UAW to Expand Strike Against GM and Stellantis While Sparing Ford
The United Auto Workers’ unprecedented strategy to simultaneously target all three legacy carmakers is showing results.
Bloomberg Business
Fed’s Daly Says She’s Not Ready to Declare Victory on Inflation
Federal Reserve Bank of San Francisco President Mary Daly said she is not ready to declare victory in the fight against inflation, and that the central bank is still committed to curbing price pressures “as gently as possible.”
Biden’s Trade Chief Backs WTO Reform Agenda — With a Warning
President Joe Biden’s top trade official reaffirmed the United States’ commitment to reforming the World Trade Organization in a speech aimed at blunting criticism that the US is slow-rolling efforts to update the trade body’s decades-old rulebook.
European Crypto Asset Manager CoinShares Starts US Hedge Fund Division
CoinShares, one of Europe’s largest cryptocurrency asset managers, is starting a hedge fund division as it seeks to make inroads with American investors.
FTX CEO’s Asset Recovery Efforts Accelerate Before Sam Bankman-Fried Trial
FTX Chief Executive and Restructuring Officer John J. Ray, whose team is overseeing a mammoth asset recovery task after the crypto exchange’s collapse, is accelerating efforts to recoup billion of dollars just weeks before FTX founder Sam Bankman-Fried heads to trial for what has been called one of the biggest financial frauds in American history.
Canadian Oil Exports Surge With World Hunting for OPEC Alternatives
Canadian crude exports out of US Gulf terminals are primed to soar in October as production cuts by Saudi Arabia and Russia stoke overseas demand, while US refinery maintenance means more of the oil is freed up for shipment.
US Seeks Clarity From Poland Over Support for Ukraine After Dispute
The US is seeking clarification from Poland over its support for Ukraine after Polish officials suggested that the country, a key ally, may halt military aid to the country, according to a senior US defense official.
Vanguard Plans Its First New Actively Managed ETFs in Two Years
Vanguard Group Inc. is planning its first active exchange-traded funds in two years, with both new planned products focused on the fixed-income market.
Banks Fearing a Liquidity Crunch Pay More to Cling to Cash
Banks are paying up to protect their cash holdings from sinking further and to safeguard against future runs on deposits, according to Bank of America Corp.
Raw Meat-Eating Liver King And Other Health Influencers Face Mounting Lawsuits
When Joe Loney discovered Liver King, a shredded fitness influencer known for eating raw organs, he was hooked.
