Business

Union, officials vow to fight job losses at Granite City steel plant

Union, officials vow to fight job losses at Granite City steel plant

Katie Kull ,  Austin Huguelet GRANITE CITY — Union officials and regional leaders on Wednesday promised to fight deep cuts at a century-old steel plant here, in the crosshairs of a company shifting gears. The plant’s owner, Pittsburgh-based U.S. Steel Corp., said this week it is working on plans to sell key parts of Granite …

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Futures Rise After Market Rally Flashes Very Bearish Signal

Futures Rise After Market Rally Flashes Very Bearish Signal

Dow Jones futures rose slightly Wednesday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered sharp losses Tuesday, with the Nasdaq and S&P 500 breaking below a key level. X Economic reports Tuesday revived recession and inflation fears. A report of Intel (INTC) chip price cuts due to PC weakness …

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Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Ethics Exams

Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Ethics Exams

Ernst & Young, one of the world’s largest auditing firms, has agreed to pay a $100 million fine after U.S. securities regulators found that hundreds of its auditors had cheated on ethics exams they were required to take for professional licenses — and that the firm did not do enough to stop the practice. The …

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Stocks extend bear market bounce as inflation angst eases

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global …

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Senate Dems call out Apple, Google mobile tracking, warn of abortion-related data privacy risks

Senate Dems call out Apple, Google mobile tracking, warn of abortion-related data privacy risks

Congressional correspondent Chad Pergram reveals who the GOP believes is the one man responsible for the Supreme Court abortion ruling. Democratic senators Elizabeth Warren, Ron Wyden, Cory Booker and Sara Jacobs are urging the Federal Trade Commission to investigate Apple and Google for failing to warn consumers about the potential harms associated with advertising-specific tracking …

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ExxonMobil is at a crossroads as climate crisis spurs clean energy transition

ExxonMobil is at a crossroads as climate crisis spurs clean energy transition

ExxonMobil is one of the most consequential and profitable companies in U.S. history. For more than a hundred years, the company’s oil and gas have helped power the global economy. But the ExxonMobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and also drastically reducing its carbon footprint to …

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