on a new five-year contract for thousands of workers, potentially avoiding a strike that could have idled a dozen breweries around the country.The…
Capital One To Buy Discover In Deal That Combines Major U.S. Credit Card Companies
NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shake up the payments industry, which…
21 Starbucks Stores Plan To Form Unions In 1-Day Blitz
Starbucks baristas from 21 stores around the country told the company Tuesday that they plan to organize, potentially adding hundreds of new members to a union campaign that’s battling the coffee chain for first contracts.The union, Workers…
Kroger, Albertsons Allegedly Colluded Against Grocery Workers’ Union
The grocery giants Albertsons and Kroger illegally colluded to weaken workers’ leverage amid strikes and contract negotiations in 2022, according to a lawsuit Colorado’s attorney general filed this week.As workers at 78 Kroger-owned King…
Number Of Striking U.S. Workers More Than Doubled In 2023
If it feels like a lot of workers are going out on strike these days, that’s because they are, according to a new report from Cornell University and the University of Illinois Urbana-Champaign.The number of U.S. workers involved in work…
January Inflation and Stocks: Is the Bull Market Finished?
When the market is greedy, that’s when it’s the most vulnerable. However, greed is quickly flipping to fear today as the January Consumer Price Index (CPI) report from the Bureau of Labor Statistics (BLS) indicates that U.S. inflation is…
S&P 500 Closes Over 5,000 for the First Time in Historic Week for Markets
The stock market finished in uncharted territory on Friday as the S&P 500 closed above 5,000 points for the first time in its history. The large-cap benchmark closed on Friday at 5,027, up by about 29 points on the day, as it had…
Trader Joe’s Disputes Union’s Election Win, Files Another Appeal
Trader Joe’s on Wednesday escalated a fight with union members in Kentucky by filing another appeal of their union’s January 2023 election victory.A regional director for the National Labor Relations Board rejected the company’s objections…