Hurricane Milton Spurs Calls for New Category 6 as Storm Surge ...
WEB21 hours ago · The debate over the scale's adequacy comes as Milton poses a severe threat to Florida's Gulf Coast, particularly the Tampa Bay area. The NHC has increased its storm surge forecast to 10-15 feet from the previous estimate of 8-12 feet, warning that the most severe flooding could occur along the immediate …
Hurricane Milton Hits Category 5: Florida Braces for Impact Amid …
WEB1 day ago · Terry Zhou. Hurricane Milton Hits Category 5: Florida Braces for Impact Amid Fresh Evacuation Orders (Photo: Google Maps/Business Times) Hurricane Milton intensified into a powerful Category 5 storm on Monday as it churned through the Gulf of Mexico, setting its sights on Florida's west coast. …
Business Times - Business & Financial News, China & International ...
WEBTesla Reportedly Opts Out of Performance-Based Stock Incentives for Employees Amid Cost-Cutting Measures. Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
FTX Set to Repay Billions to Creditors After Bankruptcy Plan Approval
WEB1 day ago · FTX has secured approval for its bankruptcy reorganization plan, positioning itself to repay billions of dollars to its creditors, potentially turning the once-disastrous collapse of the crypto exchange into a significant financial recovery. On Monday, Delaware bankruptcy Judge John Dorsey approved the plan, allowing the company to distribute between $14.7 billion and $16.5 billion in assets ...
Strike Hits Boeing’s Jet Production as September Deliveries Decline
WEB14 hours ago · Boeing Co. delivered 33 jets in September, a decrease from the 40 aircraft it handed over in August, as the ongoing machinist strike weighs heavily on its production capabilities. The strike, which began on September 13, involves around 33,000 workers at Boeing's U.S. West Coast factories and has significantly impacted the assembly of the company's best-selling 737 MAX jets, as well as its 777 ...
U.S. Dockworkers Strike Suspended as Tentative Deal Offers 62
WEB5 days ago · A historic strike by dockworkers that brought East and Gulf Coast ports to a standstill has been temporarily halted as the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative agreement on wage increases. The proposed deal includes a 62% wage hike over six years, significantly higher than the 50% initially offered by shipping companies.
US Labor Market Holds Steady, But Strikes and Storm Loom as …
WEB5 days ago · Nonfarm payrolls are expected to increase by 140,000 in September, according to a survey by Reuters. This is slightly below August's gain of 142,000, as the labor market continues to cool in response to the Fed's earlier rate hikes. The unemployment rate is projected to hold steady at 4.2%, up from 3.4% in …
James Comer Subpoenas DHS Chief Mayorkas Amid Allegations of …
WEBOct 1, 2024 · Comer's inquiry is fueled by claims from a whistleblower that a non-classified group chat among DHS personnel includes information pertinent to the investigation of Walz's ties to China. In a letter accompanying the subpoena, Comer stated, "The Committee has learned that further relevant information regarding Governor Walz has been memorialized ...
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEBSep 19, 2024 · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...
Boeing Offers 25% Pay Hike in Historic Deal to Avoid Strike as …
WEBSep 10, 2024 · The proposed contract falls short of the union's initial demand for a 40% pay increase, but negotiators are nonetheless championing the deal as a significant victory. In addition to the 25% wage hike, the agreement includes $3,000 lump-sum payments for each covered employee, improved health insurance …