In a surprising turn of events, the International Longshoremen's Association (ILA) has decided to pause their three-day strike involving 45,000 dockworkers on the East and Gulf coasts. This temporary suspension could potentially boost the US economy by avoiding shortages and price increases that mig
The start of October has been marked by a complex web of events that are sending mixed signals to investors. On one hand, the stock market is facing a rough patch, with all three major averages snapping their three-week winning streak. However, on the other hand, new jobs data has shown significant
For a long time, trucking companies have been navigating the tricky waters of insurance on their own. It's a complicated world with lots of options and rules that can be hard to understand. Marquee Insurance Group has just launched something called the Express Lane portal to change all that. This ne
California Governor Gavin Newsom vetoed a bill aimed at regulating large AI models before their release to the public. He criticized the legislation for applying strict standards to basic functions and not focusing enough on potential risks from the technology. The governor encouraged lawmakers to r
CVS has been aggressively expanding its healthcare services, recently acquiring Oak Street Health for $10.6 billion and Signify Health for $8 billion in 2022. These acquisitions aim to bolster CVS's push into healthcare, a strategy also pursued by competitors like Walgreens. While some analysts sugg
As companies navigate the return of employees to the office, many are struggling to balance the need for face-to-face interaction with the desire for flexibility and work-life balance. A recent survey found that only 20% of workers want to be in an office five days a week, while another 30% want to
Indonesia is poised to become a crucial player in Microsoft's cloud computing and artificial intelligence strategy, with a massive $1.7 billion investment set to transform the country's tech landscape. This significant move is part of a broader effort by tech giants to tap into Southeast Asia's grow
As investors gear up for Microsoft’s upcoming earnings report, they’re zooming in on one big number: finance leases. This means Microsoft pays for assets like data centers over many years instead of all at once. For a company racing to boost its AI capabilities, these agreements are crucial. In July
Selling a massive property like the Oakland Coliseum isn't straightforward. The city and the African American Sports and Entertainment Group (AASEG) have been trying to seal a deal for months, but things keep shifting. Recently, AASEG agreed to pay most of the money in two large chunks instead of sm
Ever wonder how the bigwigs in the music industry rake in their millions? Well, it's not just about showing up to work every day. Lucian Grainge, the top dog at Universal Music Group (UMG), recently snagged a cool $150.3 million. That's way more than James Dolan, who came in second with a still impr
