United Auto Workers President Shawn Fain made scathing remarks about Stellantis CEO Carlos Tavares in a video, painting a grim picture of the company’s current state. Fain accused Tavares of engaging in price gouging practices, neglecting contractual obligations, and overseeing declining sales and profits. These accusations shed light on a contentious relationship between the union
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The recent resignation of Nemat “Minouche” Shafik, the president of Columbia University, has sparked a wave of controversy and discussions on the Manhattan campus. Shafik stepped down after facing months of criticism over protests related to the war in Gaza. Her decision to resign came after being targeted by anti-war protesters and House Republicans in
The latest report by the Labor Department revealed that inflation rose as expected in July, mainly due to higher housing-related costs. The consumer price index showed a 0.2% increase for the month, resulting in a 12-month inflation rate of 2.9%. The core CPI, excluding food and energy, also saw a 0.2% monthly increase and a
The rollout of the Free Application for Federal Student Aid (FAFSA) for the 2025-26 academic year has been marred by significant issues from the start. According to reports, many college students are still unaware of the status of their aid awards for the upcoming fall semester. The poor planning by the Department of Education has
In a recent report from the New York Federal Reserve, it was revealed that consumers are becoming more confident in the outlook for inflation in the coming years. The three-year inflation outlook, in particular, reached a new low, indicating that consumers believe inflation will remain elevated in the short term but decrease in the medium
Former President Donald Trump’s recent claims regarding Vice President Kamala Harris using AI technology to enhance the image of her rally crowds are not only false but also indicative of a larger effort to spread misinformation. Trump’s assertion that Harris digitally altered the appearance of her supporters to create a false narrative reflects a dangerous
Barbara Res, a former executive vice president of construction and development at the Trump Organization, has contradicted former President Donald Trump’s account of a helicopter ride that took place in the 1990s. Res stated during an interview with NBC News that the helicopter incident occurred while they were working on a major project in California
Senator Elizabeth Warren, a Democrat from Massachusetts, has raised concerns about Tesla CEO Elon Musk’s use of company resources to benefit his other ventures such as SpaceX and xAI. In a 10-page letter addressed to Tesla Chairwoman Robyn Denholm, Warren accused the Tesla Board of Directors of failing to meet its fiduciary duties to Tesla’s
The Federal Reserve Bank of New York recently reported that Americans now owe a record $1.14 trillion on their credit cards. This staggering amount reflects an average balance per consumer of $6,329, which is a 4.8% increase compared to the previous year. Additionally, credit card delinquency rates are on the rise, with roughly 9.1% of
Maryland’s Democratic Gov. Wes Moore highlighted that Vice President Kamala Harris would prioritize small business growth and large industry competition in shaping her own antitrust and regulatory policy if she were to become the president. According to Moore, Harris believes in supporting small businesses and making it easier for them to grow, along with facilitating