Las Vegas Strip Workers Reach Tentative Deal With Wynn Resorts

Updated Nov. 10, 2023 10:23 am ET Las Vegas Strip casino workers and three gambling companies struck labor contract deals this week after months of negotiations, narrowly avoiding a strike ahead of the high-stakes Formula One race weekend in the city. The Culinary and Bartenders unions had set a Friday strike deadline to reach deals … Read more

Hollywood Actors Reach Agreement With Studios, Streamers to End Strike

Updated Nov. 9, 2023 12:41 am ET Striking Hollywood actors reached a tentative agreement with major studios and streamers Wednesday that could clear the way for the entertainment industry to restart its content factory after six months of labor strife. The Screen Actors Guild-American Federation of Television and Radio Artists said its TV and theatrical … Read more

Goldman Moves to Unload GM Credit Card

Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group of employees within its Platform Solutions division, who work on the GM card, that a … Read more

Tesla Raises Wages for German Workers Amid Union Pressure

BERLIN—Tesla is boosting factory worker pay in Germany amid an aggressive unionization drive, a move that comes as Chief Executive Elon Musk may face similar organizing attempts in the U.S. Tesla’s management in Germany late last week unveiled a package of wage increases for workers during Musk’s visit to the so-called Gigafactory on the outskirts … Read more

Sharp U.S. Hiring Slowdown Signals Cooling Economy Ahead

Updated Nov. 3, 2023 10:16 am ET Hiring slowed sharply in October, a sign the economy is cooling this fall following a hot stretch over the summer. U.S. employers added 150,000 jobs in October, down from the previous month’s revised gain of 297,000, the Labor Department said Friday. That was the smallest gain since June, … Read more

Nio to Cut Jobs, Investment in Face of Rising Competition

Chinese electric-vehicle maker Nio will reduce positions this month and cut or defer some investment, moves aimed at boosting the upstart company’s viability as it contends with widening losses and rising competition. Shanghai-based Nio will cut about 10% of positions, William Li, the company’s founder and chief executive wrote in an internal letter to staff … Read more

Workers Keep Getting Big Raises. That’s a Problem for the Fed.

American workers are still commanding beefy pay raises. That is good news for workers but something that could complicate the Federal Reserve’s inflation fight.  Fed officials are likely to hold interest rates steady at this week’s policy meeting Tuesday and Wednesday, but signs of stalled progress in slowing wage and price increases could open the … Read more

GM, UAW Reach Tentative Labor Deal to End Strike

Updated Oct. 30, 2023 10:22 am ET General Motors became the last of the Detroit automakers to reach a new tentative labor deal with the United Auto Workers union Monday to end a strike that has spanned more than six weeks, according to people familiar with the talks. This latest accord follows tentative agreements struck … Read more

UAW Expands Strike With GM After Reaching Tentative Agreement With Stellantis

Updated Oct. 28, 2023 7:19 pm ET The United Auto Workers called a fresh strike at a General Motors factory in Tennessee, a surprise walkout after negotiators had been working nearly around the clock to finalize a new contract this weekend. Workers at GM’s factory in Spring Hill, Tenn., were ordered to go on strike … Read more

GM, UAW Move Closer to a Tentative Labor Contract

Updated Oct. 27, 2023 5:23 pm ET The United Auto Workers union is close to completing a tentative agreement on a new contract with General Motors, two days after the union clinched a tentative deal with Ford Motor. The two sides negotiated throughout Thursday night and into Friday morning, and reconvened in the early afternoon … Read more