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Month: September 2023

United States and China launch economic and financial working groups with aim of easing tensions

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. Treasury Department and China’s Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working groups will be divided

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Auto workers expand their strike to 38 locations in 20 states. Biden plans visit to show support

By DAVID KOENIG AP Business Writer The United Auto Workers union expanded its strike against major carmakers Friday, walking out of 38 parts-distribution centers operated by General Motors and Jeep and Ram owner Stellantis in 20 states but sparing Ford from further shutdowns. President Joe Biden said on X, formerly known as Twitter, that he

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Amazon Prime Video will soon come with ads, or a $2.99 monthly charge to dodge them

By MICHELLE CHAPMAN AP Business Writer Amazon Prime Video will include advertising during shows and movies starting early next year, joining other streaming services that have added different tiers of subscriptions. Members of Amazon Prime can pay $2.99 per month in the U.S. to keep their service ad-free, the company said Friday. Streaming services are

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‘We are deeply concerned.’ Corporate America is bracing for a lengthy government shutdown

By Matt Egan, CNN New York (CNN Business) — Corporate America’s leaders are mentally preparing for an especially long and chaotic government shutdown. Executives worry a protracted government shutdown will only add uncertainty to an already confusing business environment. In an era of persistent inflation, labor strikes and rising borrowing costs, they argue it would

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