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By Michelle Toh, CNN Hong Kong (CNN) — Australia’s new central bank chief, Michele Bullock, took the helm Monday after a firestorm of criticism over rising living costs engulfed the tenure of her predecessor. Bullock, the first woman in the role, was appointed governor of the Reserve Bank of Australia (RBA) in July, taking over

By Laura He, CNN Hong Kong (CNN) — Chinese police have detained some staff of Evergrande’s wealth management unit after the company failed to repay investors, in the first criminal probe launched against the embattled property developer since it was hit by a massive debt crisis in late 2021. Shares in the company tumbled as

By Eva Rothenberg, CNN (CNN) — When the United Auto Workers called a strike last week against General Motors, Ford and Stellantis, one of their demands focused on an idea circulating on the periphery of labor reform circles. In addition to calling for a 36% pay raise and increased job security, union members want a

CNN By Eva Rothenberg, CNN (CNN) — When the United Auto Workers called a strike last week against General Motors, Ford and Stellantis, one of their demands focused on an idea circulating on the periphery of labor reform circles. In addition to calling for a 36% pay raise and increased job security, union members want

By Chris Isidore, CNN New York (CNN) — The strike by the United Auto Workers union isn’t the only labor problem that automakers, and US car buyers, need to worry about. Unifor, the union that represents autoworkers in Canada, is preparing to go on strike against Ford on Monday night. Ford isn’t speaking about how

By Parija Kavilanz, CNN New York (CNN) — Expect plenty more Champagne corks to pop in 2024, because engagements are expected to pick up steam after a pandemic-triggered drop-off. According to Signet Jewelers, the largest jewelry company in the United States, the pandemic dented sales of engagement rings as relationships faltered – or never even

By Nathaniel Meyersohn, CNN New York (CNN) — During the final days of 1936, about 50 autoworkers at General Motors shut down their machines at Fisher Body Plant No. 2 in Flint, Michigan, and sat down. The workers, members of the tiny United Automobile Workers union founded just a year prior, sought to improve brutal

By Eva Rothenberg, CNN (CNN) — About one in six Americans are now age 65 or older and, as the average population ages, a majority are reaching the age of retirement in a precarious financial position, as costs of personal care continue to rise. “Living a long life is something that many of us want

By Nathaniel Meyersohn, CNN New York (CNN) — The United Auto Workers strike isn’t happening in a vacuum. It’s part of a growing movement of US workers walking off the job. From Hollywood writers to nurses, factory workers, and Starbucks baristas, thousands of workers have gone on strike in recent months to demand higher pay

CNN By Nathaniel Meyersohn, CNN New York (CNN) — The United Auto Workers strike isn’t happening in a vacuum. It’s part of a growing movement of US workers walking off the job. From Hollywood writers to nurses, factory workers, and Starbucks baristas, thousands of workers have gone on strike in recent months to demand higher

By Nathaniel Meyersohn, CNN New York (CNN) — “We would like to begin boarding our flight at this time.” You are familiar with that friendly boarding announcement from the gate agent. Unfortunately, it means the next 45 minutes of your life will be messy. And airlines have made it chaotic by design — so people

By Elisabeth Buchwald, CNN New York (CNN) — With the United Auto Workers’ historic strike officially underway, experts say the US economy is already getting bruised – but the strike’s impact isn’t likely to push the nation into a recession. “That’s because the unionized part of the industry, while still large, is not as big

CNN By Elisabeth Buchwald, CNN New York (CNN) — With the United Auto Workers’ historic strike officially underway, experts say the US economy is already getting bruised – but the strike’s impact isn’t likely to push the nation into a recession. “That’s because the unionized part of the industry, while still large, is not as

By Allison Morrow, CNN New York (CNN) — Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal. Tolstedt had agreed to plead guilty to the criminal charge of obstructing regulators’ investigation of the bank, which she left in 2016 as the

By Chris Isidore and Kayla Tausche, CNN (CNN) — UAW President Shawn Fain has become the X factor in the striking autoworkers’ pursuit of increased pay and benefits, injecting a level of chaos into negotiations that neither the automakers nor the White House predicted or quite know how to manage. That confusion is purposeful. The

By Brian Fung, CNN (CNN) — A major European tech regulator has ordered TikTok to pay a €345 million ($368 million) fine after ruling that the app failed to do enough to protect children. The Irish Data Protection Commission, which oversees TikTok’s activities in the European Union, said Friday that the company had violated the

By Bryan Mena, CNN Washington, DC (CNN) — Rising gas prices haven’t taken their toll on the American consumer just yet, amid growing optimism that inflation is easing, according to the latest consumer sentiment survey from the University of Michigan. The university’s latest consumer survey released Friday showed that Americans’ expectation of inflation rates in

CNN By Jordan Valinsky, CNN New York (CNN) — General Motors CEO Mary Barra said she’s “frustrated” with the autoworker strike that began overnight, and said that her company has a “very compelling offer” for the union. “I think we have an offer that resonates with our people,” Barra told CNN’s Vanessa Yurkevich, saying that

By Jordan Valinsky, CNN Business New York (CNN) — General Motors CEO Mary Barra said she’s “frustrated” with the autoworker strike that began overnight, and said that her company has a “very compelling offer” for the union. “I think we have an offer that resonates with our people,” Barra told CNN’s Vanessa Yurkevich, saying that