Ford Motor Co. late Tuesday said it has a new labor proposal on the bargaining table, calling it its “seventh and strongest” offer and promising no job losses due to EV battery plants.
Market Extra: What McCarthy ouster means for markets as investors fret over congressional ‘dysfunction’
The removal of House Speaker Kevin McCarthy from his post amid Republican infighting isn’t driving the selloff in stocks and bonds. But it won’t help.
Washington Watch: Kevin McCarthy ousted as House speaker: Here’s who could replace him
Fight for the next speaker is better to hammer out now than on the eve of the next possible shutdown, analyst says
Washington Watch: Kevin McCarthy ousted as House speaker, falling after historic challenge by Matt Gaetz
The U.S. House of Representatives approves a measure that removes Kevin McCarthy, a California Republican, from his position as the chamber’s speaker.
: Intel to spin off programmable solutions business in IPO over next few years
Intel Corp. shares rose after the company announced plans to spin off one of its units as a public offering over the next two to three years.
: Zoom takes on Microsoft, Google with its own word-processing app
Zoom Docs is loaded with Zoom’s artificial-intelligence assistant, AI Companion, and other AI capabilities that will help users draft, edit, summarize and change tones as well as include items from meeting discussions.
: United Airlines orders 110 Boeing and Airbus jets, betting on ‘growing travel opportunities’
United Airlines said late Tuesday it had ordered additional new jets from Boeing Co. and Airbus SE as it expects air-travel demand to continue unabated.
Market Extra: Here is the area bond-ETF investors favored in September as yields jumped
This is where bond-ETF investors put their money to work last month amid rising Treasury yields.
Market Extra: Banks are bracing for a recession as Treasury yields surge
Bank stocks are on pace for yearly losses, but the banking industry’s reserves are at the highest level in three decades, according to DBRS Morningstar.
: Bank stocks outpace broad market into the red as higher bond yields impact the value of their portfolios
Financial stocks in S&P 500 lag as bond prices push down the value of their bank bond holdings.
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