Oct. 30, 2023 10:00 am ET The tech giants are shaking off the postpandemic blues. Microsoft, Amazon.com, Meta Platforms and Google parent Alphabet last week delivered quarterly reports showing strong growth and…
Tag: SYND
Canadian Auto Workers Walk Out on Stellantis
TORONTO—Canadian auto workers went on strike against Stellantis after midnight Monday, when the two sides failed to reach an agreement. The walkout by about 8,200 members of Canada’s Unifor union will close…
Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.
Updated Oct. 30, 2023 8:18 am ET The end of the United Auto Workers strikes against Ford Motor and Chrysler-parent Stellantis offered some relief in Detroit after a bruising six-week labor showdown….
Meta Pauses Ads for Users Under 18 in Europe as It Rolls Out Subscriptions
Meta Platforms will stop showing adverts to European teens as part of a plan announced Monday to launch new subscription-based versions of its social-media products to comply with the continent’s regulations. The…
The Sales Pitch for an 8% Mortgage: Buy Now, Refinance Later—for Free
Lenders have a proposition for home buyers who can’t stomach an 8% mortgage rate: Buy now, and refinance later for free. Lenders are making these offers because the market for mortgages cratered…
Western Digital to Break up, Separating Hard-Drive Business From Flash-Memory Unit
Western Digital plans to break itself up, separating its business making traditional hard drives for computers from its flash-memory business. The move will effectively unwind Western Digital’s $19 billion acquisition of SanDisk…
Climate Risk Is Becoming Uninsurable. Better Forecasting Can Help.
Households and businesses are being priced out of insurance just as the effects of climate change start to bite. A new generation of mathematical modelers might be able to help defuse this…
Germany’s Economy Contracted Less than Expected in 3Q
By Ed Frankl The German economy contracted a little less than expected in the third quarter of 2023, driven by lower household consumption, and revisions to previous quarters meant the economy avoided…
For China, Bullying Apple Suppliers Could Backfire Badly
China’s surprise investigation into Apple supplier Foxconn, a key link in the iPhone supply chain, may be intended to send a message. The one Apple and its suppliers actually receive might do…
HSBC Holdings 3Q Net $5.62B Vs. Net $2.00B >0005.HK
By Sherry Qin HSBC Holdings PLC’s third-quarter net profit more than doubled as the London-based banking giant continued to benefit from higher interest rates and sharply higher non-interest income. The Asia-focused lender…