How the port strike threatens the US banana supply
Attacks on ports along the East Coast and Gulf of Mexico could threaten the supply of bananas to Americans. According to the American Farm Federation, three-quarters of the country's bananas (more than 3.8 million tons) each year pass through ports managed by the International Longshoremen's Association (ILA). In 2023, approximately 27% of U.S. banana imports […]
Judge partially dismisses FTC's antitrust lawsuit against Amazon
A federal judge on Monday partially dismissed the Federal Trade Commission's (FTC) antitrust lawsuit against Amazon. But few details are currently available about U.S. District Judge John Chun's ruling, which was filed under seal. In December, Amazon asked a judge to dismiss the FTC's lawsuit, arguing that the practices the FTC deemed anticompetitive were actually […]
Biden: Striking port workers should see 'meaningful increase' in wages
Hours after tens of thousands of longshoremen were laid off at ports along the East Coast and Gulf of Mexico, President Biden called for a strike to demand higher wages for longshoremen. The United States Maritime Alliance (USMX) and the International Longshoremen's Association (ILA) failed to reach an agreement by a midnight deadline, leading to […]
Almost 200K Jeep hybrids recalled over fire risk
Nearly 200,000 Jeep plug-in hybrid vehicles will be recalled due to fire hazards, according to a Monday press release from manufacturer Stellantis. “Our internal review of customer data led to an internal investigation and the discovery of 13 fires,” Stellantis said. stated in the release. “All vehicles were parked and turned off.” Vehicles affected by […]
CVS to lay off nearly 3,000 employees
Woonsocket, Rhode Island (WPRI) — CVS Health plans to lay off about 3,000 employees nationwide, a company spokesperson confirmed Monday. CVS spokesperson Mike DeAngelis said in a statement to Nexstar's WPRI that the pharmacy giant is cutting 2,900 jobs due to “ongoing disruption, regulatory pressures, and evolving consumer needs and expectations.” Ta. “It is important […]
Republicans eager to keep House control are open to Trump’s SALT reversal
Republicans aim to take full control in 2024 and are open to raising the cap on state and local tax deductions (SALT), which they supported seven years ago and introduced under former President Donald Trump. The problem is particularly acute in high-tax blue states like California and New York, where many House Republicans hold battleground […]
Port workers strike for first time in nearly 50 years
Tens of thousands of longshoremen at ports along the East Coast and Gulf of Mexico went on strike just after midnight, the first strike by a longshoremen union in nearly 50 years. Workers from Maine to Texas walked off the job after the United States Maritime Union (USMX) and the International Longshoremen's Association (ILA) failed […]
Verizon says service has 'returned to normal levels' after thousands experienced outages
Verizon said Monday that “engineers have fully restored today's network outage” after thousands of users reported the outage. “Verizon engineers have fully recovered today's network outage that affected some customers. Service has returned to normal levels,” Verizon spokeswoman Ilya Hemlin said in a statement. “If you're still having trouble, we recommend restarting your device. We […]
Fed will help banks get cash in hurricane affected areas, Powell says
Federal Reserve Chairman Jerome Powell said Monday that the Fed will help local and regional banks in hurricane-hit areas ensure they have enough cash for their customers during the ongoing emergency. said he could assist. “We're able to ensure through the Reserve Bank that banks have cash available, so even if there is an extended […]
Rick Scott calls for Senate to reconvene to consider Helene disaster aid
Sen. Rick Scott (R-Fla.) on Monday called on the Senate to “immediately reconvene” once the damage assessment is complete so that lawmakers can consider emergency relief measures for the damage caused by Hurricane Helen. “Floridians are resilient, but our response and recovery from this storm will require the full and immediate support of government at […]